Natural Disasters Hit Lloyds of London Profits
Published / Last Updated on 29/03/2011
Natural Disasters Hit Lloyds of London Profits.
Following a series of natural disasters hitting the insurance market, Lloyd’s of London has reported a pre-tax profit for 2010 of £2.2bn ($3.5bn), down 43 per cent from 2009.
According to chief executive Richard Ward, he believes it is not just down to the natural disasters experienced, but also that rates have been softening, there is excess capital across the industry and investment returns fell in 2010 from £1.8bn to £1.3bn.
Need An Adviser Links: Members ¦ Financial Advice ¦ Retirement ¦ Legal ¦ Tax ¦ Insure Invest ¦ Shop ¦ International
Other Links: Home Page ¦ Contact us ¦ Book Callback ¦ Free Consultation ¦ Newsletter ¦ Money MOT ¦ Discounts ¦ News
