Lloyd’s H1 profits appear thin as losses mount
The prospects for the Lloyd's market repeating last year's record annual profits look dim at the halfway stage of 2010.
Senior Lloyd's figures are even speculating whether the
Society may remain in the black for the six months to 30 June, amid
sluggish investment returns plus a heavy and deteriorating
catastrophe burden in the first two quarters.
In 2009, Lloyd's booked an interim profit of £1.32bn. This
trebled to £3.9bn for the 12-month period, as a benign year
for cats,...
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