London D&F market ‘best it’s ever been’ for underwriters ahead of 1.4 renewals
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London D&F market ‘best it’s ever been’ for underwriters ahead of 1.4 renewals

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The London property direct and facultative (D&F) market is booming amid double-digit rate rises and a solid inflow of new business ahead of the key 1 April renewals, creating conditions which one source described as “the best ever seen” for underwriters.

A canvass of London market D&F players by Insurance Insider estimated the average risk-adjusted rate increase of cat accounts renewing on 1 April will be around 20%, even on clean accounts, with some loss-making accounts seeing rates double, depending...

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