Insight and Intelligence on the London & International Insurance Markets 17 Mar 2018

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London market to harden: Fitch

  • Bernard Goyder 13 October 2017
  • Fitch Ratings has joined a growing chorus of commentary forecasting a hardening (re)insurance market.

    The rating agency said in its third quarter London market Autumn Dashboard that recent catastrophe losses would cause price rises on loss-affected lines and could push up rates across the wider market.

    Citing estimates from RMS that hurricanes Harvey, Irma and Maria would cost carriers between $75bn and $120bn, Fitch said it expected earnings in London to be "significantly reduced" compared to last year.

    The report...

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