Context
The IUA has published annual Treaty Insurance premiums for the London Company Market, stating that survey data reflects the pursuit of disciplined underwriting policies.
Key points to note and next actions
- Treaty reinsurance written in the London company market fell 6% last year. Total premiums of £11.27bn were recorded by the sector in 2025, compared to £11.985bn the previous year.
- The trend reflects a disciplined underwriting approach reported by many firms as global non-life premiums reach a cyclical low point.
- Just over one quarter (26%) of premiums written in London in 2025 were treaty reinsurance, with direct and facultative contracts making up the remaining 74%. These proportions are almost unchanged from the previous year and consolidate a steady increase in the relative importance of treaty business over recent years.
This year’s London Company Market Statistics Report is due to be published later this month, analysing all premium income for IUA members by placement type, class of business and geographical origin