London Market sees rates slowing in ’23; can grow ‘just above’ rate

Major London Market players anticipate a risk adjusted average rate change of 4.0% in 2023 across 40 key lines of business, down from both a rosier initial projection and a weaker final result in 2022, a Howden London Market Appetite survey has shown. Ultimate premium growth should track “just above” that rate gain.

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Insurance, Property Catastrophe, Cyber, Political Violence, Renewables, D&O, London Market, Lloyd’s, Howden, UK, Global

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London Market sees rates slowing in ’23; can grow ‘just above’ rate

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