Although losses from natural catastrophes had been low in recent years, including in the first half, that is set to change in the second half of the year, Lloyd
LONDON: Lloyd’s of London expects net losses of US$4.5bil from hurricanes Harvey and Irma, which analysts said would eat into the insurer’s capital and hit its profitability.
Although losses from natural catastrophes had been low in recent years, including in the first half, that is set to change in the second half of the year, Lloyd’s chief executive Inga Beale said following yesterday’s results.
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