Little room for improvement in market says A.M. Best

A.M.Best’s initial review of the aggregate statistics of the UK non-life primary market suggests that, as expected, 2003 saw a modest continuation of the improvement in underwriting results seen since 2000, according to a special report issued by A.M. Best. The market’s net combined ratio is estimated to be 94 for the calendar year 2003, compared with 98 for 2002.