Lloyd's pre-tax profit leapt above the £3bn ($5bn) barrier last year, as benign catastrophe losses and higher reserve releases led to a 14 percent increase in net income across the market's 90 syndicates.
Lloyd's profit climbs
Lloyd's pre-tax profit leapt above the £3bn ($5bn) barrier last year, as benign catastrophe losses and higher reserve releases led to a 14 percent increase in net income across the market's 90 syndicates.