Question

How do underwriting agencies in the London market operate?

a.

They write business exclusively for brokers

b.

They primarily serve clients in domestic insurance markets

c.

They participate in international reinsurance business on behalf of insurers

d.

They focus on direct underwriting for individual policyholders

Answer: (c).They participate in international reinsurance business on behalf of insurers Explanation:Underwriting agencies write selected business for clients in the London market from their own and other brokers' books of business, participating in international reinsurance business.

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Q. How do underwriting agencies in the London market operate?

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