Thursday, April 06, 2006

Lloyd's Holds Down Losses to $180.6 Million; Webcast Scheduled

April 6, 2006
Insurance Journal

"As the old saying goes, 'Hope for the best, but prepare for the worst.' While Lloyd's 2005 £103 million ($180.6 million) loss estimate may not be the absolute best, it's certainly a lot better than it could have been after last year's disastrous hurricanes. By comparison Lloyd's posted a £1.367 ($2.4 billion) profit in 2004..."