Lloyd’s has confirmed gross written premium of £55.5bn in its 2024 outcomes, up 6.5% from the 12 months earlier than.
Revenue earlier than tax slipped by £1.1bn to £9.6bn because the mixed working ratio ticked up year-on-year from 84% to 86.9%.
The insurance coverage and reinsurance market beforehand trailed the leads to a buying and selling replace initially of this month.
Progress
Lloyd’s detailed the GWP hike was primarily pushed by quantity of 8.5%, made up of seven.6% from current syndicates and 0.9% from new entrants.
It famous value adjustments together with charge and inflation contributed 0.3% whereas overseas trade actions trimmed the
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