Lloyd’s of London announced profits of $1.87 billion for the first six months of 2015 on Sept. 10. According to the combined ratio, which reflects the results of the market’s 96 syndicates, Lloyd’s outperformed its competitors for the fourth consecutive year.
“Over the past six months Lloyd's has continued to outperform its competitor group. Although there is little doubt that challenging times lie ahead, Lloyd’s is in a robust financial position, well capitalized and well reserved to face the future,” said Chairman John Nelson. “With an expanding international footprint across Asia, Latin America and the Middle East, Lloyd’s influence and relevance as a global force for effective risk management has never been stronger.”
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Trudy Knockless
Trudy Knockless is a reporter on ALM Media's Business of Law desk. She has a background serving legal and insurance publications. Contact her at [email protected] or on LinkedIn at Trudy Knockless.
