Fears for insurance industry
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Sax Riley, chief executive of Sedgwick, Britain's biggest insurance broker, said yesterday that the collapse of Lloyd's of London would be a disaster for the insurance industry worldwide and "an unmitigated tragedy for the UK".
Mr Riley's comments came as he presented Sedgwick's 1994 results, which showed a 34 per cent rise in profits to £94.4m before tax .The underlying growth in brokerage and fees was 3 per cent compared with a 1 per cent underlying increase in expenses, with particulary strong growth from the European and North American businesses.The results were in line with market forecasts and the shares gained 3p to 163p.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments