News

Warning for London insurance market despite ‘stable’ rating issued

By Jon Guy 2023-03-27T12:32:00

London market

’Failure to prepare for risks could have capital implications,’ says rating agency

Rating agency AM Best has maintained its outlook for the London insurance market as ‘stable’ – but warned economic headwinds could derail progress made over the last 12 months.

The agency’s Market Segment Outlook, which was published today (27 March 2023), revealed that the London market faced several challenges despite it expecting strong pricing in key classes to be maintained through 2023.

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