Contingency losses cut a swathe through Lloyd’s results
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
  • Free trial
  • Log in

Contingency losses cut a swathe through Lloyd’s results

Samuel Casey
01 April 2021
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
lloyds-building-london-upview.jpg

The embattled contingency market accounted for almost half of the Covid-19 losses in Lloyd’s in a tumultuous year for the comparatively small line of business. 

Gross contingency claims cost the market £2.9bn ($4bn) in 2020, 47% of the £6.2bn total Covid-19 loss, dragging many syndicates with a large event cancellation presence into the red.

The

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News London market Claims and losses
sam casey/sam casey ii red.png
Samuel Casey
Senior Reporter
Contact
Gift this article