Analysts at S&P Global Ratings have suggested that the Society of Lloyd’s will report a combined ratio of around 95% at the year-end of 2022, anticipating the same for 2023.
The rating agency noted that this prediction takes into account Lloyd’s combined ratio of 91.4% at half-year 2022, while also considering the reserving of £1.1 billion for the Russia-Ukraine conflict and £2.2 billion for Hurricane Ian