Early indicators of growing London property appetite in 2024: Gallagher
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Early indicators of growing London property appetite in 2024: Gallagher

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London insurers are showing early indicators of planning to expand property capacity and aggregate deployed in 2024, although dynamics in the market will hinge on the ultimate performance of the 2023 year, according to a report from Gallagher.

The broker said a challenging 2023 had meant insureds facing their sixth consecutive year of rate increases with the “most punitive” terms to date, following a dramatic turn in reinsurance pricing dynamics at 1 January.

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