Lloyd's is in an increasingly strong competitive position, with record results reported for 2006 and underwriting capacity at an all-time high, according to a report from a reinsurance broker.
Reinsurance broker Guy Carpenter & Company, LLC, a subsidiary of New York-based Marsh & McLennan Companies, made the point in its fifth annual review of the market, titled "The Lloyd's Market in 2007."
"In 2006, leading players demonstrated once again that it is possible to achieve outstanding returns on equity at Lloyd's, which is crucial to the continuing strength of the market," said Nick Frankland, chief executive officer, Guy Carpenter in the UK, in a statement. "In addition, the significant strengthening of the balance sheet over the last five years provides a good platform for the future."
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