In the London company market, treaty premiums declined by 5% from 2024 to 2025

Change in treaty premiums written by the London company market between 2016 and 2025, compared to the change in direct & facultative (D&F) premiums over the same period

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Totals include 'controlled business', which is overseen by London operations but written in other offices

Source: IUA London Company Market Statistics Report 2026