After a turbulent time in 2017, the Lloyd’s market has returned to profit. The specialist insurance and reinsurance market recently announced a profit of £0.6 billion (almost US$0.8 billion) for the first half (H1) of 2018 – some sorely needed good news after the market’s severe catastrophe experience in 2017.
In addition, it announced an improved combined ratio of 95.5% in H1, down from 96.9% in the same period of last year, as well as a modest increase in gross written premiums from £18.9 billion (about US$24.9 billion) in H1 of 2017 to £19.3 billion (about US$25.4 billion) this year.
You've reached your limit - Register for free now for unlimited access
To read the full story, and get unlimited access to Insurance Business website content, just register for free now. GET STARTED HERE
Already a website member? Log in below.