Alistair Swift – head of global lines of business, corporate risk and broking at WTW – tells Behind the Headlines we are past the peak of the hard market. 

• Underwriters are like black cab drivers and are only ever going to talk the market up. 
• Growth ambitions are increasing competition and putting pressure on rates. 
• A desire to expand is being driven by broadly adequate rates across most classes. 

Editor-at-large Adam McNestrie provides in-depth analysis for Lloyd’s strategy through to 2025, as Lloyd’s looks to become a $100bn marketplace. 

• The Corporation is going ‘big game hunting’ to attract major global insurers to the market.
• Lloyd’s is looking to capitalise further on the booming excess & surplus market in the US.
• Tensions could emerge around hitting growth ambitions and retaining strong underwriting results, as stellar performance is anticipated for 2023.