Kennyboy
2021-03-31
Hmm
COVID-19 pushes Lloyd's of London to $1.2 billion loss in 2020
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Insurers typically increase rates after experiencing large losses.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>COVID-19 pushes Lloyd's of London to $1.2 billion loss in 2020</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCOVID-19 pushes Lloyd's of London to $1.2 billion loss in 2020\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-31 14:41 GMT+8 <a href=https://www.reuters.com/article/us-lloyd-s-of-london-results/covid-19-pushes-lloyds-of-london-to-1-2-billion-loss-in-2020-idUSKBN2BN0MF><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON (Reuters) - The coronavirus pandemic pushed Lloyd’s of London to a 900 million pound ($1.24 billion) pre-tax loss in 2020, compared with a 2.5 billion pound profit in 2019, the commercial ...</p>\n\n<a href=\"https://www.reuters.com/article/us-lloyd-s-of-london-results/covid-19-pushes-lloyds-of-london-to-1-2-billion-loss-in-2020-idUSKBN2BN0MF\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/477bc3b204748880013b68ef7f10bd30","relate_stocks":{},"source_url":"https://www.reuters.com/article/us-lloyd-s-of-london-results/covid-19-pushes-lloyds-of-london-to-1-2-billion-loss-in-2020-idUSKBN2BN0MF","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124366935","content_text":"LONDON (Reuters) - The coronavirus pandemic pushed Lloyd’s of London to a 900 million pound ($1.24 billion) pre-tax loss in 2020, compared with a 2.5 billion pound profit in 2019, the commercial insurance market said on Wednesday.\nThe 330-year old market, home to around 100 syndicate members, expects to pay out 3.4 billion pounds in 2020 COVID-19 claims net of reinsurance, it said in a statement.\nLloyd’s CEO John Neal said 2020 had been “an extremely challenging year marked by a global health crisis of a scale never seen before”.\n“The year was also marked by a high frequency of natural catastrophe claims and the UK’s formal exit from the EU, driving further losses and uncertainty,” he added.\nGross written premiums declined by 1.2% to 35.5 billion pounds in the specialist insurance market - which covers everything from oil rigs to footballers’ legs - after Lloyd’s scaled back some loss-making business lines last year.\nBut Lloyd’s said premium rates had risen 10.8% last year and rate rises had continued into 2021. 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