Improved conditions in the investment markets and the arrival ofnew capacity have significantly increased the capital position ofLloyd's in the first half of 2009, according to a recent report byAon Benfield.
The new study, “Lloyd's Update–Evolution,” reveals that in thesix months ending June 30, Lloyd's pro forma capital increased by13 percent to ?16 billion ($26.12 billion at current exchangerates), and by 30 percent year on year.
Meanwhile, gross premiums writtenincreased by 35 percent from first-half 2008 to ?13.5 billion($22.04 billion). This was largely due to currency movements andfirmer pricing in some of the key Lloyd's markets, according to thestudy.
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