BUZZ-Macquarie sees potential Chubb-AIG merger as floor for Aussie commercial rates
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Macquarie analysts suggest a potential merger between Chubb and AIG could stabilize Australian commercial insurance rates, despite ongoing downtrends. The merger would slightly reduce market fragmentation, ranking the combined entity third in Australian commercial lines. However, the overall market concentration would remain low, limiting significant pricing power changes. The sector is currently dominated by IAG, QBE, Suncorp, and Allianz.
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