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London market can handle downturn

London market insurers are broadly confident they are better placed than at previous points in the c...

London market insurers are broadly confident they are better placed than at previous points in the cycle to manage the downturn in premium rates, despite being under pressure to maintain similar levels of returns to those in 2004, according to new research.

PricewaterhouseCoopers' (PwC) fourth annual survey on the key issues affecting the London insurance market revealed that the most important challenges affecting market participants included, sustaining underwriting performance, effective cycle

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