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NU Online News Service, July 20, 3:45 p.m. EDT

Fitch Ratings said it expects Lloyd’s of London to report a reduced level of income in 2010 compared to 2009, but affirmed the company’s Insurer Financial Strength rating of “A-plus.”

Fitch said that Lloyd’s 2009 performance was supported by a series of beneficial factors that are unlikely to be repeated in 2010. These included a benign U.S. windstorm season, a recovery in investment results, favorable foreign exchange movements in respect to gross written premium growth and improved pricing conditions, Fitch said.

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