Lloyd's reported a 2005 pretax loss of $181 million compared to a profit of $1.5 billion for the previous year.
Lloyd's Chairman Lord Peter Levene said the market posted $5.8 billion in net claims for its costliest year ever, exceeding the losses stemming from the Sept. 11, 2001 World Trade Center attacks.
"For Lloyd's to emerge with such a small loss represents an excellent performance by the market," Mr. Levene said. "That outcome would have been unthinkable just a few years ago, which is the true measure of the progress Lloyd's has made."
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