US results bode well for London’s property E&S runway
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US results bode well for London’s property E&S runway

London Financial District Skyline

US results from the past quarter have highlighted several positive trends for London market carriers, even as their cross-Atlantic counterparts have in some cases struggled under the weight of major catastrophe losses and rising auto loss costs.

A positive read-across from record-high catastrophe losses is unusual but as we have previously argued, given the reinsurance reset earlier this year that brought in higher retentions, it was always likely that the Q2 hailstorm and convective storm losses...

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