London Market Premium Increases Reported
NU Online News Service, April 15, 2:59 p.m. EDT?Premium levels for non-marine insurance business in the London company market increased ?33.3 million ($63 million at current exchange rates) in 2004 compared with the prior year, according to the International Underwriting Association. [@@]
The U.K. insurance trade group reported that a total of ?1.7 billion ($3.1 billion) worth of premiums have so far been processed for the company market for the 2004 underwriting year. This is up from ?1.6 billion ($3 billion) for the comparable 2003 figure.
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