A constrained cat market presents a dual-edged sword for Lloyd’s
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A constrained cat market presents a dual-edged sword for Lloyd’s

Lloyds building reflection london.jpg

In many ways, yesterday’s Lloyd’s market message from Patrick Tiernan was much of the same.

The chief of markets reiterated the Corporation’s emphasis on keeping ahead of inflation, exposure management and driving down expenses – with a particular eye on fixed commissions – as had been outlined at the start of business planning season.

But...

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