S&P revises Lloyd's outlook to negative on cat losses

S&P Global Ratings has affirmed Lloyd's A+ financial
strength rating, but revised its outlook for the market from stable
to negative following the trio of hurricanes in the just-ended
quarter.
Lloyd's has already announced an estimated net loss of
£3.3bn ($4.3bn) from hurricanes Harvey and Irma. In changing
its outlook, S&P said today that it expected further major
losses from Hurricane Maria and other potential catastrophes in the
current quarter.
"These losses are significant rel