Insurers
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The London carrier posted an undiscounted combined ratio of 79%, up from 74% in 2023. -
The result is 1.1 points ahead of the midrange of a 6.4%-16.4% forecast.
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Westfield has seen a number of senior underwriters depart the business in recent weeks.
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UK and Ireland GI premiums rose 16% over the year.
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Lloyd’s CEO pay is lowest compared to major LSE-traded specialty insurers by a considerable margin.
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The carrier announced a $175mn share buyback.
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An increase in tonnage from new and existing members drove up income.
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The appeals court has ruled that composite policies provide multiple limits.
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The MGA’s US clients will now have access to London market capacity.
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The insurance commissioner said the carrier has not shown the need for price increases.
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The Australian carrier disclosed A$426mn in net cat losses during H1.
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Settlements could reduce seized aircraft quantum to the mid-single billions of dollars.
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