Moody's Sees $6.1 B Lloyd's Profits In ?02-?03

NU Online News Service, Sept. 25, 12:09 p.m. EDT?Moody's Investors Service, in its latest forecast for the Lloyd's of London insurance market, finds that Lloyd's could produce around GBP3.7 billion [$6.1 billion] of profit for the 2002 and 2003 years of account,

Moody's said that following a Lloyd's loss of some GBP2.1 billion [$3.5 billion] for 2001, Moody's has increased its forecast profit for 2002 to around GBP1.9 billion [$3.2 billion] and anticipates further profit potential for 2003 of around GBP1.7 billion [$2.8 billion], assuming a "normal" loss year.

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