COVID-19 will see historic losses across the global insurance industry

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      <subfield code="a">COVID-19 will see historic losses across the global insurance industry</subfield>
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      <subfield code="a">Lloyd's, the world's leading (re)insurance market, today revealed that it will pay out in the range of $3bn to $4.3bn to its global customers as a result of the far-reaching impacts of COVID-19. This is on a par with 9/11 in 2001 and the combined impact of hurricanes Harvey, Irma and Maria in 2017, all of which led to similar pay outs by the Lloyd's market. These losses could rise further if the current lockdown continues into another quarter.</subfield>
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