U-S-NEWS.COM - REAL NEWS for REAL PEOPLE
KING's of FAKE NEWS = CNN - CBS News - MSNBC News - ABC News - The New York Times - The Washington Post - Facebook - Twitter and more
They ALL SUCKS and simply DO NOT tell you the truth PERIOD
WARNING! If you usually get your news from one of these so-called "News Services" Welcome to you, but be prepared for big surprises!
eg. the earth IS round, but not like a pancake, more like a football - 2+2 is not 5 or 22 but 4 - There is not 57 different genders, only 2
Help your friends, family and the truth by sharing this page and articles. Amen and a-women
KNOWLEDGE is POWER / REAL NEWS is KEY
New York: Tuesday, September 28, 2021
© 2021 U-S-NEWS.COM
Online Readers: 73
(5 just watching the pictures)
FILE PHOTO: Lloyd's of London logo at City of London financial district

MONEY & BUSINESS:
Lloyd’s of London records H1 profit of $1.9 billion


FILE PHOTO: Signage is seen inside the Lloyd’s of London building in the City of London financial district in London, Britain, April 16, 2019. REUTERS/Hannah McKay

September 9, 2021

LONDON (Reuters) – Lloyd’s of London swung to a first-half pre-tax profit of 1.4 billion pounds ($1.93 billion), helped by rising premium rates, the commercial insurance market said on Thursday.

Lloyd’s, which reports the combined results of its 100-odd syndicate members, recorded a loss of 400 million pounds for the same period a year ago.

Insurers suffered in 2020 due to hefty COVID-19 claims such as event cancellation and trade credit cover. But after writing exclusions into contracts for the pandemic and raising premiums, they have performed strongly this year.

Premium rates rose 9.9%, Lloyd’s said in a statement.

Lloyd’s has also made a push in recent years for its members to exit loss-making insurance lines.

It launched its first sustainability strategy last year and is trying to put more of its business online and improve its record on diversity.

“Lloyd’s has successfully repositioned the market for sustainable, profitable growth,” CEO John Neal said.

“We are making great strides on all our strategic priorities which focus on improving the culture in the market, the Future at Lloyd’s digital transformation, and sustainability, climate and inclusion.”

Lloyd’s had a combined ratio of 92.2%, compared with 110.4% a year earlier. A level below 100% indicates an underwriting profit.

It said 80% of COVID-19 claims notified to date had been paid.

($1 = 0.7257 pounds)

(Reporting by Carolyn Cohn;Editing by Elaine Hardcastle)

Read Original – Click Here

(Visited 3 times, 1 visits today)
0 Comments

Leave a reply

Your email address will not be published. Required fields are marked *

*

©2021 U-S-NEWS.COM - REAL NEWS for REAL PEOPLE

DRAIN the SWAMP
BUT HOW? WELL IT'S EASY
FIND OUT HOW RIGHT HERE
HELP DRAIN the SWAMP - We have now seen how the left-wing cancel culture, with great help from our mainstream fake-news media hand in hand with Google, Youtube, Twitter, Amazon, Stripe and more, they are all trying to suppress conservative opinions. It's now the time for us to cancel or at least avoid using their so-called services. Yes but how to do that? Well it's actually very easy! There are Great alternatives for both Facebook, Twitter and Youtube, in fact even better! Find out more right here.
I'm down here in the swamp. Help me!
You now reached the bottom, exactly like
JOE BIDEN
Commander in Thief
PGlmcmFtZSB3aWR0aD0iNTAwIiBoZWlnaHQ9IjI4MSIgc3JjPSJodHRwczovL3d3dy55b3V0dWJlLmNvbS9lbWJlZC9RUDBSUmhDTzBUMCIgZnJhbWVib3JkZXI9IjAiIGFsbG93PSJhY2NlbGVyb21ldGVyOyBhdXRvcGxheTsgY2xpcGJvYXJkLXdyaXRlOyBlbmNyeXB0ZWQtbWVkaWE7IGd5cm9zY29wZTsgcGljdHVyZS1pbi1waWN0dXJlIiBhbGxvd2Z1bGxzY3JlZW4+PC9pZnJhbWU+

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

MONEY & BUSINESS: Lloyd’s of London records H1 profit of $1.9 billion

Log in with your credentials

Forgot your details?

Thanks!

Subscribe - Real News for Real People - Daily or Weekly Click Here


Send this to a friend