Lloyd’s of London warns of ‘perfect storm’ threat to insurance market

Guardian: The head of the Lloyd's of London insurance market warns today that one more major disaster could plunge the insurance industry into the red this year. Richard Ward will tell a gathering of insurance chiefs that the industry is facing the toughest year he can remember, the Guardian has learned. "It isn't overstating the situation to say that the insurance industry is facing a potential perfect storm this year," Ward says in his keynote speech at the Insurance Day London ......

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