The company’s Chairman Bruce Carnegie-Brown told CNBC on Thursday that Lloyd’s’, whose results are an aggregate of more than 90 syndicate members, expects to pay around £5 billion in coronavirus-related claims over the course of the year.
Insurers around the world have been hammered by the pandemic, with Lloyd’s estimating earlier this year that non-life insurers would face a global bill of more than $100 billion in payouts for disruption to travel, business, events, trade and more.
The interior of Lloyd’s of London, the centuries-old insurance market, is pictured in central London on April 27, 2016.
Leon Neal | AFP | Getty Images
Insurance marketplace Lloyd’s of London posted a first-half pre-tax loss of £400 million ($520.08 million) on Thursday, on the back of £2.4 billion in coronavirus-related payouts so far this year.
