Lloyd’s expects to pay £5bn for COVID-19 customer claims

Underlying market performance improves substantially Lloyd’s of London confirmed on Thursday that it expects to pay out up to £5 billion in COVID-19 customer claims, with the publication of its 2020 Half Year Results. In the first six months of 2020, Lloyd’s COVID-19 claims after reinsurance recoveries totalled £2.4 billion, driving an overall market loss