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Lloyd's takes $2.2bn hit for Thai floods

Lloyd's of London estimates its net claims from the flooding in Thailand last year to be $2.2bn.

The current net estimate is consistent with an industry loss of $15-20bn.

The market said these events are not expected to give rise to any material claims on the central fund or to any material

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A year after McLarens reshaped its senior team, the loss adjuster has made more changes to the top team as it aims for expansion and to “build on strong regional momentum.”

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