Lloyd's premium growth to slow down amid increasing competition: Moody's

Helena Kingsley-Tomkins, associate vice president at U.S.-based ratings agency Moody's Investors Service Inc., said that premium growth at Lloyd's of London is likely to slow down as competition intensifies and economic growth remains tepid, Asia Insurance Review reported. The emergence of new reinsurance hubs in Singapore and Dubai will also put Lloyd's under added pressure to develop innovative products and services, Ms. Kingsley-Tomkins said.

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