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Equine bloodbath

12 July 2010

If there is one word that sums up the bloodstock sector at the moment it is overcapacity. In the past two years Markel, Broadgate, Novae and Marketform have all entered the Lloyd's market, helping to produce some of the softest conditions in years.

According to underwriters, rates are at unsustainable levels and they are enduring one of the most difficult periods the market has seen.

One would think that, with such competitive rates on offer, take-up levels would be healthy,...

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This article was published as part of issue July 2010/1

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