Strong outlook for Lloyd's of London

Lloyd’s de LondresBroker Howden has recently published a report forecasting a solid outlook for Lloyd's of London in 2024.

The strength of the UK group is underpinned by adequate premium rates and minimal indications of new capital entering the market, which could potentially undermine the stability of the London market.

Lloyd's has achieved excellent underwriting results over the past three years, with outstanding performance in 2023, illustrated by a combined ratio of 84%.

Lloyd's has also limited its exposure to natural catastrophe risk and deployed new digital-based strategies as a way of cutting expenses.

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