Lloyd’s Insurance says it will be able to handle disaster claims

Llyod

Lloyd’s of London has said it will have no problems dealing with the Japanese earthquake. The company has said it is confident that there is enough capital in the Lloyd’s chest to withstand forthcoming payouts of up to 45 billion euros. Lloyd’s has said it will give first estimates of how much the quake will actually cost it by May.

The world insurance market is made up of over 70 competing insurance and reinsurance syndicates who provide disaster cover. Sector leaders Munich Re and Swiss Re are also expected to be highly exposed to claims resulting from the earthquake

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