The Daily Telegraph

Lloyd’s of London profits jump despite airline disaster payouts
The Daily Telegraph

The Lloyd’s of London insurance market has posted a leap in profits despite warning of a sudden escalation in airline disaster costs.

During one of the quietest periods in its history for natural catastrophes, a string of airline tragedies including the downing of flight MH17 in Ukraine is expected to make this year the most expensive for aviation insurers since the 9/11 attacks in 2001, Lloyds said.

Losses in the aviation segment are estimated at $600m in the first six months of the year, according to Lloyd’s. However, thanks to a dearth of large natural disasters/span>, total claims were down 12% and pre-tax profit rose 21pc to £1.67bn during the period, Lloyd’s said.

“It’s been a relatively benign period for natural catastrophes so we have a lot of capital stored up coming into the US storm season,” Nelson said.

Après Warren Buffett, c’est au tour de la Lloyd’s de dire que les catastrophes naturelles n’ont pas affecté les profits des compagnies d’assurance. Pourtant, tous les réchauffistes nous annoncent la fin du monde depuis plusieurs années… Une autre de leur prédiction qui ne s’est pas matérialisée…