Lloyd’s of London, often referred to today simply as Lloyd’s, is an insurance and reinsurance marketplace. Its members operate as syndicates to provide insurance coverage for businesses ...

Lloyd’s reported an overall profit before tax of £4.9bn, up from the figure of £3.9bn reported in the same period of 2023. Gross written premiums rose to £30.6bn, up from £29.3bn in 2023.

But Lloyd’s of London is trying to turn off the financial spigot by having the policy voided. Coming off a record year for profits, the chief executive of Lloyd’s of London said Wednesday that ...