Lloyd's Capacity Down 9% For 2005
NU Online News Service, Dec. 16, 11:58 a.m. EST?The Lloyd's market announced today it expects to have the capacity to underwrite ?13.7 billion ($26.6 billion at current exchange rates) in business next year.[@@]
According to Lloyd's, this represents a reduction of approximately 9 percent from 2004′s capacity?a development which Lloyd's said reflected the market's "disciplined approach to current market conditions."
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