‘No end in sight’ for property D&F rate hikes ahead of 1.6 renewals
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‘No end in sight’ for property D&F rate hikes ahead of 1.6 renewals

Aisling Finn
31 May 2023
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The London property direct and facultative (D&F) market is still seeing huge rate increases ahead of the key 1 June renewal date, creating “the hardest market many of us have ever seen,” sources told this publication.

A canvass of London market D&F players by Insurance Insider estimated the average risk-adjusted rate increase ahead of the 1 June renewal will be around 15% on clean accounts, with loss affected accounts seeing rates double year-on-year.

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News London market Property
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