Lloyd's promise to 'increase the change of pace' in three-year plan
Lloyd’s has published its new 2008 – 2010 Three-Year Plan. CEO Richard Ward has praised the achievements of Lloyd’s to date but urged caution as market conditions change.
“In the two years since the publication of the first version of the Three-Year Plan, the market and Corporation have achieved a number of key objectives, including upgrades from two ratings agencies, the development of a solid performance management framework and strong financial assets,” he said, adding that the market remains in a “strong position to deal with any issues that it faces and capitalise on opportunities.
“However we must recognise that we operate in a fiercely competitive
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