With its viability intact despite incurring $5.25 billion in losses from U.S. hurricanes, top Lloyd’s executives are setting their sights on making the market more efficient, while growing impatient for relief from U.S. collateral requirements, according to the chairman of Lloyd’s.

“If Lloyd’s would have had to pay out $5.25 billion five or six years ago, that would have been the end of the world,” said Lord Peter Levene, speaking with NU during last week’s World Insurance Forum.

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