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Lloyd's reports £103m loss for 2005

Lloyd's this morning reported a loss of £103m for 2005 (2004: £1367m) and a deterioration in the market's combined ratio to 111.8% (2004: 96.6%).

In a statement the market said net claims of £3309m from "most severe hurricane season on record" will be met with negligible impact on Central Fund.

It added the market loss was limited to £103m

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