Lloyd's: Can the market fully recover from the losses in 2011?

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Lloyd's' market performance and underwriting discipline has long been praised by the industry but, after the near unprecedented losses in 2011, many are wondering whether it can fully bounce back.

It came as no surprise to the insurance industry when Lloyd's reported a £516m pre-tax loss in its 2011 full-year results. Given the scale and frequency of catastrophes in Australia, Japan, New

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