Lloyd's 2005 capacity is likely to fall by 5% to 10% below...
According to Benfield Industry Analysis and Research Lloyd's 2005 capacity is likely to fall by 5% to 10% below the 2004 level of £14.9bn.
In its update of Lloyd's prospects Benfield said tighter control of capacity “is a prudent response to the onset of a more challenging rating environment".
In the report issued by Benfield it said the strength of the sterling could contribute to the drop in capacity, but added "the longer-term trend would also suggest application of a flexible business model."
According to Benfield, Lloyd's is likely to announce its 2005 capacity in mid-December.
