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Lloyd's looks to automation, new capital to boost profitability

Posted On: Apr. 26, 2019 6:19 AM CST

Lloyd's of London

After big losses in the last two years, Lloyd's of London will unveil a new strategy to boost profits that includes more automation, reducing exposure to catastrophes, cutting operating costs and tapping into new sources of capital, Reuters reported citing sources. Lloyd's recorded a combined loss of nearly $4 billion in 2017 and 2018.

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