Losses from 'major event' in Ukraine will take time to evaluate, says Neal as Lloyd's posts underwriting profit
The Russian invasion of Ukraine will be a major event for the insurance market but the losses will take a long time to evaluate, Lloyd’s CEO John Neal has said.
Neal made the comments on Thursday as Lloyd’s unveiled its full-year results for 2021, which included its first underwriting profit in five years.
While the market writes limited business in the
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