"We have implemented stronger performance management measures which will remain an enduring featuring of how we go about our business," Lloyd's CEO John Neal said in a press release. (Photo: The Associated Press/Alastair Grant) “We have implemented strongerperformance management measures which will remain an enduringfeaturing of how we go about our business,” Lloyd's CEO John Nealsaid in a press release. (Photo: The Associated Press/AlastairGrant)

Despite investment uncertainty and a year riddled with costly naturalcatastrophes, Lloyd's reported an aggregated market loss of$1.3 billion in 2018, close to half the aggregated market loss in2017.

Hurricanes Florence and Michael, Typhoon Jebi in Japanand wildfires in California led to major claims,costing Lloyd's market $3.9 billion, which contributed to acombined ratio of 104.5% in 2018. Despite this, its total assetsgrew by 9% to $149.9 billion, its net resources increased by 2% to$35.8 billion and its central assets alsosaw growth of 8% to $4.1 billion.

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Denny Jacob

Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected].