S&P expects this underwriting discipline to continue, along with ongoing expense reduction strategies and excellent capitalization levels. Lloydâ's programs focused on digitalization and simplifying claims handling have been successful in modernizing the marketplace.
Chief Financial Officer Burkhard Keese expressed optimism about the upgrade, highlighting the progress made in improving performance and strengthening Lloydâ's balance sheet.
This upgrade is seen as a positive indicator for customers, the market, and investors, signaling a strong financial outlook for Lloyd’s in the coming years.
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