Our strategy

Our strategy

Advance and protect

Launched in 2026, our five-year strategy will sharpen Lloyd’s financial edge and maximise our unique capital advantage, in order to advance and protect Lloyd’s position as the pre-eminent global marketplace for insurance risk.

The risk landscape demands that a storied institution such as Lloyd’s raises the bar and fulfils its purpose of bringing together the world’s leading risk takers to advance global progress.

Our strategy has four drivers: leading underwriting performance; efficient and flexible marketplace; maximised capital advantage and a Lloyd’s to be proud of.

The strategy is ambitious but executable. It does not rely on moon shots or magic words. It depends on clarity, cohesion and consistent delivery. 

A new strategy for Lloyd's

CEO Patrick Tiernan

Our new strategy is a disciplined, market-led and necessary sharpening of our financial edge.

It focuses on underwriting performance, improving efficiency and maximising our unique capital advantage, to drive improved returns.

Patrick Tiernan, Chief Executive

Video: Introducing our strategy

Our purpose: We bring together the world’s leading risk takers to advance global progress

We have a new purpose designed to create alignment and clarity on the Corporation’s future role.

Our strategy

Our strategy is designed to sharpen our financial edge and meet our vision to be the pre-eminent global marketplace for insurance risk.

Underpinning this ambition are four strategic drivers.

Leading underwriting performance

Sustainable profitability through the cycle remains the primary measure of success. We will promote expertise and underwriting discipline, while remaining bold in embracing emerging risks.

Efficient and flexible marketplace

We will reduce friction, lower costs and create predictable, risk-based oversight so that capital and talent can move at pace.

Maximised capital advantage

Our unique structure allows more insurance risk to be taken per unit of capital than elsewhere. We will protect and advance that advantage to increase returns for the same level of risk.

A Lloyd’s to be proud of

Focus, innovation and talent are not soft ambitions. They are competitive necessities. We will invest where we increase return or relevance, and we will stop doing what does not.
Our ambition

Our ambition

By 2031, Lloyd’s will: 

  • Be recognised as the most capital-efficient marketplace for complex risk.
  • Command a share of wallet proportionate to its inherent strengths.
  • Operate across the full spectrum of commercial and specialty risk.
  • Be predictable, transparent and investable.
  • Retain and attract global talent and sophisticated capital as a matter of course.
  • Sit at the forefront of innovation in underwriting, capital and oversight.
Read the full strategy document

Resources

Download the Lloyd's strategy document
Download the Lloyd's strategy document
Go to the Full Year Results 2025
Go to the Full Year Results 2025