Underwriting at Lloyd's unprofitable in the aggregate, say Beale & Nelson
The strong performance that Lloyd’s has enjoyed this year masks a worrying unprofitable underwriting trend, according to the market’s CEO Inga Beale and chairman John Nelson.
In an annual letter to the market, Lloyd's leadership said that the London Market's strong performance during 2016 is hiding a worrying and deteriorating underwriting environment.
"Current year
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