From Reinsurance News, September 7:
The marketplace for re/insurance, Lloyd’s, has reported a strong set of results for H1 2023, with an underwriting profit of £2.5 billion, a significant increase from H1 2022’s £1.2 billion.
The strong underwriting result was driven by relatively lower major claims in the period, as the combined ratio improved by 6.2 percentage points to 85.2%, as compared to the H1 2022 ratio of 91.4%. Major claims represented 3.6% of the combined ratio in the first half of the year, down from 9.9%.
Lloyd’s saw an investment return of £1.8 billion, compared to H1 2022’s investment loss of £3.1 billion....
....MUCH MORE
Also at Reinsurance News, Sept. 7, Fitch joins S&P in re-rating the industry:
Fitch revises global reinsurance sector outlook to ‘improving’
Earlier today:
"S&P Global raises reinsurance sector view to stable from negative on higher prices"
