Sustained losses at the Lloyd’s of London marine market are casting a shadow over otherwise positive results at two protection and indemnity mutuals, according to London-based insurance broker Wilson Europe.
Wilson has taken a close look at Skuld and Standard Club, both of which have entered the Lloyd’s market over recent years.
Wilson said there is a “question mark” hanging over Skuld’s Lloyd’s future results, while the broker said it is “sceptical” of the Standard Club’s promise that its syndicate could turn a profit.
