Lloyd’s stakes its claim with three-year plan
Lloyd’s has released a three-year strategic plan intended to underscore its evergreen presence in global markets.
Among its aims is a commitment to improve trading rights in key territories – “for example, US funding arrangements, Canada, Australia and China”.
Lloyd’s will also explore options to obtain new licences in territories where there is a “clear opportunity and market support”.
The market has unveiled expansionary ambitions in Asia, where it will monitor the Indian market for potential changes to government regulations to enable Lloyd’s to gain a reinsurance licence.
The insurer will also “enhance the attractiveness of Lloyd’s trading centres in Singapore, China and Japan”.
Lloyd’s shows a clear intention to take a leadership role in improving industry underwriting discipline and the promotion of Solvency II regulation standards.
It says it will “maintain dialogue with the Financial Services Authority and the European Union to influence the outcome of Solvency II”.
Lloyd’s CEO Richard Ward says over the past 12 months Lloyd’s resolve has been tested, “but our disciplined approach to underwriting and our conservative investment strategy means that we remain in a strong position”.
Among its aims is a commitment to improve trading rights in key territories – “for example, US funding arrangements, Canada, Australia and China”.
Lloyd’s will also explore options to obtain new licences in territories where there is a “clear opportunity and market support”.
The market has unveiled expansionary ambitions in Asia, where it will monitor the Indian market for potential changes to government regulations to enable Lloyd’s to gain a reinsurance licence.
The insurer will also “enhance the attractiveness of Lloyd’s trading centres in Singapore, China and Japan”.
Lloyd’s shows a clear intention to take a leadership role in improving industry underwriting discipline and the promotion of Solvency II regulation standards.
It says it will “maintain dialogue with the Financial Services Authority and the European Union to influence the outcome of Solvency II”.
Lloyd’s CEO Richard Ward says over the past 12 months Lloyd’s resolve has been tested, “but our disciplined approach to underwriting and our conservative investment strategy means that we remain in a strong position”.