Lloyd's takes steps to slim reporting burden

Lloyd's has cut back on the requirements imposed on managing
agents as part of the much-disliked July business planning round,
as recently appointed performance management director Jon Hancock
begins to make his mark.
In a market bulletin released today, Lloyd's said syndicates
would no longer need to give it early details of their solvency
capital requirements in the summer, while the amount of data
captured as part of the so-called high level plan (HLP) will also
be heavily cut back....