News Non-Life28 Mar 2019

$1.3bn of aggregated market losses for Lloyd's

Following a plan of action addressing reputation-damaging reports of sexual harassment in the Lloyd's market, the market has disclosed another year of losses. It saw a $1.3bn of aggregated market losses in 2018, a slight improvement from its $2.25bn losses in 2017. Lloyd's attributes the 2018 loss to a volatile investment environment and costly year due to several large natural catastrophes, including hurricanes Florence and Michael, typhoon Jebi in Japan as well as the Californian wildfires.

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