• 10 March 2020

The first quarter of 2020 provides a useful time to look at what lies ahead throughout 2020 and for us to share with you some of the trends we saw throughout 2019. 

Syndicate business plans have all been signed off by Lloyd’s and the impact of 1st January treaty renewals on upfront pricing can now be assessed, giving us a clearer idea of what to expect in the year ahead.

This update focuses specifically on Australian businesses but the more general updates on Lloyd's syndicate closures and rates are applicable to all of our international casualty clients.

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International Casualty Market Update - Q1. 2020

The original version of this article, published on 10th March 2020 contained some inaccurate and misleading comments about Lloyd’s Syndicates and Australian MGAs. These inaccuracies were redacted on 11th March 2020. 

It was never our intention to suggest anyone should be cautious of trading with any particular Syndicates or Australian MGAs. It was only our intention to emphasise the need for vigilance in view of the ongoing changes in market conditions.

We would like to apologise unreservedly for any offence or misunderstanding caused.