Fitch goes negative on London market

Fitch has lowered its 2015 fundamental sector outlook on the London
market from stable to negative, the ratings agency announced today
(15 December).
The change was driven by the expectation that "an important
proportion of London market business would experience further
significant pricing pressures in 2015".
It added that reinsurance in particular was expected to see a
decline in pricing adequacy, which mirrors Fitch's current
negative outlook on the reinsurance sector due to int