Further casualties predicted in Lloyd’s marine crackdown as global rivals circle
The action Lloyd’s has taken has changed the shape and make-up of the overall Lloyd’s portfolio for the better. Lloyd’s expects to continue offering capacity in every class of business that it has previously. But this capacity may be more expensive and discerning
The impact of Lloyd’s remediation work is leading to rate increases in marine lines as capacity exits, but there are concerns it is also driving away good business into competitor global markets
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