Beale warns on Lloyd's costs and commissions

Inga Beale

Following a poor 2016 underwriting performance Lloyd's CEO Inga Beale has warned the market to improve its cost model.

After a large fall in underwriting profits last year, Beale, pictured, said: “Fundamentally we have concerns on underwriting profitability and costs. 41 cents of every US dollar [written] is going

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