Lloyd’s of London’s profit drops despite premium growth insurance Lloyd’s of London, the world’s leading insurance and reinsurance marketplace, has reported a profit before tax of £9.6bn for 2024, a drop from the £10.7bn reported for 2023. The market, which is made up of more than 50 leading insurance companies and over 380 registered Lloyd’s brokers, recorded gross written premiums of £55.5bn for 2024, [...]
Hurricane Milton: Global insurance industry bracing for colossal losses insurance As Hurricane Milton, a category three storm rips through the central west coast of Florida, the global insurance industry is bracing for losses of up to $100bn