2017: Lloyd’s annus horribilis

Lloyd’s 2017 headline result was the worst since 2001. But dig beyond the numbers and the picture is arguably even worse. As we demonstrate, Lloyd’s would have made an underlying loss with an attritional combined ratio of 102 percent even without a single catastrophe. This is a serious problem for a market already on a negative outlook. Re-Insurance.com provides a full analysis of the Lloyd’s numbers…