Lloyd’s to propose flat-fee syndicate charge based on top-line premium
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Lloyd’s to propose flat-fee syndicate charge based on top-line premium

Proposals will be put to the Lloyd’s Council over the coming weeks to take effect from 2025.

By Fiona Robertson
May 16, 2024
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Lloyd’s chief of markets Patrick Tiernan said the Corporation plans to replace current “complex and opaque” fee structures with a flat charge based on gross written premiums.

During

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