The outlook for the Lloyd's market as 2006 draws to a close is positive in terms of capacity as well as competing with operations in Bermuda, according to a brokerage firm study.
Those findings came in London-based Benfield's latest "Lloyd's Update" report, which said Lloyd's focus has turned firmly towards active business following its deal to have Berkshire Hathaway take over its Equitas operation, which is running off asbestos and pre-1993 long-tail claims.
The research was done by Benfield's Industry Analysis and Research team
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