Lloyd's rejigs member charges for 2018

Lloyd's is to cut member subscription fees by 10 percent for
2018, but will revise the way it charges for elective services to
offset the savings.
In a market bulletin, the Corporation said 2018 members'
subscriptions will be charged at 0.36 percent of gross written
premium (GWP), compared to 0.40 percent in 2017.
This is thesecond consecutive year Lloyd's has chosen to cut its
subscription fees, as it faces mounting criticism over the cost of
doing business at the...