Lloyd's flags potential difficult reinsurance renewals and draws up China/Taiwan disaster scenarios
Lloyd’s has told syndicates that their plans for next year must consider the potential for difficult reinsurance renewal seasons as a result of “macro-economic, social and political pressures.”
Patrick Tiernan, chief of markets at Lloyd’s, highlighted the potential for drivers such as inflation, tightening monetary policy and poor catastrophe treaty performance in some classes to lead to
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