Lloyd’s has “a laser focus” on the oversight of delegated underwriting authorities to make sure these facilities do not drag down the market in the same way that poor management of managing general agents did in the past, according to Rachel Turk, Lloyd’s chief underwriting officer.
“If coverholders are not managed well, restrictions will be imposed on the ability to delegate authority,” said Turk in her market message for the second quarter of 2025.
“The market continues to want t