Lloyd's looks to automation, new capital to boost profitability
Posted On: Apr. 26, 2019 6:19 AM CSTAfter 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.