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Lloyd's imposes new GoM stress tests
The Lloyd's Franchise Performance Management Directorate has introduced two new realistic disaster scenarios (RDS) to stress test individual syndicates and the market against Gulf of Mexico energy. Syndicates now have to complete a stress test entitled "Gulf of Mexico hurricane multiple total losses". Underwriters will have to assess their exposure on a range of different covers including wind physical damage, sue and labour and operators' extra expense - all across multiple risks.The second RDS...

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