Harvey raises spectre of Lloyd's 2017 underwriting loss

Lloyd's exposure to Hurricane Harvey through binders and cat
treaty business is prompting questions about whether the market
could be set to record its first full-year underwriting loss since
2011.
Lloyd's last reported a full-year combined
ratio of more than 100 percent in 2011, when severe weather in
Australia, earthquakes in New Zealand and Japan, tornadoes in the
US and flooding in Thailand contributed to the market making an
overall loss of £516mn ($667mn).
Its combined ratio for the