Lloyd's capacity down
Lloyd's underwriting capacity reached £15.95bn on 1 January. This business is supported by 176 broke...
Lloyd's underwriting capacity reached £15.95bn on 1 January. This business is supported by 176 brokers, managed by 46 managing agents and underwritten by 75 syndicates. The results showed a decrease from January 2007, when capacity stood at £16.1bn.
Lloyd's said the reduction was due to the market's member syndicates responding to a cyclical downturn in global insurance rates.
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