Insight and Intelligence on the Global Facultative Markets

19 May 2012

Lloyd’s energy sector in profit despite 2010 losses

30 March 2011

The energy sector at Lloyd's performed well in 2010, despite a number of man-made losses throughout the year.

The results come at the same time as Lloyd's announced it is reserving $386mn for claims attributable to last year's Deepwater Horizon oil spill, during a press conference today (30 March) for the market's annual report.

According to Lloyd's most of the $386mn loss has already been paid out, as it related to cover provided for the oil rig itself. However some...


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