Giant strides forward

Last April, Lloyd's announced a pre-tax profit of £1.89bn for the year 2003, an increase of 127% on 2002's £834m. And the Central Fund was fortified by a 49% increase to £711m. This result surpassed the performance of many of Lloyd's competitors, as chief executive Nick Prettejohn was keen to point out.

Lloyd's combined ratio dropped to 90.7%, compared with 100.7% for US property and casualty insurers, 101.2% for US reinsurers, and 101.4% for European insurers and reinsurers. Lloyd's has clearly

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: