Lloyd's growth slowed by US terrorist attacks
Ratings agency Standard & Poors has warned growth at Lloyd's may be hindered because of the financial...
Ratings agency Standard & Poors has warned growth at Lloyd's may be hindered because of the financial strain placed on it by insurance claims from the US terrorist attacks.S & P also predicted that the London insurance market's results for 2001 would be 'very poor'. The caution came after S & P downgraded the Lloyd's rating from A+ to A last week with the view that Lloyd's will bear a large part of the cost of the devastation in New York and Washington.
Lloyd's has insisted that its
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