Lloyd’s of London announces its half year results for 2020, but says its in a ’strong solvency position’ despite Covid-19 claims and ongoing pandemic
Lloyd’s of London expects to pay out up to £5bn in Covid-19 customer claims on a gross basis, with £2bn of this figure being reinsured.
It announced a loss of £0.4bn pre-tax for the first six months of 2020, compared to £2.3bn in 2019.
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