The London market enjoys another strong year

The London market has enjoyed another strong year of record profits despite the softening rates in many key sectors according to research from PricewaterhouseCoopers (PwC). Philip Calnan, partner, PwC said: "Capacity within the London insurance market has soared to record levels over the past three years. However, the softening market, increasing competition for capital and pressure from regulators, rating agencies and capital providers will leave little margin for error, underwriting and