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The syndicate’s GWP reached £1.44bn in 2023, a 7% increase on 2022. -
Primary casualty, aviation and motor classes were outliers in a bumper year for the market.
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Hear the latest from the marine market as it weighs up the implications of the bridge collapse in Baltimore. Early indications are the claim could eclipse losses from Costa Concordia, stretching into the billions.
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The new target go-live date is October, but a milestone plan will be confirmed in April.
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The Lloyd’s CFO said returns needed to remain high due to investor fatigue.
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Processing and product innovation companies are also in the cohort.
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The injection will be sufficient to take the platform through its next stage of major development.
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Sources believe Lloyd’s may be veering away from central DA systems.
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The narrative of competition between the two hubs can hold space for benefits.
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The syndicate-in-a-box will target £34.1mn in gross premium for 2024.
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If you only read a handful of stories this week, make it the selection below.
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Insurance Insider editor in chief Catrin Shi helps unpack Lloyd’s preliminary 2023 results, and offers her perspective on Aviva’s acquisition of Probitas.
