Lloyd’s Tiernan: Rate rises for syndicates in 2022 plans a ‘floor, not a target’
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Lloyd’s Tiernan: Rate rises for syndicates in 2022 plans a ‘floor, not a target’

Marcel Le Gouais
07 December 2021
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Chief of markets at Lloyd’s Patrick Tiernan told managing agents today that risk-adjusted rate changes in their 2022 plans should be seen as a “floor, not a target”, in a webinar that set out more details on the Corporation’s performance drive and an overhaul to a principles-based regime.

As reported by Insurance Insider this morning, Lloyd’s will permit aggregate exposure growth for 2022, with market-wide premium expected to grow 15% to £42.7bn

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News London market Lloyd's
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Marcel Le Gouais
Deputy Editor
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