Lloyd's, in reporting a 20.6 percent first half profit increasetoday, said despite recent hurricane losses if no furthercatastrophes occur, it should make a profit for the full year aswell.

Storm losses have already increased rates in some lines andshould halt rate softening in others, according to a Lloyd's marketstatement of results, which did not specify the sectors referredto.

The insurance market said for the six months, profits were ?1.38 billion ($2.47 billion) compared with ?1.14 ($2.03 billion)for the first half of 2004.

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