Insight and Intelligence on the London & International Insurance Markets 19 Feb 2018

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Texas habitational losses to hurt London D&F market

  • Catrin Shi 5 September 2017
  • The London property direct and facultative (D&F) market is braced for a slew of claims stemming from Texan habitational accounts in the aftermath of Harvey.

    Habitational cover is essentially buildings insurance for commercial residential properties and can include hundreds of properties per account.

    Sources told this publication the business segment, which typically includes flood cover, will undoubtedly be pushed into the red after years of rate reductions.

    "Texas habitational accounts are probably priced at about 50 percent of what they...

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