INSURANCE and reinsurance brokers for the construction industry are exiting Asian markets owing to poor business from the aftermath of the Sept 11 terrorist attacks and soft markets arising from poor underwriting business since the late 1990s, Jardine Lloyd Thompson Asia said in a recent report.
These have led to shrinking capacity and low investment returns, which have taken their toll on insurers and reinsurers balance sheets, the company said in a statement.
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