London property D&F market holds hopes of 2022 rate re-acceleration
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London property D&F market holds hopes of 2022 rate re-acceleration

City of London. London's panorama at sun set.

London property direct and facultative (D&F) underwriters are expecting accounts renewing at 1 January will register rate increases of around 5% on average, as pricing momentum continues to decelerate amid increasing levels of capacity.

However, with the retro and property treaty renewals severely delayed and very little certainty over where negotiations will land, sources speaking to Insurance Insider pointed to hopes of a re-acceleration of rate later in 2022, as underwriters attempt to...

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