Lloyd's details coronavirus impact as it posts 2019 profits
The insurance industry must get better at explaining the products it offers, Lloyd’s CEO John Neal said, as the market’s aggregated results for 2019 showed it returning to profit on the back of large investment earnings.
Echoing the Association of British Insurers’ statement last week, Neal was blunt in asserting most business interruption policies didn’t provide cover for the current coronavirus pandemic.
He said:
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