As many Lloyd’s and London market insurers retreat from the catastrophe space, amid elevated losses and the uncertain but increasing impacts of climate change, some underwriters could look to alternative reinsurance capital sources to help maintain their cat portfolios.
Insurance and reinsurance broker Howden’s London Market Appetite survey, published today, shows that with the exception of catastrophe exposure, growth appetite is strong across the marketplace.
Through November and December of last year, the broker’s Howden Markets unit surveyed 38 insurers, including 24 Lloyd’s Syndicates, four dual platforms markets, and 10 company markets, to gauge the underwriting appetite and rate landscape as the industry moves through 2022.
FULL ORIGINAL PUBLICATION HERE
