Lloyd’s

Inigo 1301 achieved the greatest scale of the new syndicates, writing $428mn of business.

The active underwriter of Syndicate 2791 called for models to account for rising prices.

Catastrophe losses remained high in 2021, adding 5 points to the loss ratio for the year compared to 2020.

The 2021 result is the first time Syndicate 2003 has turned an underwriting profit in four years.

In a landmark step for the Blueprint Two programme, the Data Council has agreed the content of the core data record for all risk classes.

The new platform – a “key deliverable” of the Future at Lloyd’s programme – will consist of a series of select funds across asset classes, made available to London market investors.

Lloyd’s CEO John Neal is in hospital following a collision with a car while out riding his bike at the weekend.

The Corporation’s results show aggregate losses for the syndicates whose 2017 and 2018 underwriting years remained open rose £98mn last year.

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The Lloyd’s CEO's statement was echoed by CFO Burkhard Keese, who said the losses would be “manageable.”

Management commentary and disclosure from the Lloyd's 2021 result outlines key challenges for the market ahead.

Lloyd’s CFO Burkhard Keese said further progress is needed among the lowest-performing syndicate quartile, despite their aggregate combined ratio improving 17%.