LONDON, MAY 1 – The Lloyd's of London insurance market said there had been no change to its expected financial performance this year thanks to a lack of major claims during the first quarter.
Last year, the 324-year old insurance market swung to a 516 million pound ($834 million) loss, its second worst ever, after absorbing record claims from a spate of natural disasters including Japan's Tohoku earthquake and Thailand's worst floods in half a century.
The insurance industry as a whole took a $116 billion hit from natural catastrophes, making it the sector's second worst natural disaster year on record, according to reinsurer Swiss Re .
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