X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Profits at Lloyd’s last year plunged to $2.7 billion–less than half of the $5.66 billion reported for 2007–but its chief executive was counting his blessings, contending that the market’s positive bottom line was “a pretty good result” given the state of the financial markets and overall economy.

Lloyd’s cited strong underwriting discipline and conservative investment strategies as the reasons for remaining in the black during a sharp downturn on both Wall Street and Main Street.

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.