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Lloyd's upbeat on UK ILS regulation, wary of pricing pressure

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Executives at Lloyd's of London are looking to work with the U.K. government's new insurance-linked securities regulatory framework and utilize ILS as an additional layer of protection for Lloyd's central fund, Artemis.bm reports. The executives said that the ILS regulation however is likely to increase the price pressure for Lloyd's underwriting businesses in the short term. Hilary Weaver, chief risk officer at Lloyd's, said that the new ILS regulation will increase the already abundant supply of insurance capital leading to low prices for many risks.

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