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Lloyd’s of London bleeds red after paying £6.2bn in COVID claims

March 31, 2021

Via: Sky News

It revealed that gross payouts linked to COVID-19 disruption were expected to have topped £6.2bn for the year as a whole – almost a record for a single event and on a par with the cost from the 9-11 terror attacks in 2001.

The market said this was because £2.6bn of the sum was re-insured and limited the financial damage.

The previous year had delivered £2.5bn in profits.

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