Honan reveals insurance predictions for 2019
Honan Insurance Group has predicted challenging buying conditions for insurance in 2019, impacted by the Hayne royal commission, the resubmission of Lloyd’s business plans, Brexit, economic factors, and an overactive merger-and-acquisition environment.
“We are already witnessing global underwriting markets in Lloyd’s ceasing to write certain classes of business such as professional indemnity and marine – and we expect this to continue,” said Andrew Fluitsma, Honan CEO for Australia and New Zealand.