22 May 2013

Best laid plans

22 June 2012

Dear Reader,

This week Lloyd's announced that as of 2013 syndicates will be able to have a bigger net exposure to one of its Realistic Disaster Scenarios (RDS) than previously - up from 25 percent to a 30 percent exposure.

Lloyd's has been at pains to stress that this move is not a relaxation of the existing regime, and that the capital tests going forward will make the regime even more rigorous.

Now I'm in no doubt that Lloyd's will...

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