iua – LONDON COMPANY MARKET PREMIUM JUMPS 20%

Premium income for the London company market jumped by 20% in 2020, a new report by the International Underwriting Association (IUA) has revealed. Large commercial and wholesale risks worth £27.976bn were written in the City last year, with a further £5.162bn completed in offices elsewhere, but overseen and managed by London operations. Combining these two figures gives an overall intellectual and economic premium of £33.138bn, up from a figure of £27.633bn in 2019.