Contingency losses cut a swathe through Lloyd’s results
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Contingency losses cut a swathe through Lloyd’s results

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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

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