Sun May 17, 2020, 12:08 PM

Lloyd's of London Faces Historic Losses from the Pandemic

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2 replies	Author	Time	Post
Lloyd's of London Faces Historic Losses from the Pandemic (Original post)	TheBlackAdder	May 2020	OP
That's what happens when you "insure" things.	Laelth	May 2020	#1
Lloyds CEO in a	Wellstone ruled	May 2020	#2

Response to TheBlackAdder (Original post)

Sun May 17, 2020, 12:16 PM

Laelth (31,820 posts)

1. That's what happens when you "insure" things.

None of us can safely predict the future.

-Laelth

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Response to TheBlackAdder (Original post)

Sun May 17, 2020, 01:12 PM

Wellstone ruled (34,661 posts)

2. Lloyds CEO in a

Bloomberg Interview on Thursday AM,stated they will be requiring their Investor's to anti up a significant amount of money to cover their losses,both Pandemic and Business wise. Also said,Business Insurance Rates are going to be hiked and we are looking at a two to five recovery,all depending on if the Virus regenerates in the coming months.

This is the DU member formerly known as Wellstone ruled.

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