‘Frustrating’ D&F market shows marked deceleration at 1.4
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‘Frustrating’ D&F market shows marked deceleration at 1.4

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Property direct and facultative (D&F) underwriters in London have described a “frustrating” market in the run-up to the key 1 April renewals as the magnitude of rate rises has declined more sharply than expected.

Sources told this publication that increased competition in London via new entrants, well-capitalised existing players and Lloyd’s carriers with bigger D&F budgets to fill was putting pressure on the class, which is now entering its fourth year of consecutive...

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