Lloyd’s warns casualty carriers to prepare for reinsurance shift
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Lloyd’s warns casualty carriers to prepare for reinsurance shift

Patrick Tiernan 2023.png

Lloyd’s chief of markets Patrick Tiernan has ramped up warnings to syndicates of the risk of lagging rate adequacy in casualty and specialty lines in his latest market message, as he urged market players to prepare for the implications of more costly reinsurance cover.

Tiernan has already expressed the need for caution this year over the complexities of increased geopolitical risk and inflation in longer-tailed lines.

But

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