Market reform could cut Lloyd's cost ratio by 10 pts: Macquarie

Lloyd's could cut its expense ratio by as much as 10
percentage points over the next eight years if the industry
embraces alternative capital and market modernisation, according to
a report by Macquarie Capital.
On the whole, the Lloyd's expense ratio is predicted to fall
from 40 percent to 30-35 percent by 2025 as a result of
modernisation, according to Macquarie Capital analyst Philip
Kett.
This level of expenses is "nearer to that experienced by
peers [outside of Lloyd's]", Kett...