Lloyd's CEO Neal says market must maximise underwriting returns after £887m loss
Lloyd’s must take advantage of “once in a generation trading conditions” to return an underwriting profit in 2021, CEO John Neal has said after the market posted an £887m pre-tax loss for 2020.
The market’s combined ratio has now been above 100% for four years running, registering at 110.3% last year due to heavy losses arising from the Covid-19 pandemic.
Lloyd’s had returned to profit in
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