LAM set to return within two years

London Authorities Mutual could make a return to the market within the "next 12 to 24 months", according to its management company.

LAM was forced into run-off in June 2009 after the Court of Appeal found that participation in a mutual was beyond the statutory powers of an authority in Risk Management Partners v Brent Local

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Insurers face margin crush unless premiums are hiked

Data analysis: A sustainable margin recovery looks increasingly challenging for insurers with premiums needing to increase in real terms to prevent any erosion after a tripling of costs to 10.9% of premiums last year from 3.5% in 2022.

Stephen Wallace, McLarens

Steven Wallace is managing director of EMEA for global claims services provider McLarens and is the current president of the Chartered Institute of Loss Adjusters.