Lloyd’s Of London Reveals £1.89bn Profit.
The insurance giant posted profits of £1.9bn – down from £3.85bn a year earlier – a figure that reflects lower insurance rates and the impact of significant claims from natural catastrophes such as North Atlantic hurricanes Gustav and Ike.
Investment returns fell to £957m from £2bn in 2007, but that was partially offset by favourable currency movements and prior year surpluses.
The vast majority of its investments are held in cash, government bonds or highly rated corporate [...]