Lloyd’s of London have released their 2016 annual results to show a pre-tax profit of £2.1billion. Hurricane Matthew and the Fort McMurray wildfire contributed to the £2.1bn major claims total, the 5th highest since 2000. Inga Beale, CEO of Lloyd’s of London noted the year had been a challenging one however Lloyd’s continues to be rated A (excellent) by A.M. Best, AA- (very strong) by Fitch and A+ (strong) by Standard & Poor’s.
Full details of Lloyd’s annual results 2016 can be found at: www.lloyds.com/annualreport2016
