Insurance market Lloyd's dives into red on catastrophes

Insurance market Lloyd's dives into red on catastrophes
London (AFP) Sept 21, 2011 -
The Lloyd's of London insurance market said Wednesday that it dived into first-half losses due to an unprecedented number of major natural catastrophes including the Japanese earthquake and tsunami. The company made a pre-tax loss of Pounds 697 million ($1.09 billion, 800 million euros) in the six months to the end of June, Lloyd's said in a results statement, as it was hit by soaring claims. ... more

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