for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Lloyd's secures $909 mln cover for backup central fund

June 17 (Reuters) - Insurance market Lloyd’s of London has obtained a 650-million pound ($909 million) cover to protect its backup central fund against possible high-risk events that could cause losses, it said on Thursday.

The five-year cover is financed by J.P. Morgan as well as other reinsurers including Berkshire Hathaway and Swiss Re. ($1 = 0.7152 pounds) (Reporting by Yadarisa Shabong in Bengaluru; Editing by Shailesh Kuber)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up