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Lloyd’s of London underwriting profit doubles to $7.52 billion in 2023

Lloyd’s of London underwriting profit doubles to $7.52 billion in 2023

by AIP Online Bureau | Mar 10, 2024 | International News, Non-Life, Regulation

Gross written premiums rose by 11.6% to 52.1 billion pounds across the commercial insurance market, which has more than 50 member firms, Lloyd’s said in an unscheduled trading update ahead of full results on March 28 LONDON: Lloyd’s of London’s...

Lloyd’s swings to a pre-tax loss in 2022,underwriting profit jumps 53% to 2.6 billion pounds

by AIP Online Bureau | Mar 23, 2023 | International News, Non-Life, Reinsurance

John Neal, CEO of Lloyd’s, forecast 2023 premiums of 56 billion pounds, up from 46.7 billion in 2022, according to a statement Rising interest rates have hit investments at many financial firms, and it posted a net investment loss of 3.1 billion pounds, compared with...
With 74.30% Combined Ratio, GIC Re logs a record underwriting profit of Rs 2,314 crore in Q4 FY 2021-22

With 74.30% Combined Ratio, GIC Re logs a record underwriting profit of Rs 2,314 crore in Q4 FY 2021-22

by AIP Online Bureau | May 27, 2022 | Indian News, Life, Non-Life, Reinsurance

Devesh Srivastava, CMD, GIC Re announcing company’s results at a press conference in Mumbai on Friday The reinsurer had a record net profit of Rs 1,795 crore during Q4 FY 2021-22 as compared to a loss of Rs 28.48 crore in the year ago period Indicating GIC...

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