Lloyd's on track for sub-95% CR despite potential $40bn Ida loss
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Lloyd's on track for sub-95% CR despite potential $40bn Ida loss

Rachel Dalton
27 October 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
Lloyds building.jpg

Lloyd’s is still on track for a sub-95% combined ratio for 2021, despite surprisingly high losses from Winter Storm Uri, Bernd and Hurricane Ida, according to CEO John Neal.

Speaking at an online event hosted by Aon, Neal noted that Uri was an “unusual event” for Texas and said Ida “could be a $40bn cat”, exceeding most recent estimates of the event that struck Louisiana and the north-eastern...

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsLloyd'sResults
rachel dalton/rachel dalton ii ils.png
Rachel Dalton
Lead Reporter
Contact
Gift this article