Attritional Losses Take Their Toll at Lloyd’s, Along with 2017’s Natural Catastrophes

The Lloyd’s market’s pre-tax loss of £2 billion (US$2.8 billion) in 2017 was partly due to hurricanes and wildfires in the third and fourth quarters. But these losses were exacerbated by the continued deterioration in its attritional, or non-catastrophe losses …

from News – Insurance Journal