City of London 'major player' in insurance industry
The Lloyd's of London insurance market has reported a half year loss of nearly £700m - compared with a profit of £628m in the same period last year.
It has been an expensive time for the industry with a string of natural disasters around the globe - resulting in £2.4bn worth of claims.
Craig Scarr, is head of the insurance auditing and consulting firm, Mazar and he explains why Lloyds of London feels the brunt of global disasters.
21 Sep 2011
- From the section Business