Liberty Mutual chief says rates in the London market are ready to turn
Rate rises are heading for the London market in 2012, according to Liberty Mutual Insurance Europe chief executive Sean Rocks.
In an interview with Insurance Times, Rocks said while change is coming, it is unclear what form it will take.
“There is something happening in the market at the moment. I can’t tell you exactly what that is but there is a feeling that there could be a change.”
“We’ll have to wait until the beginning of next year to find out exactly what will happen but I think the market is very much ready for a change,” he added.
Rocks said the changes will be an isolated London market event and are unlikely to affect Europe.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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