Lloyd's of London's profits to take hit from Malaysia Airlines flight disasters

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Lloyd's of London is expected to see hundreds of millions of pounds wiped from its profits in 2014 becasue of the two recent Malaysia Airlines flight disasters involving flights MH-17 and MH-370, Sunday Express reported.

The insurance industry estimates that the MH-370 tragedy will cost more than $100 million.

n 2013, Lloyd's registered a 14.3% increase in pre-tax profit to 3.2 billion ($5.29 billion).

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