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Soft Market Slices Lloyd's Profit In Half

Softening market conditions and a rise in attritional claims cut the pre-tax profit of Lloyd's in half for the first six months of this year--down to ?949 million (about $1.88 billion at current

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Softening market conditions and a rise in attritional claims cut the pre-tax profit of Lloyd’s in half for the first six months of this year–down to ?949 million (about $1.88 billion at current exchange rates) through June, compared with ?1.81 billion (about $3.48 billion) for the same period the year before.

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