Capacity growth appears to have stalled at Lloyd's as the economic downturn in Europe and changes in investors' risk appetite put the brakes on continued growth, according to a report from Guy Carpenter.
The reinsurance broker, a subsidiary of Marsh & McLennan Companies, which also owns insurance broker Marsh, released a report today detailing the capacity history of Lloyd's of London from 2007 to 2011.
The report says that at the beginning of this year Lloyd's capacity stood at £24 billion ($39 billion at the current exchange rate). That capacity volume reflects 1 percent growth on a year-over-year basis, says Guy Carpenter.
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