Mood among Lloyd’s brokers uncertain amid downturn claims survey

78% of respondents expected to endure a continued softening in rates over the next 12 months, while only 18% thought they would remain the same and none believed they would harden. The classes of business considered most at risk were liability, property and reinsurance.

Alongside this gloomy mood, the state of the global economy was chief amongst concerns for the development of the Lloyd’s market over the next three years. There was also overwhelming sentiment towards continued consolidation