London insurers’ profits under pressure
Friday, 10 12 2018, Category: Insurance and Reinsurance, Country: United Kingdom
The profitability of London market and Lloyd’s insurers is expected to remain under pressure in 2018, despite the fact that rates improved slightly following the catastrophe losses in the second quarter of 2017, according to Fitch Ratings in a new report.
After last year’s losses, the market did see some improvement in rates, said Fitch.
Capitalization in the London market remains very strong, with excess capacity in the market fueling competition, said the report.
Source: Insurance Journal