PwC research highlights insurers' worries over aggregation
London Market insurers are broadly confident they are better placed than at previous points in the cycle to manage the downturn in premium rates, despite being under pressure to maintain similar levels of returns to those in 2004 and facing the key risk of mismanagement of aggregations of exposure such as to US hurricanes and other catastrophes.
At the same time, they are dealing with industry changes on distribution, including broker remuneration, according to the latest research by PricewaterhouseCoopers.Philip Calnan, partner at
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