Lloyd's syndicates may need to revise plans as they grapple with unprecedented circumstances, says Tiernan
Many Lloyd’s syndicates may need to resubmit their business plans for 2023 in the New Year as they grapple with a set of market circumstances that are “without recent precedent”, Lloyd’s chief of markets Patrick Tiernan has said.
In his quarterly market message to syndicates, Tiernan, pictured, flagged potentially difficult reinsurance renewals as well as the opportunity to take advantage of rate increases in property
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