Lloyd’s downplays “strategic review” reports
The market is focusing on modernisation through electronic placement but denied a “deeper strategic review” despite £2bn 2017 losses and the exit of CEO Inga Beale.
Lloyd’s has rubbished reports that it is conducting a wholesale review following a report in Reuters that it is reviewing “all aspects of the business including its centuries old structure”.
According to the article the review follows 2017’s £2bn loss and the news that CEO Inga Beale is set to leave in 2019 after five years.
Lloyd’s denied that a “deeper strategic review” was underway describing assessments as business as usual.
A spokesperson for Lloyd’s said: “Lloyd’s reviews and refreshes
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