Arab Today, arab today lloyd\s of london reports £516m loss
Last Updated : GMT 16:55:59
Arab Today, arab today
Arab Today, arab today

Lloyd\'s of London reports £516m loss

Arab Today, arab today

Arab Today, arab today Lloyd\'s of London reports £516m loss

New York - Arabstoday

Total net claims were £12.9bn, including £4.6bn of catastrophe claims in a year that saw Queensland in Australia devastated by Cyclone Yasi, Christchurch by further earthquakes and Japan by an earthquake and subsequent tsunami. 1,600 tornadoes battered US states in the South and Midwest and Hurricane Irene wreaked havoc on businesses and communities. As the year ended, floods in Thailand caused further devastation, with the third largest individual claim the market has faced after Hurricane Katrina and September 11. Chief executive Richard Ward said in a statement: “Make no mistake, 2011 was a difficult year for the insurance industry ... Given the scale of the claims, a loss is unsurprising.\" However he said it was reassuring that, despite the loss, the market\'s \"financial strength has been maintained”. The £516m loss in 2011 compared with a £2.2bn profit the previous yearThe loss, reflecting the aggregate financial performance of the 80 competing insurance syndicates that make up the Lloyd\'s market, is second only to the £3.11bn deficit it reported for 2001 following the September 11 attacks. Last year was the second costliest on record for the insurance industry after 2005, with global catastrophe claims totalling nearly £70bn, according to Aon Benfield. In August, Lloyd\'s reported a first-half loss of £697m following what it described as its \"costliest six months on record\".

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today lloyd\s of london reports £516m loss Arab Today, arab today lloyd\s of london reports £516m loss

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today lloyd\s of london reports £516m loss Arab Today, arab today lloyd\s of london reports £516m loss

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Girl barred from Malaysia chess competition

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday