Covid-19: Lloyd's outlines coronavirus impact and response
CEO John Neal urges the industry to "put a lot more effort" into explaining products to clients.
Lloyd’s has reassessed the focus of its Future at Lloyd’s strategy for Q2 2020 as it deals with the “unprecedented challenge” of Covid-19, according to CEO John Neal.
Speaking on a call with the media, Neal said: “It would be inappropriate to be spending high sums of money in the face of economic challenges and in a time where the market is operationally under strain.
“We’ve narrowed our focus into the areas that will make the most difference in 2020 and 2021.”
He explained that these areas
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