The market reports a £2.5bn return to profit and improved underwriting performance, but the pandemic is already taking its toll hitting assets and refocusing future priorities. CEO John Neal says the outbreak will change the world and ways of working forever. Intelligent Insurer reports.
Lloyd’s had some exposure to event cancellation “but not as big as the Munich Res and Swiss Res of this world”, it is “not our overarching issue”. John Neal, CEO of Lloyd's of London.
· Pandemic narrows focus for Future of Lloyd's strategy
· COVID-19 hits Lloyd's assets hard
· Leaders engage with UK government for new Pandemic Reinsurance
· Lloyd's Neal on the Aon/Willis merger
Neal takes a pragmatic approach as the ‘coronacrisis’ prompts a priority review for the Future of Lloyd’s modernisation strategy.
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