Lloyd’s falls to 2019 underwriting loss, COVID-19 drives down solvency ratio

Mar 26, 2020 - Reinsurance News

The specialist Lloyd’s of London insurance and reinsurance marketplace has reported an unprofitable underwriting performance for 2019, with its full year results also revealing a decline in its central solvency ratio as a result of financial market volatility driven by the COVID-19 outbreak.

Albeit improved on the previous year, Lloyd’s has reported a combined ratio of 102.1% for 2019, compared with 104.5% a year earlier.

Despite underwriting remaining in unprofitable territory, ...