London market expenses 'unsustainable': Galanski

The high level of commissions and operating costs in Lloyd's
and the London market are unsustainable and put carriers at a
"competitive disadvantage", Navigators CEO Stan Galanski
has claimed.
Speaking on a fourth quarter results analyst call, Galanski said
the level of commissions being extracted from the London market
were at unprecedented levels.
"Frankly, they are unsustainable," he said,according to a Seeking Alpha transcript .Coupled with high operating costs and the "excessive
regulatory