The five-year cover is financed by J.P. Morgan as well as other reinsurers including Berkshire Hathaway and Swiss Re.
($1 = 0.7152 pounds)
(Reporting by Yadarisa Shabong in Bengaluru; Editing by Shailesh Kuber)
(Reuters) - Insurance market Lloyd's of London has obtained a 650-million pound ($909 million) cover to protect its backup central fund against possible high-risk events that could cause losses, it said on Thursday.
The five-year cover is financed by J.P. Morgan as well as other reinsurers including Berkshire Hathaway and Swiss Re.
($1 = 0.7152 pounds)
(Reporting by Yadarisa Shabong in Bengaluru; Editing by Shailesh Kuber)
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5d. change
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Capi.
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612,159 USD | -0.21% | +1.22% | 878B | ||
99.5 CHF | -1.24% | +1.53% | 32.01B | ||