clyde & co – London Market Professional Indemnity Report July 2022
London PI market buoyant, but wary of economic headwinds
The report reveals widespread optimism about market conditions for the coming months, tempered by wariness of macroeconomic and inflationary pressures on the horizon. While 88% of respondents said they believe rates will continue to increase in the next 12 months, a significant majority (61%) said that broad economic trends would affect the volume of PI business underwritten in the London Market.
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