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Lloyd's can adapt to new reinsurance market dynamics, says chairman

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Lloyd's of London Chairman John Nelson said in an interview with CNBC that Lloyd's can evolve to adapt to new reinsurance market dynamics, reported.

Mr. Nelson was referring to the change in dynamics being driven by the entry of alternative capital from institutional investors and had recently said that this represents a challenge for Lloyd's.

He said that Lloyd's as a market has the luxury to "frame the way in which we attract capital, the way we do business, to suit the new dynamics."

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