Property cat makes up 42% of Lloyd’s major claims tally

Fiona Robertson,

31 March 2021

A photograph of the Lloyds Building in London from ground up

Lloyd’s took £2.5bn of catastrophe losses within its £6bn major-claims toll in 2020, as the property insurance toll overtook worsening property-reinsurance losses.

Covid-19 losses made up nearly 60% of the major claims, with £6.2bn of gross losses offset by £2.6bn of reinsurance recoveries.

However,

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Topics

News Results Lloyd's

Fiona Robertson

Editor-in-Chief

Samuel Casey

Senior Reporter