Fitch: Lloyd’s capital pressured
Wednesday, 10 25 2017, Category: Insurance and Reinsurance, Country: United Kingdom
Rating agency Fitch remains negative on insurance and reinsurance market Lloyd’s of London, saying that recent catastrophes pose a threat to its capital base.
While recent losses from hurricanes Harvey, Irma and Maria, as well as the Mexican earthquakes and Californian wildfires, remain within expected tolerances, Fitch Ratings says that they “place some pressure on Lloyd’s capital.”
Fitch has affirmed Lloyd’s ratings, following a review of recent catastrophe event impacts, but remains negative on their outlook.