Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Lloyd's secures $909 million cover for backup central fund

06/17/2021 | 05:00am EDT
FILE PHOTO: A man walks out of Lloyd's of London's headquarters in the City of London

(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)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BERKSHIRE HATHAWAY INC. 0.67% 422308.81 Delayed Quote.21.42%
SWISS RE LTD -0.07% 83.68 Delayed Quote.0.48%
Latest news "Economy & Forex"
05:43pCOST OF A DATA BREACH : Behind the Numbers of a Cybersecurity Response Plan
PU
05:34pThe WSJ Dollar Index Falls 0.09% to 87.27 -- Data Talk
DJ
05:34pEuro Gains 0.13% to $1.1818 -- Data Talk
DJ
05:34pSterling Gains 0.43% to $1.3876 -- Data Talk
DJ
05:33pDollar Lost 0.54% to 109.79 Yen -- Data Talk
DJ
05:28pMoody's says expects mexico’s gdp to increase 5.6% in 2021 and 2.9% in 2022, as the economy benefits from faster us growth
RE
05:26pMoody's says fatality rate remains very high in mexico at above 9%, well above that of peer countries and the third highest in the world, which points to inadequacies in the mexican public health system
RE
05:26pLIVESTOCK-Profit-taking drags down CME livestock futures
RE
05:25pMoody's says although vaccinations are increasing, mexico is unlikely to meet the threshold for herd immunity by the end of 2021
RE
05:24pMoody's says mexican mortgage lending is rebounding and now accounts for a larger share of consumer credit than personal loans
RE
Latest news "Economy & Forex"