Opinion: relevance vs discipline

Paul Clark, the BCG partner and author of the London Matters
report, warned this publication last week that if London scales
back its underwriting as a cycle management tool it places itself
at risk of becoming ahighly profitable niche.
In doing so he brought into focus a fundamental conflict that
every carrier in the sector must grapple with.
In a challenged market, (re)insurers are all faced with a choice
between bolstering their market presence in the hope of securing...