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Member, Beacon International Group, Ltd.
The Lloyd's of London has put its plans to launch an index for diversified insurance risks on hold, as it focuses on the implications of Brexit, Artemis.bm reported.
The Lloyd's Index service was being designed to provide line specific or whole-of-market indices and date, which could be used in risk transfer transactions.
Lloyd's believes that there is a need to prioritize resources appropriately and focus on preparedness for a changing environment, said an official.