Lloyd's records "unthinkable" profits claims Levene
Lloyd's today announced a £1.36bn profit for 2004, something chairman Lord Levene said would have been “unthinkable” a few years ago given the catastrophe losses it suffered.
Overall Lloyd’s recorded a combined ratio of 96.9% (2003: 90.7%). In a statement the London insurance market said this compared favourably with an estimated average of 98.7% for US general insurersOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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