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With chairman Bruce Carnegie-Brown’s third term expiring in June 2025, the organisation needs to start laying the ground for broader changes.
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The Corporation reported that ethnic-minority representation increased to 11% across the entire workforce.
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The combined ratio reported by Lloyd’s for 2022 would put it in the top half of Insurance Insider’s peer group, analysis of preliminary results shows.
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Market transformation director Bob James has been given a broader remit as COO at Lloyd’s, while deputy CFO Alex Cliff has joined the executive committee.
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Inclusion@Lloyd’s partner network initiative aims to support existing networks that are tied to a specific D&I need.
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Lloyd’s has drawn attention to an improved attritional loss ratio in 2022, warning the market that it would be “very difficult to get back” if it slips.
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Reinsurance renewals were more orderly than feared and business plan resubmissions have a positive weighting.
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GWP at Lloyd’s increased 19% during the year, whilst investment losses resulted in an overall pre-tax loss of £0.8bn, according to preliminary results for 2022.
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With brokers shifting to new providers to place certain classes, and competition among e-trading firms intensifying, the placement platform landscape has reached a crucial turning point.
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The launch date for PPL’s Next Gen platform was pushed back as the team fixed final defects.
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The syndicate also booked a combined ratio for the year of 78.6%.
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A canvass of Lloyd’s market executives generated an expected combined ratio of 92%-93% for 2022.