Lloyd's has confirmed that its syndicates have made cash calls totalling £564m to help pay claims from the 1998 to 2001 period, including the World Trade Centre disaster.
Lloyd's has confirmed that its syndicates have made a cash call for £564m to help pay claims from the 1998 to 2001 period, including the World Trade Centre disaster.
The latest call means the market's members will have contributed an extra £1.34bn of cash since September 2001.
Lloyd's had already asked investors for £780m in September.
A cash call is a mechanism used by Lloyd's members, both corporate and private, to transfer capital to the syndicates they back.
The cash call will cost Lloyd's individual investors, Names, £33,000 pounds each, on average. September's cash call cost them £46,000 each, on average.
Approximately £284m of the latest cash call is likely to go towards paying WTC claims, with the remaining £280 needed for claims from 1999 or earlier.
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