Insurers at Lloyd’s of London, the world’s largest insurance market, have this week ramped up the cost of coverage to such eye-watering prices that no one is willing to pay them. President Trump’s offer to protect ships in the Strait of Hormuz could be bad news for Lloyd’s.
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Could Trump topple London’s £50bn insurance giant?
"Above all, Trump’s plan come at a time when increasingly sophisticated rivals are already eating into Lloyd’s business."
