London market pricing in 2022: Is the party over?
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London market pricing in 2022: Is the party over?

A photograph of the Lloyds Building in London from ground up

Planned 2022 rate increases submitted in Lloyd’s business plans suggest that the market is well past the peak of pricing acceleration, following several years of substantial correction.

Multiple sources quizzed by this publication said that planned risk-adjusted rate increases for 2022 on a blended basis were at low to mid-single digits, with those syndicates in the upper range influenced by higher exposure to long-tail classes.

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