Fitch: Pricing adequacy critical for London Market
Fitch anticipates premium rates will remain flat or decline slightly in 2010
Although the London Insurance Market has weathered the financial crisis better than many other insurance sectors, underwriting discipline and pricing adequacy remains critical following expected strong earnings in 2009, says Fitch Ratings.
Fitch anticipates that premium rates will remain flat or decline slightly in 2010, and that the London Market may benefit from US regulatory developments.
“Fitch views managing the ongoing underwriting cycle as one of the greatest challenges facing the London
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