Big reduction in claims last year behind Lloyd’s profit turnaround, says Insurance DataLab

Lloyd’s syndicates reported an aggregate underwriting profit of £1.2bn for 2021 – up from a £2.1bn loss the previous year, largely as a result of a 24% reduction in gross claims to £13.5bn, down from £17.7m in 2020. This is according to the latest analysis of individual syndicate accounts by Insuran...


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