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Guy Carpenter praises resilience of Lloyd's
05 February 2010
The Lloyd’s market had a strong year and is presently experiencing a period of unprecedented profitability reports Guy Carpenter in its review of the UK based syndicate.
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The Lloyd’s market had a strong year and is presently experiencing a period of unprecedented profitability reports Guy Carpenter in its review of the UK based syndicate.
The market’s resilient operating performance and capitalisation in the challenging economic environment, coupled with the continued reduction in a number of legacy issues, has been rewarded, the review said.
Pre-tax profit rose by 39% in the first half of 2009 to £1.3bn ($2.1bn), driven by improved investment conditions and low catastrophe losses. Aggregate pre-tax profits reported since 2001 are £14.7bn.
Market share gains, rating affirmations and continued strong investor interest...
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