Perhaps the most reassuring sign from the buyers' point of view is the enthusiasm with which London market insurers are signing up to join the new London Underwriting Centre. Lloyd's international brokers are enthusiastic about the new insurance center, a rival to Lloyd's, because it will not only make their lives easier by putting many of the companies under one roof but also makes the London market even more competitive.
The London Underwriting Centre is mostly for non-marine insurance; as such it will complement the existing company-owned marine center, the Institute of London Underwriters (ILU).