Contingency market contracts UK cover
Underwriters in the contingency (re)insurance market are retrenching from writing weather-related event cancellation cover in the UK market after a summer of heavy rain, Inside FAC has learned.
According to one of the leading brokers in the London contingency market, capacity at present is severly restricted as a result of accumulated losses: "a number of carriers are no longer willing to write weather cover for UK events", he said, including some "well-established players" in the market.
While there don't appear...
You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.
Purchase
Follow us:
