The Lloyd's building, home to Lloyd's of London. The world's largest insurance market swung into loss in 2022, although underwriting profits soared. Getty
The Lloyd's building, home to Lloyd's of London. The world's largest insurance market swung into loss in 2022, although underwriting profits soared. Getty

World

UK

Interest rate rises force Lloyd's of London into loss

Rate increases by central banks in 2022 pushed Lloyd's insurance into overall loss, but underwriting remained strong

Matthew Davies
Matthew Davies
London

March 23, 2023

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