Tiernan: Market does not need to shrink cat, but must manage it right
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Tiernan: Market does not need to shrink cat, but must manage it right

Marcel Le Gouais
03 March 2022
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Managing agents must move to address the elevated catastrophe losses they have incurred over the last five years by demonstrating increased sophistication and rigour in managing the risk, Lloyd’s chief of markets Patrick Tiernan has told this publication.

In an interview with Insurance Insider ahead of a market briefing this afternoon, Tiernan emphasised the Corporation’s move into sustainable growth from the completed remediation phase, while repeating the message that sustainable performance management “is an unrelenting discipline”.

The

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Lloyd's London market News
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Marcel Le Gouais
Deputy Editor
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