Our luck will run out, warns Lloyd’s CEO
Lloyd's CEO Richard Ward has told the London market that its lucky streak on US hurricanes is likely to come to an end.
And Ward has warned the market that the next big catastrophe could hit the industry's capital - rather than just its earnings - unless rates rise significantly from "dangerously low" levels.
"Rates should rise," he said."Prices are dangerously low at present. Clients may think they are getting a bargain. But the fact is that they are buying...
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