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Member, Beacon International Group, Ltd.
JPMorgan Chase & Co. said that Lloyd's of London insurers and reinsurers benefit from the market's access to niche business lines and capital efficiency amid challenging market conditions, reported Artemis.bm.
"The Lloyd's market allows its members to access a diverse range of specialty risks that are well diversified by business line and geography," said JP Morgan.
This "allows them to be nimble in their underwriting, and shift business mix toward different markets as they reach different points in the insurance pricing cycle," added the firm.