Lloyd's top brass warn on “deteriorating and worrying trend” of unprofitable underwriting


John Nelson and Inga Beale, the chairman and chief executive of Lloyd’s respectively, have warned that the solid performance the market has enjoyed this year, barring any major catastrophe claims in the next two weeks, simply masks a deteriorating and worrying trend: that current year underwriting is not profitable in aggregate at the moment.

Lloyd's, Inga Beale, John Nelson, Insurance, Catastrophe, London, UK

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