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.