WRB agrees Covid-19 LPT to cap Lloyd’s losses as syndicate slumps to 171.5% CR
WR Berkley has struck a loss portfolio transfer (LPT) with its Lloyd’s subsidiary, whose Syndicate 1967 was one of the worst performers on Lime Street in 2020 as losses from the pandemic ripped through its contingency book, adding to the impact of last year’s property cat events.