Natural disasters also 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 losses had included hurricanes Florence and Michael , California ’s hurricane and today ’s Typhoon disaster . The Lloyd 's market saw £ 2.9bn in natural disaster insurance claims this year . CEO John Neal was confident 2019 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.