Lloyd’s will ‘up game’ to manage resubmissions as inflation drives top line
Lloyd’s chief of markets Patrick Tiernan said the Corporation will “up [its] game” in the coming weeks and months to help syndicates respond to a level of dislocation in property and specialty markets beyond what was expected during September business planning.
Current plans project that top-line premium at Lloyd’s will hit £56bn ($68bn) in 2023, a 14% increase on forecasted actual 2022 premium, adjusted for currency effects.
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