PRESS RELEASE
11 March 2024
Lloyd’s Market Association and Insurance Capital Markets Research to release report on Lloyd's record-breaking results
London, 11 March 2024: The Lloyd’s Market Association (LMA) and Insurance Capital Markets Research (ICMR) intend to unveil a comprehensive report into Lloyd’s results following the publication of all the syndicates’ accounts on 28 March 2024. The report promises valuable insights into Lloyd’s and syndicates’ accounts.
Lloyd’s recently announced its best ever profit of more than £11bn which sets it on course to achieve its best return on capital for over 15 years.
For a snapshot analysis of Lloyd’s preliminary 2023 Full Year financial results, visit the LMA website.
The full report will delve into performance of syndicates and segments of the market by size and line of business, as well as benchmarking the market’s performance against liquid specialty (re)insurance investment and catastrophe bond indices.
Paul Davenport, Finance & Risk Director at the LMA, said: “Lloyd’s results this year have been exceptional, and this collaborative report with ICMR underscores our commitment to providing our members with valuable insights into Lloyd’s performance.”
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Notes to Editors
Media relations contacts
LMA:
Carole Porter, Head of Communications | +44 (0)20 3307 3947 | Email: carole.porter@lmalloyds.com
H/Advisors Cicero:
Sian Bradshaw | +44 (0) 772 838 2373 | Email: lma@cicero-group.com
About the Lloyd’s Market Association (LMA)
The Lloyd's Market Association (LMA) exists at the very heart of Lloyd's, a world-leading global marketplace for complex risk where solutions to challenges are delivered every day. All 55 Lloyd's managing agencies, with a total market stamp capacity of approximately £52.6bn in 2024, and all Lloyd's members' agents, are members of the LMA.
We represent our members' interests to organisations including governments, regulators, and the market's central supporting body, the Corporation of Lloyd's. We provide professional and technical expertise in areas ranging from model policy wordings to the implementation of innovative technologies. We connect with our members to identify and resolve issues facing the market, and work in partnership with Lloyd's and the other market associations to influence initiatives and outcomes. We operate the market's most comprehensive technical education service, the LMA Academy. For more information visit: www.lmalloyds.com
About Insurance Capital Markets Research (ICMR)
Insurance Capital Markets Research (ICMR) is a quantitative research consultancy that provides independent insights on the global specialty (re)insurance industry. Our team of industry experts has a proven track record of delivering valuable research that helps clients make informed decisions.
ICMR was founded by Lloyd’s former heads of analysis and research who also worked together in the capital markets and insurance linked securities. ICMR was established in early 2020 and launched the RISX Index with Morningstar in 2021. For more information visit https://insurancecapitalmarkets.com.