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9 Sep 6:02am

Lloyd’s of London makes £1.4bn profit as it bounces back from Covid losses

The Guardian
Insurer paid out £9.4bn in claims during first-half and sets target for ethnic minority staff levels Lloyd’s, the world’s biggest insurance market, has moved back into profit as a stronger underwriting performance helped it bounce back from last year’s Covid-19 losses, and announced an imminent target for ethnic minority representation across the market. Lloyd’s made a pre-tax profit of £1.4bn in the first six months of the year compared with a £438m loss a year earlier. It paid out £2.2bn for Covid-19 losses, slightly less than £2.4bn in the first half of last year. For
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