LONDON-- Lloyd's of London announced today that the market will have the capacity to underwrite 14.9 billion pounds Sterling (pounds) of business in 2004, or $26.7 billion. This figure maintains 2003's capacity level of 14.9 billion pounds, or $23.2 billion.
"The capacity figure demonstrates the strength of the market and its focus on underwriting discipline within the Lloyd's businesses," said Nick Prettejohn, Lloyd's Chief Executive. "The market's priority is to continue to improve the quality of its business, rather than simply increasing market share.
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