“Whilst the market is still highly polarised around this type of coverage, in particular the extent of coverage that should be afforded, there is no doubt that it is not going away anytime soon,” he said. “The Lloyd’s market, historically, has always been at the forefront of coverage enhancements, enabled largely by the quota share model that facilitates the syndication of risk and promotes innovation, and London is certainly at the forefront of this coverage revolution.”
