Lloyd's predicts reduced Central Fund contributions by 2008
In a letter to market CEOs today Lloyd's director, finance and risk management, Luke Savage has predicted that it may be able to cut the contribution to the Central Fund rate in 2008, a year earlier than originally anticipated.
He writes: "At this time last year I wrote to you to give you the earliest possible advance notice of our intention to increase Central Fund Contribution rates to 1% of capacity. I said then that I
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