The Lloyd�s of London insurance market yesterday said rising claims costs and lower investment income contributed to a 47% fall in half-year profits.
The Lloyd's of London insurance market yesterday said rising claims costs and lower investment income contributed to a 47% fall in half-year profits. Lloyd's chairman Peter Levene said the drop to £949m came as "no surprise" given a softening in rates from their recent peak. The figures cover the period to the end of June and do not include the impact of recent North Atlantic hurricanes Gustav and Ike.
