London has hit commissions inflection point: Galanski

The London wholesale market has reached an "inflection
point" where the ratio of commissions to premiums must change,
according to Navigators Group president and CEO Stan Galanski.
Speaking during a first quarter earnings call last week,
Galanski said current commission expenses in the market were
unsustainable and posed a "real threat to the relevance of the
London market by putting it at a competitive cost
disadvantage", accordingto a Seeking Alpha transcript.Navigators' net commission ratio i