Financial Times: Iran war leaves £1.4 billion in damages for Lloyd's insurers

Financial Times: Iran war leaves £1.4 billion in damages for Lloyd's insurers The Financial Times reported: 🔹The Lloyd's London insurance market expects damages from the U.S.-Iran war in Gulf countries to reach about £1.4 billion. Lloyd's CEO: 🔹Unlike attacks on ships in the Strait of Hormuz, the majority of these losses are due to damage to ground infrastructure. For instance, Saudi Arabia's SABIC is on the verge of filing a claim of about $800 million following damage to a petrochemical complex from a missile strike.