Lloyd’s posts £516m loss in 2011 fueled by record £4.6bn cat claims
Ben Norris, LondonMarch 29, 2012
The market incurred total net claims of £12.9bn (€14.8bn) last year with a combined ratio of 106.8%, up from 93.3% in 2010. Lloyd’s Chief Executive Richard Ward said: “Make no mistake, 2011 was a difficult year for the insura...
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Ben Norris, LondonMarch 29, 2012
