Culture failings could lead to restrictions on growth or even run-off: Lloyd’s
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Culture failings could lead to restrictions on growth or even run-off: Lloyd’s

Catrin Shi
07 December 2022
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Failure on culture will have immediate consequences from the Lloyd’s performance management directorate, including the requirement to submit a contingent run-off plan for a syndicate, head of market operations and delivery Peter Montanaro has warned.

In the Lloyd’s market message today, Montanaro said falling down on culture as part of the Rio principles-based oversight system would lead to decisive action from the PMD.

These

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