Lloyd's cracks down on lineslips

Lloyd's will publish a set of minimum standards for delegated
underwriting following two thematic reviews of aviation and
terrorism lineslips.
Where Lloyd's believes managing agents have inadequate
controls it may impose restrictions on the writing of lineslips,
the Corporation said in a market bulletin today (26 April).
The challenging conditions in the aviation war space have
largely been attributed to the extensive use of lineslips and
delegated underwriting, as softening rates defy a huge lo