Based on Q3 data provided by Lloyd’s syndicates, Lloyd’s, the world’s leading marketplace for commercial, corporate, and specialty risk, today announced that claims to the Lloyd’s market arising from Hurricane Ian are estimated to be in the range of $2.3bn – $3bn net of reinsurance.
Lloyd’s predicts that its net market share of the total industry loss will be between 3-5%. This is within Lloyd’s expected range of outcomes and has no bearing on Lloyd’s solvency position.
“Our thoughts are first and foremost with all those affected by this year’s devastating events, and as always, Lloyd’s stands ready to support its customers through these difficult times.””To provide transparency to the market, we are providing a claims estimate figure for Hurricane Ian outside of our normal financial reporting cycle, and we will report our 2022 year-end financial results in March 2023,” said Burkhard Keese,