Magazine date:
May 2017 By the end of 2016, Lloyd’s posted 2.1 billion GBP (2.5 billion USD) in net profits, a performance that is identical to the one made in 2015.
The biggest insurance market in London has, however, reported a turnover on the rise by 12%, going from 26.7 billion GBP (39.5 billion USD) in 2015 up to 29.9 billion GBP (36.8 billion USD) a year later.
Despite this good performance in terms of premiums, the combined ratio has deteriorated by 7.9 points at 97.9%. Aggravating loss experience is mainly due to hurricane Matthew in the United States and the fire of Fort McMurray in Canada.
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