Belfast Telegraph

Saturday 20 September 2014

Lloyd's surfs Sandy to profit

Specialist insurance market Lloyd's of London returned to profit yesterday despite Superstorm Sandy causing one of the largest claims in its 325-year history.

 The surplus of £2.8bn is in sharp contrast to a year ago, when Lloyd's recorded a loss of £516m in what turned out to be the second most expensive year on record for the industry.

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