Lloyd's has confirmed that its syndicates have made cash calls totalling £564m to help pay claims from the 1998 to 2001 period, including the World Trade Centre disaster.

Lloyd's has confirmed that its syndicates have made a cash call for £564m to help pay claims from the 1998 to 2001 period, including the World Trade Centre disaster.

The latest call means the market's members will have contributed an extra £1.34bn of cash since September 2001.

Lloyd's had already asked investors for £780m in September.

A cash call is a mechanism used by Lloyd's members, both corporate and private, to transfer capital to the syndicates they back.

The cash call will cost Lloyd's individual investors, Names, £33,000 pounds each, on average. September's cash call cost them £46,000 each, on average.

Approximately £284m of the latest cash call is likely to go towards paying WTC claims, with the remaining £280 needed for claims from 1999 or earlier.