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The Lloyd’s CEO said that at least eight to 10 launches are now likely next year. -
Andrew Holderness, who has been with the law firm for 22 years, will leave the business effective immediately.
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Only 8 percent of this loss would be insured, according to research commissioned by Lloyd’s.
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Intermediaries support moves to streamline processing while urging caution on cutting value chain.
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What would you do if you were a Lloyd’s Name?
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The performance management director stressed, however, that his approach would differ by syndicate.
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Syndicate premium growth is expected to be in line with risk-adjusted rate expansion, with some exceptions.
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The work will stoke fears that UK intermediaries without EEA authorisations could struggle to access risk in the bloc.
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Christopher Drake was previously at Barbican Syndicate 1955.
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The performance management director was the internal lead for the modernisation and growth programme.
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Trade body flags potential issue, but also emphasises strong support for blueprint.
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Lloyd’s performance director stresses commitment to reforming syndication.
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