Lloyd's losses expected to approach £1bn as catastrophes bite

Claims coming into Lloyd’s are expected to top £10bn which is way in excess of the £3.4bn suffered in the wake of the September 11 attacks and more than double the £4.2bn that was paid out following hurricanes Katrina and Wilma in 2005.

According to the Telegraph, despite the scale of the claims, City analysts will be comforted by the market's resilience given that it is not expected to have been forced to draw on its central fund.

Among the other major claims to hit Lloyd's last year will be

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: