Lloyd's Sees Price Cycle As 2005 Top Issue

NU Online News Service, April 20, 3:52 p.m.EDT?Lloyd's of London underwriters see managing thepricing cycle as this year's most important industry issue,according to the market's annual opinion survey.[@@]

The survey of 102 Lloyd's underwriters found that 44 percent ofthose interviewed believe managing the cycle is the most importantchallenge to address this year. Achieving "contract certainty" wascited as the next most important issue, followed by the need toachieve transparency and disclosure.

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