Lloyd’s Gathers Business Interruption Data for UK Regulator
It asked its members to provide data for the regulators by April 24, it said in a “Dear CEO” letter sent to members on Friday.
Lloyd’s also said it was talking to the UK finance ministry, regulators and business partners about a “Pandemic Re” government backstop and would publish preliminary estimates of the impact of COVID-19 on its members in early May.
Insurers including Lloyd’s of London member Hiscox have come under fire from businesses for not paying out following lockdowns around the world due to the pandemic.
(Reporting by Carolyn Cohn, editing by Huw Jones)
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