Capacity reductions
Lloyd's capacity could be reduced by up to 50% by 2007, according to Lloyd's franchise performance d...
Lloyd's capacity could be reduced by up to 50% by 2007, according to Lloyd's franchise performance director, Rolf Tolle. Speaking at an Insurance Institute of London lecture, Tolle warned that the London market will focus on underwriting for profit in future, not chase market share. "During the last down-cycle, the best underwriters were those who kept their pens in their pockets," he said.
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