Lloyd's of London collating business interruption data for regulator

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It asked its members to provide data for the regulators by April 24, it said in a “Dear CEO” letter sent to members on Friday.

Lloyd’s also said it was talking to the UK finance ministry, regulators and business partners about a “Pandemic Re” government backstop and would publish preliminary estimates of the impact of COVID-19 on its members in early May.

Insurers including Lloyd’s of London member Hiscox (L:HSX) have come under fire from businesses for not paying out following lockdowns around the world due to the pandemic.