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Lloyd's eyes alternative reinsurance capital sector

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Lloyd's of London aims to harness the alternative reinsurance capital trend, reported Artemis.bm. Lloyd's of London's latest annual report showed that its return on capital decreased to 14.7% from 16.2%.

"The growth of alternative products and capital is well established in the reinsurance industry and we are determined to harness this trend in the years to come," said John Parry, director of finance at Lloyd's. Lloyd's wants to attract a capital base that is the "right amount and the right quality in the right place," Mr. Parry said.

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