Lloyd’s says record catastrophe losses led to a loss of more than $800 million for 2011 as the specialty-insurance market experienced the largest catastrophe-claims year in its history.

In a statement, London-based Lloyd’s says it incurred total net claims of $20.6 billion last year, including $7.4 billion in catastrophe claims. Lloyd’s calls this the “largest catastrophe-claims year on record for the 324-year-old insurance market.”

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