Lloyd's Market Review: Q4 2025

The Lloyd’s market has gone from strength to strength in recent years. While growth opportunities exist, particularly in reinsurance and emerging syndicates, success will depend on disciplined underwriting, strategic capital deployment, and careful syndicate selection.

The outlook for 2026 is positive but more nuanced, requiring a balance between growth and profitability in a softening market.

From a forecasted £4.2bn H1 profit in 2025, to evolving dynamics in reinsurace and syndicate growth strategies, our research team explore the opportunities and challenges shaping the Lloyd's market.

With the 2026 capacity auction season in full flow, our latest Argenta Insights report dives into:

• Forecast returns for 2023–2026 YOAs
• How syndicates are adapting to a shifting cycle
• Reinsurance market resilience and opportunities

To read more, download our latest report below:

Download here