Insight and Intelligence on the London & International Insurance Markets 22 Aug 2017
Returns shrink at London carriers in H1
- 8 August 2017
London-based (re)insurers reported diminishing returns for the first half of the year, pressured by soft pricing conditions and narrow underwriting margins.
Click to enlarge The Insurance Insider's group of London-listed carriers generated a return on net tangible assets (Ronta) of 9.2 percent on a simple average basis for the first six months of 2017.
The result was less than half the prior-year figure of 22.8 percent and well below the five-year average of 18.4 percent.
This came as foreign exchange...
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