Despite of another loss making year at Lloyd's, signs of a hardening market are becoming visible
The market is buoyant about near term underwriting conditions, but just how important are they to cross-cycle value creation compared to the performance of asset managers?
Was it worth it? Time will tell.
The Casualty Actuarial Society publishes reserving paper using probabilistic programming
Research by ICMR shows that comparing stock performance of specialty re/insurance companies with the S&P 500 can provide new insight into the state of the insurance cycle
For the first time investors can review Lloyd’s syndicates’ return on capital and compare them directly with other re/insurers.
Lloyd's wrote £448bn of gross premiums since 2000, incurring gross claims to policyholders of £288bn, delivering a net combined ratio of 98% and generating £20bn for its investors. What happened?
Only top quartile and very few second quartile performers achieved underwriting profits in 2019.