Lloyd’s of London’s profit drops despite premium growth March 20, 2025 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, [...]
Lloyd’s of London expects £1.8bn hit from Californian wildfires March 10, 2025 Lloyd’s of London, the historic insurance market, has reported a 6.5 per cent increase in premiums written for 2024. In a trading update published this morning ahead of its full results, which are set to be released on 20 March 2025, Lloyd’s said gross written premiums increased £55.5bn from £52.1bn in the prior year. Lloyd’s [...]
Beazley records record profit despite wildfire losses March 4, 2025 Lloyd’s of London insurer Beazley has reported a record profit before tax of $1.4bn (£1.1bn) for 2024, a 13 per cent increase from the previous year. The specialist insurer also announced a $500m (£394m) share buyback programme alongside a 76 per cent rise in its ordinary dividend to 25p per share. Gross insurance written premiums [...]
Hiscox: Profit hits record at Lloyd’s of London insurer February 27, 2025 Lloyd’s of London insurer Hiscox has reported a record profit for the year ended 31 December 2024, with pre-tax earnings reaching $685.4m (£541.5m), a 9.5 per cent increase from the previous year. The insurance group’s net insurance contract written premiums rose to $3.7bn (£2.9bn) in 2023, up from $3.6bn (£2.8bn) in 2023. Insurance contract written [...]
DEI more crucial than ever, says Lloyd’s new inclusion chair February 4, 2025 Following Donald Trump's crackdown on DEI policies, Lloyd's newly appointed chair of inclusion says D&I is 'crucial now more than ever'
Lloyd’s of London CEO John Neal set to join Aon January 8, 2025 Lloyd's of London chief executive officer John Neal is set to leave his position this year to join Aon
Lloyd’s of London insurer snubs the City with New York IPO plans January 6, 2025 A Lloyd’s of London insurer has dealt a fresh blow to the City by snubbing the London Stock Exchange in favour of New York for its planned IPO, piling fresh pressure on the capital’s bourse after it shrank at the fastest pace on record last year. Aspen Insurance, an underwriting firm which operates out of [...]
Geopolitics, property and the London marketplace: Here’s what’s in store for insurance next year December 30, 2024 Insurance market in 2024 was defined by record floods and soaring premiums. So what are expects predicting for 2025?
I’m putting Markel International ‘on the map’, says president December 19, 2024 The London insurance market is the "jewel in the crown'", it's no surprise that US insurer Markel International has the City at the heart of its strategy
The intersection between the capital markets and the insurance industry December 17, 2024 Insurance is part of the DNA of global capitalism, but due to concerns around complexity and liquidity, the market has historically struggled to attract the capital needed for growth. Aon’s Capital Advisory division works with insurance clients to enhance return on capital by matching risk with capital to make better business decisions. It’s been built [...]