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Lloyd's of London sees 'large loss' on Suez drama

Lloyd's of London sees 'large loss' on Suez drama
The blockage of the Suez Canal for nearly a week will result in a “large loss” for Lloyd’s of London, its chairman said on Wednesday, as the insurance market recorded a 900 million pound ($1.2 billion) pretax loss in 2020 due to the COVID-19 pandemic.

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