Insurance rates in regions such as Latin America, Asia-Pacific, the UK, and Continental Europe declined modestly in the second quarter of 2013, while rates in the US rose moderately. The combined effect was a decline in the Marsh Risk Management Global Insurance Index for the first time since its inception six quarters ago. The index represents a composite, or weighted, average of global rate change activity over the preceding four quarters.
According to the report:
Merger objection litigation and continued enforcement activities by regulators — translating into investigations involving both corporations and their executives — contributed to rate pressures for directors and officers liability insurance.