Lloyd’s urges ‘laser focus’ on COR as Tiernan teases strategy refresh
Lloyd’s executives have urged market participants to ensure combined ratios do not creep up, so that it can continue to absorb the impact of major loss events such as this year’s California wildfires.
The wildfires, which resulted in a £1.7bn net loss for the market in the first half of 2025, as well as aviation losses emanating from Russia’s invasion of Ukraine, mean the Lloyd’s major loss ratio
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