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

Samuel Casey
31 March 2021
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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

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Samuel Casey
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