Lloyd’s of London Reviews Marine Insurance Market as Losses Mount

Lloyd's underwriting profit

Lloyd’s of London Ltd., a syndicate that controls about a fifth of the global marine insurance market, is reviewing a number of loss-making members of its marine unit, a move that could drive up costs for insuring the world’s ocean carriers. The review comes after a loss of $2.6 billion at Lloyd’s last year and… Continue reading Lloyd’s of London Reviews Marine Insurance Market as Losses Mount