Private Capital News
Yesterday, Lloyd’s presented their November 2020 market messages. Slides from the presentation can be found here.
A variety of speakers from Lloyd’s contributed, including John Neal, the CEO. He opened by summarising the significant performance in the market since 2018 as evidenced by both the four consecutive years of rate increases and improving attritional loss ratio. Performance is still the top priority of John Neal and his team; “profit first, then growth”.
Lloyd’s has released updated forecasts for all syndicates supported by third party capital. These forecasts are based on data at the end of September and are for the 2018 and 2019 years of account. A schedule of all syndicate forecasts is available here.