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 inMonte Carlo, urged the insurance industry to avoid premium andcapacity cycles in favor of constant, responsible underwriting.
In a talk Tuesday at the Monte Carlo Rendez-Vous for thereinsurance industry, he said it was "critical that we stopbehaving like slaves to the cycle."
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