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Concern over re/insurance terms relaxation in London market: A.M. Best

Rating agency A.M. Best says that it is concerned that relaxation of insurance and reinsurance contract terms and conditions in the London market could adversely affect results in coming years and that it is monitoring how companies deal with increased exposures.It's perhaps the strongest worded warning from a rating agency read the full article →

Fitch gives London insurance & reinsurance market negative outlook

Fitch Ratings has revised its fundamental outlook for the London non-life insurance and reinsurance market to negative, previously stable, due to the underlying expectation that a substantial proportion of the market faces further significant pricing pressure.Reinsurance businesses in the London market are particularly expected to face a further decline in read the full article →

London market to take on 10% more U.S. windstorm risk in 2014

The London insurance and reinsurance market plans to take on at least 10% more U.S. windstorm risk in 2014, adding to abundant capacity from both traditional and non-traditional sources as we approach the January reinsurance renewals.Executives from PwC said today that they expect the London reinsurance market to increase its read the full article →