Members have put up new assets to support their underwriting including the estimated net claims arising from the major catastrophes that struck in the third quarter, principally from the Atlantic Windstorms Harvey, Irma and Maria.

Approximately £3bn of additional capital has been provided to restore the capital resources of the Lloyd’s market to the level prior to the Q3 2017 loss events and also cover changes in capital requirements for 2018 underwriting.

No syndicate has ceased trading due to the storms and there is Nil impact on the Central Fund that underpins all policies written at Lloyd’s.