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Hurricane Michael made landfall on the Florida Panhandle overnight on 10 October. This was an intense storm with the third lowest recorded barometric pressure of any hurricane to hit the USA since 1900. Maximum sustained winds were 155 mph, so although it was designated as category four, it was very close to category five which is accorded to storms of 157mph. Given this intensity, Michael continued with hurricane force winds as it made its way inland, passing over Northern Florida and into Georgia.


The Lloyd’s market made a profit of £588m in the six months to the end of June 2018. The combined ratio (net incurred claims and operating expenses expressed as a proportion of net earned premiums) was 95.5%.

Headline figures are as follows:



6 months to 30.6.2018

6 months to 30.6.17

12months to 31.12.17