Opinion: The agency model

Lloyd's carriers are finding it increasingly challenging to
make money underwriting for their own account as rates are eroded
year-on-year and acquisition costs run out of control.
They are getting little help from the asset side of the balance
sheet and that is pushing managing agents to look hard at other
ways to deliver a return to their shareholders.
Yesterday The Insurance Insider
revealed that Barbicanis working with Toa Re to establish a special purpose
arrangement (SPA) for 2018....