Why do the London markets write hard-to-place risks for not a lot of premium?

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From what I've seen London Market is still more expensive than domestic/local markets.

"Hard to Place" has a different translations depending on the insurer, in its truest form it's smaller risks who've just paid a claim and are being non-renewed or priced out by incumbents. I've seen other markets who view this as low limit high premiums or just a way to add broker/portfolio diversification.

I still feel London Market is generally more expensive, however there are a select few market leaders in London for this class who depend on this portfolio and must compete with domestic prices.

I hope this helps.

Not a lot of premium? Tell that to my clients lol

It’s because us London brokers are too good ; )

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