Opinion: Stressed out

Every week seems to bring fresh evidence of the growing stresses on
the London market.
Last week The Insurance Insider
revealed that expansionist Middle Eastern carrier IGI, which had a
serious look at setting up a special purpose arrangement at
Lloyd's late last year, hadshelved the project, having judged that current market
conditions outweighed the strategic benefits of establishing such a
platform.
That followed earlier news that Cobalt wouldmiss its own target of a 1 April start date,...