Market must adopt long-term focus
The UK insurance market must focus on underwriting and sound management if it is to survive in today...
The UK insurance market must focus on underwriting and sound management if it is to survive in today's volatile market, according to Martin J Sullivan, vice-chairman and co-chief operating officer of AIG.
Sullivan urged insurers to "focus on underwriting with terms and conditions that can generate an underwriting profit".
Sullivan warned the London market could become unrecognisable within a year if it failed to address these issues. He said clients need to consider whether insurers have
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