Map chairman warns of 'suicidal' underwriting

David Shipley, chairman of Managing Agency Partners (Map), has
criticised rivals that are currently writing for volume, saying the
strategy was "bordering on suicidal".
Writing in the accompanying notes to the Lloyd's
syndicate's annual report, Shipley noted that there had been a
considerable deterioration in conditions across most areas of the
market, fuelled by benign loss experience.
This had also been exacerbated by what he termed "major
initiatives to minimise the role of underwriting judgm