London Market Still Has Much To Prove

Against a backdrop of dismal market conditions, London insurers and Lloyds syndicates are starting to feel the pain. Questions are now being posed regarding the likelihood of future underwriting profits in a market once renowned for its innovative skills.

Undoubtedly the last few years amount to one of the most severe periods of competitive underwriting, and London, like its international counterparts, is suffering as a result.

Fitch believes we are now witnessing the end of the soft market, with rate increases likely to continue throughout 2001. The 2002 renewal season could see the majority of classes being underwritten at their break-even rate or better for the first time in many years.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including, and
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.