CONTACTS:
FOR IMMEDIATE RELEASE
LONDON - APRIL 22, 2024 07:31 AM (EDT)
AM Best is revising its outlook on the London market insurance segment to positive from stable.
In its new Best’s Market Segment Report, “Market Segment Outlook: London Market Insurance”, AM Best notes strong pricing environment for most business lines is expected to support good underwriting profitability.
The report also says positive momentum of U.S. excess and surplus (E&S) lines offers opportunities, adding that the improved interest rate environment is likely to support healthy investment yields.
On the other hand, the report acknowledges changing climate trends and unmodelled risks present exposure management challenges and recognises that there are concerns regarding social and economic inflation in certain business lines.
To access a complimentary copy of this market segment report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=342193.
AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.