Facility economics require scrutiny: Horton

The London market needs to scrutinise how the benefits of broker
facilities are distributed throughout the (re)insurance value
chain, according to Beazley CEO Andrew Horton.
Speaking at sister publication
Reactions' London Market
(Re)insurance Conference on the future of the sector today, Horton
said the underlying economics of the structures must be examined,
but that they were likely to be a permanent fixture.
He said: "My view is (facilities) are good for the
insurance market. They are not go