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Lloyds, Hiscox and Beazley all report positive 2022 underwriting results and are positioned for further growth in 2023
Lloyd’s, and Hiscox and Beazley, two of the major insurers based in the market have provided trading updates and results statements over the past couple of weeks. We provide some edited highlights of the reports, with each stating much improved trading conditions and strong underwriting results.
Lloyd’s held its quarterly briefing on the morning of March 9th. These market messages are an opportunity for Lloyd’s centrally to discuss areas of priority with market practitioners. The market results are currently satisfactory. Lloyd’s provided a trading update on 8th March giving details of the 2022 calendar year with an overall combined ratio of 92%, Patrick Tiernan reminded the audience that this is best underwriting result since 2015.
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