Lloyd's Chairman Stresses Abolition of Insurance Cycles

NU Online News Service, Sept. 11, 1:55 p.m. EDT? Lloyd's Chairman Lord Levene, speaking this week in Monte Carlo, urged the insurance industry to avoid premium and capacity cycles in favor of constant, responsible underwriting.

In a talk Tuesday at the Monte Carlo Rendez-Vous for the reinsurance industry, he said it was "critical that we stop behaving like slaves to the cycle."

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