Neal predicts consolidation as Lloyd’s delivers £3.9bn H1 pre-tax profit
Lloyd’s CEO John Neal has said the market’s underwriting performance is “as good as we’ve seen in recent decades”, as it reported a £3.9bn profit before tax for the first half of 2023.
The result included a £2.5bn underwriting profit, more than doubling the £1.2bn achieved in the same period last year, as well as strong recovery in investment returns.
The market’s combined ratio
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