Lloyd’s, the world’s leading marketplace for commercial, corporate and specialty risk, today announced that claims to the Lloyd’s market arising from Hurricane Ian are estimated to be in the range of US$2.3bn - US$3bn net of reinsurance, based on Q3 data provided by Lloyd’s syndicates.
Lloyd’s estimates its net market share of the total industry loss will be 3-5%. This is within Lloyd’s range of modelled outcomes and has no impact on Lloyd’s solvency position.