"Lloyd’s"

Baltimore and insurance reserves: a loss keeps developing after the event

Higher reserves do not mean another accident or an immediate payment. Revised obligations, settlement timing and the quality of initial estimates matter.

Lloyd’s profit falls 16.8% despite stronger underwriting

Stronger underwriting did not offset weaker investment returns. A breakdown of profit drivers explains why valuation losses are not the same as a cash shortage.

Lloyd’s pricing falls as premium growth masks pressure on insurance margins

Risk-adjusted rates fell 6.7%. Premium growth can conceal margin pressure, while buyers need to compare coverage and retained risk, not just price.