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Lloyd’s of London’s reserving for Ukraine crisis is a 'sensible reserve position’

By 2022-09-12T15:16:00

financial reserving

Lloyd’s had arrived at its reserving figure for Ukraine-related claims via a ’probability weighted exposure reserving method’, says chief financial officer

The Lloyd’s market’s chief executive John Neal said that it had reserved a figure of £1.1bn for losses relating to the war in Ukraine.

Speaking during the release of Lloyd’s of London’s H1 2022 financial results last week (8 September 2022), Neal said that this “early and realistic approach” to reserving had allowed the market to maintain an “exceptionally strong capital position”.

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