Lloyd’s struck by £2bn loss from nat cats
Lloyd’s of London has been hit by a £2bn loss owing to an “exceptionally difficult year” of natural catastrophes.
In its full year results, the market said major claims were £4.5bn, up from £2.1bn the previous year. That resulted in a pre-tax loss of £2bn, from a profit equivalent of £2.1bn in 2016.
As a result
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