Private Capital News
Today Lloyd’s presented their market messages, led by the new Head of Markets, Patrick Tiernan.
Whilst we are still digesting all the implications, our initial assessment is very positive. There were five key messages:
We posted forecast results for the 2019 and 2020 years of account yesterday along with a narrative describing some of the issues influencing the forecasts. This included a comment around the spate of US catastrophe losses and the observation that a number of syndicates with a large reinsurance or direct property accounts are currently forecasting a loss on the 2020 year of account. We included Blenheim Syndicate 5886 in a list of examples.