Lloyd’s returns to £2.5bn profit helped by sustained rate increases

John Neal, CEO of Lloyd’s

Lloyd’s has announced pre-tax profit of £2.5bn in 2019 following a £1bn loss a year earlier, as its numbers were boosted by “sustained” rate increases, “improving” underwriting discipline, lower claims and strong investment performance. The market’s improved 2019 results follow heavy losses in previous years, including a £2bn shortfall in 2017. Since then, Lloyd’s has undergone a performance review and…

Please register or login to view the full post