Lloyd’s major claims more than triple in 2020 to £6bn
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Lloyd’s major claims more than triple in 2020 to £6bn

Business closed sign Covid.jpg
Photo: Alamy

The total bill for major claims in the Lloyd’s market more than tripled in 2020 to £6bn ($8.2bn), with Covid-19 accounting for just under 60% of the losses.

Claims relating to the coronavirus net of reinsurance cost £3.4bn, and were concentrated in lines including event cancellation, property D&F, property treaty and political risk.

The

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Gift this article