Lloyd’s is expected to reveal considerable losses in its first-half financial results which will be released in London tomorrow.

Losses of up to £2.5 billion ($4.1 billion) have been suggested by Lloyd’s CEO Richard Ward, but insuranceNEWS.com.au has been unable to confirm these numbers.

Losses in the first half of last year were £500 million ($824 million). However, this year’s figures are expected to include a number of natural catastrophes, such as the Chilean and Christchurch earthquakes, leading to increased losses.

The result of increased losses will mean Lloyd’s is unlikely to deliver a record-breaking profit for the first half, although it is still expected to remain in the black.