Further Lloyd's loss
Lloyd's closed its 2001 underwriting year on 31 December 2003 with £3.5bn gross claims from the atta...
Lloyd's closed its 2001 underwriting year on 31 December 2003 with £3.5bn gross claims from the attacks on the World Trade Center. The overall bottom-line loss for the market is expected to be in the region of £1.6bn, an improvement on last year's £2.4bn. Lloyd's specialist Neil Coulson, partner in accountant Littlejohn Frazer's insurance division, believes that 2001 will mark the last of Lloyds' five loss-making years.
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