Insight and Intelligence on the London & International Insurance Markets 24 Apr 2018

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D&F disappointment as loss-free rates show muted response at 1.4

  • Catrin Shi 20 March 2018
  • London property direct and facultative (D&F) underwriters have voiced frustration at the direction of 1 April renewal discussions, as it becomes clear that rate increases on loss-free business will lag expectations.

    Sources told The Insurance Insider that while there had been big rating spikes on loss-hit accounts, pricing on loss-free, core portfolio business was not hardening as much as hoped.

    "It's a two-speed market," one underwriter said. "The stressed parts of the book are in good shape but the more...

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