Hancock takes hard line on Lloyd's market growth

Lloyd's performance management director Jon Hancock has said
he expects the market to shrink for the next two years, as the
Corporation takes a tough stance on underperforming lines of
business.
Speaking at the Association of Lloyd's Members national
conference yesterday, Hancock said the market needed to change what
it is doing to improve underwriting results.
"I expect the market to shrink this year and to shrink next
year," he said. "Premiums must surely reduce if
performance is going to...