Lloyd's chief puts 9% capacity reduction down to market discipline
The Lloyd’s market expects to have the capacity to underwrite £13.7 bn of business in 2005, chief executive officer Nick Prettejohn announced today.
Lloyd’s added this represents a reduction of around 9% on the capacity for 2004, reflecting the market’s disciplined approach to current market conditions. The announcement follows detailed discussionOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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