INSURANCE

Another Big Loss at Lloyd’s: Lloyd’s, the world’s biggest insurance market, faces a loss of $2.49 billion on its 1990 year of account, independent Lloyd’s analyst Chatset said. Lloyd’s reports its results three years in arrears to allow time to process insurance claims. Last year, Lloyd’s announced a record $3.14-billion loss for 1989. Chatset, which analyzes the performance of Lloyd’s underwriting syndicates every year, said it expected combined losses for the years 1988 to 1991 to total about $7.62 billion, adding that it does not expect the market to return to profit until Lloyd’s announces its 1993 results in 1996.