Lloyd's capacity stays at 2003 levels
Lloyd's is taking a cautious approach to the year ahead, with capacity to underwrite business remain...
Lloyd's is taking a cautious approach to the year ahead, with capacity to underwrite business remaining flat at 2003 levels of £14.9bn.
Nick Prettejohn, chief executive officer of Lloyd's, said the 2004 figure underlined Lloyd's strong capital base and demonstrated discipline in the market.
Prettejohn said: "The market's priority is to continue to improve quality of business, rather than chasing market share."
On average, Lloyd's syndicates have seen a 10% to 15% increase in capacity, mainly due to
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