Behind the Headlines: Lloyd's 2025 strategy and WTW's Swift on the waning hard market
Insurance Insider - Behind the Headlines
<p>Alistair Swift – head of global lines of business, corporate risk and broking at WTW – tells <b>Behind the Headlines</b> we are past the peak of the hard market. </p>
<ul>
<li>Underwriters are like black cab drivers and are only ever going to talk the market up. </li>
<li>Growth ambitions are increasing competition and putting pressure on rates. </li>
<li>A desire to expand is being driven by broadly adequate rates across most classes. </li>
</ul>
<p>Editor-at-large Adam McNestrie provides in-depth analysis for Lloyd’s strategy through to 2025, as Lloyd’s looks to become a $100bn marketplace. </p>
<ul>
<li>The Corporation is going ‘big game hunting’ to attract major global insurers to the market.</li>
<li>Lloyd’s is looking to capitalise further on the booming excess & surplus market in the US.</li>
<li>Tensions could emerge around hitting growth ambitions and retaining strong underwriting results, as stellar performance is anticipated for 2023. </li>
</ul>
<p><br></p>