Lloyd's of London faces £1.4B in losses as the US-Iran conflict blockades the Strait of Hormuz and marine insurance claims hit $3B.

Lloyd's of London faces £1.4B in losses as the US-Iran conflict blockades the Strait of Hormuz and marine insurance claims hit $3B.

Underwriters at Lloyd's of London provide cover for risks across the globe, from shipping and terrorism to fine art and racehorses.