Rates decline seen across most regions in Q2 says Marsh

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Rates typically fell between 1% and 3%, with the US the only region in the global index to show an increase of rates on renewal. Inside the US an increase of 1.6% was seen across all lines of business. Rate increases were most prevalent in professional liability and financial institution liability lines, which renewed on average flat to up 10% in the quarter. Marsh clients renewing their directors and officers liability in the quarter typically saw flat to 8% increases in rate. Financial i