Lloyd’s expecting ‘mixed bag’ of outcomes in hard market
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Lloyd’s expecting ‘mixed bag’ of outcomes in hard market

Fiona Robertson
07 December 2022
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Lloyd’s chief of markets Patrick Tiernan said there will be a “mixed bag” of outcomes from the resubmissions process as syndicates face up to the challenges and opportunities of the hard market.

Syndicates whose capital requirements change by 10% or more from their approved business plan as a result of either sourcing less reinsurance or retro, or wanting to write more business than budgeted will have to resubmit their proposals.

Tiernan

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