Editing Lloyd's of London (section)

===Historical results===
Lloyd's worst results in its long history were in the 1989 through 1991 years, each producing overall losses of over £2bn; the late 1990s were also punctuated by repeated and significant underwriting losses.<ref>{{cite web |url=https://www.actuaries.org.uk/system/files/field/document/A3%20-%20Markus%20Gesman.pdf|title=Current underwriting challenges |author=Markus Gesmann |date=7 June 2016 |website=actuaries.org.uk |publisher=Lloyd's of London }}</ref> In 2001 the calendar year result was a 140 per cent combined ratio, driven largely by claims arising out of the [[September 11 attacks|World Trade Center attack]], reserve increases for prior-year liabilities and deteriorating pricing levels. However, the market subsequently enjoyed profitability in most years except those marked by unusual levels of large natural catastrophes. For example, the [[2005 Atlantic hurricane season]] (which included [[Hurricane Katrina]]) drove the Lloyd's overall combined ratio to 112 per cent, while the [[2017 Atlantic hurricane season|2017 Atlantic hurricanes]] coupled with [[2017 California wildfires|destructive wildfires in California]] caused the Lloyd's market to report a 114 per cent combined ratio result in that year.