The final quarter of 2017 had seen all lines bar packages report positive numbers. But expectations of any strengthening have been dashed with more fallers than risers in the first three months of this year.

Fleet was one that stood out with its 0.6% dip. “Frankly I am gobsmacked that the index has gone back in the first quarter,” commented Simon Cooter, commercial lines and high net worth director at Covéa.

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