Lloyd's stung by £516m loss
Lloyd's has revealed a pre-tax loss of £516m in its full year results following the "second costliest year" for catastrophes in the industry.
This is a far cry from a pre-tax profit of £2,195m in 2010.
Lloyd's combined operating ratio was 106.8%m compared to 93.3% in 2010, although it claims the 2011 COR is in line with an estimated average
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