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London Market Not Immune To Softening, But Buyers Urged To Look Beyond Price

Similar to trends in other global insurance markets, London is becoming more competitive across the board, with underwriters cutting premiums and boosting coverage to keep accounts and add new

By Caroline McDonald | Updated on June 01, 2008

Similar to trends in other global insurance markets, London is becoming more competitive across the board, with underwriters cutting premiums and boosting coverage to keep accounts and add new business. But that doesn’t mean price should be the only consideration for buyers or underwriters, one veteran of the Lloyd’s and brokerage communities warns.

“In terms of market conditions, our clients are finding the London market competitive in virtually every single major line of business London is good at–from aviation, to marine, to large property placements and large casualty placements,” according to Julian James, chief executive officer of Lockton International, based in London.

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