Howden Re’s Lloyd’s market report

Howden Re has published a report which provides insights on the Lloyd’s market based on the latest annualised reported results.

The key takeaways are the following:

• The Lloyd’s market delivered profitable underwriting in 2025, supported by strong capital inflows, despite increased competition. This was led by strong results in property and reinsurance lines, while casualty lines faced pressure from claims inflation.
• Growth was driven primarily by increased premium volumes and new market entrants, with stamp capacity continuing to expand across both established and new syndicates.
• A benign catastrophe loss environment in 2025 supported overall market returns.
• Lloyd’s is undergoing a strategic shift toward greater capital efficiency and operational improvement, enhancing its attractiveness as a global insurance marketplace.
• Global growth remained broad-based, with strong expansion in regions such as the Nordics and Latin America, while North America and Europe continue to anchor Lloyd’s core business.

If you wish to read the full article a link is here