Lloyd's: 'Too early' to assess Japan losses

Lloyd's has said this morning it is "far too early" to assess the business impact of the earthquake and tsunami which has hit Japan.

A Lloyd's spokesman said: "Our thoughts are with all those affected by the major earthquake and tsunami events in Japan.

"It is far too early for us to comment on any potential business impact but, as ever, our efforts will be focused on dealing with claims quickly and helping people and businesses recover."

The 8.9-magnitude earthquake hit the north-east of Japan, triggering the tsunami.

TV footage has shown cars, ships and buildings being swept away.

Fires have started in several areas including Tokyo, the BBC has reported. At least 32 people were killed, officials said.

A tsunami warning was extended across the Pacific to New Zealand in the south and North and South America to the east.