Since its first Australian venture insuring a merchant vessel in 1860, Lloyd’s has become a guiding force in the Australian insurance market. Today, Lloyd’s is licensed to write insurance and reinsurance business under the Australian Insurance Act 1973. In 2014, Lloyd’s underwriters wrote over A$2bn of business in Australia, making Lloyd’s the fifth largest non-life insurer in the Australian market.
Lloyd’s, the world’s specialist market for insurance and reinsurance, today announced a profit of $3.1bn for 2015. The results demonstrate Lloyd’s continuing financial strength and sound market-wide performance despite a turbulent macro-economic backdrop.
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