Lloyd's of London
Insurance market located in the City of London
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| 2023 | Lloyd's reported an impressive financial performance with an underwriting profit of £5.91bn and a £4.75bn gain on investments, resulting in a pre-tax profit of £10.66bn. This marked a significant turnaround from the previous year's pre-tax loss of £769m. |
| 2023 | Lloyd's operated with 78 syndicates managed by 51 managing agencies, writing £52.1bn in gross premiums through 381 registered brokers. |
| 2022 | Lloyd's experienced significant challenges, including a pre-tax loss of £769m and major losses attributed to Hurricane Ian, which impacted the market's financial performance. |
| 2021 | The insurance market generated £39,216m in gross premiums and achieved a pre-tax profit of £2,277m with a combined ratio of 93.5%. |
| 2021 | Lloyd's reached 4,054 coverholders, marking a significant growth in their network of local insurance representatives worldwide. |
| November 20 2021 | Richard H. M. Outhwaite, after years of litigation, died in Guernsey. |
| 2020 | COVID-19 pandemic resulted in the first ever temporary closure of the Lloyd's building, an unprecedented event in its long history. |
| 2020 | During the COVID-19 pandemic, Lloyd's recorded a pre-tax loss of £887m with a high combined ratio of 110.3% on £35,466m gross premiums. |
| 2020 | Following the George Floyd protests, Lloyd's issues a formal apology for its historical involvement in the 18th and 19th-century slave trade. |
| 2019 | Lloyd's maintained stable performance with £35,905m in gross premiums and a pre-tax profit of £2,532m. |
| 2018 | The insurance market experienced a pre-tax loss of £1,001m with a combined ratio of 104.5% on £35,527m gross premiums. |
| 2018 | John Neal became the chief executive officer of Lloyd's, serving from 2018 to the present. |
| 2017 | Atlantic hurricanes and destructive California wildfires caused Lloyd's market to report a 114 percent combined ratio result. |
| 2017 | Bruce Carnegie-Brown becomes Chairman of Lloyd's, serving from 2017 to the present time. |
| 2016 | The insurance market returned to profitability with £2,107m pre-tax profit and a combined ratio of 97.9% on £29,862m gross premiums. |
| 2015 | Lloyd's continued strong performance with £2,122m pre-tax profit and a combined ratio of 90.0% on £26,690m gross premiums. |
| 2014 | The insurance market achieved a pre-tax profit of £3,161m with the lowest combined ratio of 88.1% on £25,283m gross premiums. |
| 2014 | Names with unlimited liability provide just 2% of the overall capacity at Lloyd's, signaling the near-complete transition away from the traditional individual unlimited liability model. |
| 2014 | Lioncover was voluntarily dissolved after distributing residual funds to surviving PCW Names or donating to the Lloyd's Charities Trust. |
| 2013 | Inga Beale was appointed as the chief executive officer of Lloyd's, serving from 2013 to 2018. |
| 2012 | Crowe and Cotesworth liabilities were novated to Riverstone, reducing Centrewrite's remaining liabilities. |
| 2011 | The Lloyd's building became a listed building, recognizing its architectural and historical significance. |
| 2011 | The 1925 Lloyd's building facade became a listed building, preserving its historical architectural significance. |
| 2011 | Individual Names provide only 11% of Lloyd's market capacity, with UK-listed and corporate members contributing 30%, reflecting a dramatic change in the market's membership structure. |
| 2011 | John Nelson takes over as Chairman of Lloyd's, serving from 2011 to 2017. |
| 2011 | Centrewrite stopped writing 'estate protection plans'. |
This contents of the box above is based on material from the Wikipedia article Lloyd's of London, which is released under the Creative Commons Attribution-ShareAlike 4.0 International License.