IUA company figures 1999: the slide continues

Part 1 of our look at the annual report of the International Underwriting Association (IUA) shows that London market companies writing international insurance and reinsurance found 1999 a tougher year, with growth in premium income outstripped by rising claims. Member companies of the IUA reported an increased loss of £290mn in 1999, up from £136mn in 1998 as non-marine figures deteriorated and marine and aviation improved only slightly from a very poor position.