Best Lloyd’s underwriting result in years not enough to prevent pre-tax loss
Lloyd’s has posted a pre-tax loss of £769m for 2022, despite achieving its strongest underwriting result since 2015.
The market achieved a combined ratio of 91.9% and made a £2.6bn underwriting profit. However, this was offset by mark-to-market losses of £3.1bn, which chief executive John Neal said were a “direct
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