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Syndicate 1984 will be backed by Names under a modified freehold arrangement.
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Plus, the latest people moves and all the top news of the week.
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Lloyd’s hopes to protect healthy pricing, but focus is on broader structural market shifts.
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The Corporation said pricing within aviation was “almost certainly inadequate”.
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CUO Rachel Turk said some syndicates were showing a “mismatch” in ambition and strategy.
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The syndicate reported an undiscounted net combined operating ratio of 77.9%.
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The Corporation saw improvements across all three leadership levels.
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Opportunities for insurance in transition-related activity “incredible”.
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The market improved on attritional losses in 2024 – but slowing rate growth raises queries over top-line momentum.
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While market underwriting profit slipped 10%, the underlying combined ratio was under 80%.
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