Lloyd's to limit cyber exposures to 'best in class' syndicates as it approves £44bn GWP plans
Lloyd’s will remain open to new cyber business in 2022 but only “best in class” syndicates will be permitted to grow their exposures, its chief of markets Patrick Tiernan has said.
The announcement came as the market announced planned top line growth for 2022 of 15%, taking gross written premiums to £43.7bn.
On Tuesday Tiernan, pictured, hit back at what he called a “lazy
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