Further losses at Lloyd's in 2018

profit-loss-shutterstock-101550217

Lloyd’s has reported a loss of £1.0bn for 2018, following on from a loss of £2.0bn in the preceding year.

The corporation said the loss followed a “volatile investment environment” and an expensive year for natural catastrophes where major claims cost the Lloyd’s market £2.9bn.

In addition, net investment returns declined to £0.5bn, compared to £1.8bn in 2017.

However, the market’s combined operating ratio improved to 104.5% (2017: 114.0%) and gross written premiums ticked up to £35.5bn in

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: