Lloyd’s 2010 year projected losses widen during Q2
Lloyd's syndicates have widened their forecast losses for the 2010 year during the past quarter as disaster claims have increased.
Based on the mid-points of the forecast percentage profit or loss on capacity, the overall projected loss has dipped to a loss of 3.8 percent of capacity as of the end of June, according to calculations by members' agent Argenta Private Capital.
This is a 1.4 percentage point deterioration from 2.4 percent of capacity at the end of March.
The...
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