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Lloyd’s improves ‘underlying performance’ – AM Best

By 2022-09-13T10:07:00

lloyds building

Lloyd’s turned a corner in 2021, according to senior director.

Lloyd’s of London has bettered its “underlying performance” over the last year due to “improving market conditions” and “very robust oversight”, according to Catherine Thomas, senior director of analytics at credit ratings agency AM Best.

Addressing delegates at Monte Carlo’s Rendez-Vous de Septembre conference on 11 September 2022, Thomas explained that “over the past five years, we have seen performance that is below our expectations” when it comes to the Lloyd’s market.

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