Lloyd’s profits surge as Tiernan charts course for ‘efficiency’ era Insurance Lloyd’s of London has reported a pre-tax profit of £10.6bn, over a 10 per cent increase from the previous year, as its chief executive launches its new five-year strategy. Its gross written premiums climb to £57.9bn, up over 4 per cent. This was driven by volume growth as new syndicates joined the market; however, for [...]
Ageing workforce puts London’s specialty insurance sector at risk Insurance London’s specialty (re)insurance market employs around 61,000 people, but despite this, the sector is facing a ‘critical’ talent shortage. According to data from the trade body, the London Market Group (LMG), that headcount is up 3 per cent since 2022, but the sector is expected to require around 82,200 by the end of 2034. The [...]
If you look past the headlines London is charging ahead CITY VIEW While the headlines are dominated by a steady trickle of takeovers stripping the London Stock Exchange, money is flooding into the capital elsewhere.