Opinion: ProSight at Lloyd's run-off prospects

For many years, the London market outperformed its specialty
insurance peers in the US, as well as the Bermuda market and the
continental reinsurers.
That is no longer the case.
The perception may lag the reality, but the market's finest
underwriting businesses aside, London and Lloyd's carriers are
not really making any money on underwriting anymore.
On a year-of-account basis, it is hard to see 2017 delivering a
meaningful underwriting margin, and it is easy to see it running at...