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Lloyd's of London chief executive Inga Beale to step down

Dame Inga Beale, the only woman to lead the 330-year-old insurance market, will leave next year.

The bank said it had put aside another 90m for payment protection insurance mis-selling claims.

About 1,200 jobs are affected by the closures, but the bank says staff will be redeployed where possible.

The insurance group blamed hurricanes Harvey, Irma and Maria for a surge in claims.

LLoyds Banking Group has reported strong full year profits in its first year as a private enterprise.

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