World Insurance Report
Moody’s increases loss forecasts
Ratings agency Moody’s has increased its estimate for the pure-year bottom-line losses of the
Lloyd’s market for the three years of account from 1997 to 1999. Moody’s has more than doubled its forecast for 1997 pure-year losses
to 3.2% from 1.4% of capacity. It expects the losses for 1998 and 1999 to rise to 9.7% and 9.8% respectively.