Lloyd’s open for growth but demanding sustainable performance
Market leader stresses remediation is not a ‘once and done’ exercise as focus increases on catastrophe risks.
The Lloyd’s market is moving through from remediation to sustainable performance, according to Patrick Tiernan, chief of markets.
The comments came in a press briefing on 3 March as the marketplace focused in on issues surrounding catastrophe business.
Tiernan, pictured, noted that last May the market had declared being positioned for growth, and it had then approved a 15% uplift in gross written premium in the 2022 plan.
The performance mantra was now moving the spotlight to more volatile
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