Lloyds Keeps Capacity Even With 03
The Lloyds of London market will keep its 2004 capacity level even with last years figure, allowing syndicates to underwrite 14.9 billion of businesstranslating into about $26.7 billion under Dec. 31, 2003, exchange rates.
The level capacity figure demonstrates Lloyds focus on underwriting discipline, according to the markets chief executive officer, Nick Prettejohn. "The markets priority is to continue to improve the quality of its business, rather than simply increasing market share," he said.
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