Future looks good for Lloyd's
Hardening rates in the insurance industry means Lloyd's will return to profit in 2002, according to r...
Hardening rates in the insurance industry means Lloyd's will return to profit in 2002, according to research by the Association of Lloyd's Members and rating agency AM Best.The market's capacity is set to jump from £11bn to as much as £14bn and Lloyd's names to make a profit for the first time in four years, if the predictions are correct. AM Best estimates individual names can expect returns of 7% next year and 9% in 2003.
Michael Deeny, chairman of the ALM, said: "We believe that Lloyd's
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