Underwriters under pressure to secure facility deals to remain in London market
Lloyd’s underwriters have been warned they may have to secure facility deals with brokers in order to conduct business in the market in the future, despite a question mark remaining over whether these practices are anti-competitive.
Sources in the London market told Post underwriters are increasingly facing pressure to adopt passive underwriting schemes similar to the deal Aon has with Warren Buffett’s Berkshire Hathaway – which
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