Lloyd’s ready to call time on underperforming syndicates as market delivers £1.4bn H1 profit
Time is running out for Lloyd’s syndicates that have been unable to profitably remediate their books of business, market executives signalled on Thursday as they reported £1.4bn in profits for the first half of the year.
The results were driven by £1bn in underwriting profit, which represented a stark contrast to the £1.3bn underwriting loss reported in the Covid-stricken first half of 2020.
Burkhard Keese, Lloyd’s
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