Lloyd’s sees underlying underwriting improvement as Covid weighs on H1 result
Lloyd’s posted a £438m loss in the first half of 2020 driven by £2.4bn of Covid-19 claims, which added 18% to its combined operating ratio.
The market expects to pay an additional £600m in net claims related to the pandemic through the remainder of the year, bringing the ultimate year-end toll of the virus on Lloyd’s to about £3bn.
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