Natural disasters helped lead to a second consecutive year of losses for Lloyd’s of London, which has reported a £1bn ($1.3bn) loss for 2018. The insurance market said disasters had included hurricanes Florence and Michael, California’s wildfires and Japan’s Typhoon Jebi. The Lloyd's market saw £2.9bn in natural disaster related claims 2019. CEO John Neal was confident this year plans would put Lloyd’s back in profit.
Natural disasters helped lead to a second consecutive year of losses for Lloyd’s of London, which has reported a £1bn ($1.3bn) loss for 2018. The insurance market said disasters had included hurricanes Florence and Michael, California’s wildfires and Japan’s Typhoon Jebi. The Lloyd's market saw £2.9bn in natural disaster related claims this year. CEO John Neal was confident 2019 plans would put Lloyd’s back in profit.