AmTrust’s UK liability exit could see premiums rise
Brokers warned to prepare for prices to increase by 10%-15% as the provider’s departure causes “ripple effect”.
AmTrust’s UK liability exit could be the “tip of the iceberg” in terms of providers losing their appetite for some business lines, brokers have warned.
Insurers are also expected to hike UK liability premiums by 10%-15% following the move.
Insurance Age revealed last week (28 November) that AmTrust was to cease operations in UK liability with the book set to go into run-off in January 2019.
Dave Mackie, North West regional manager at PIB, said: “AmTrust supports many other insurers or
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