Lloyd’s of London, the world’s oldest insurance market, reported its biggest annual profit in four years as natural catastrophe claims declined. Pretax profit increased to 3.2 billion ($5.3 billion) in 2013 from 2.8 billion pounds the previous year, the London-based …
Before Hurricane Sandy hit, private U.S. property/casualty insurers’ net income after taxes grew to $27 billion in nine-months 2012 from $8.4 billion in nine-months 2011. Insurers’ overall profitability as measured by their annualized rate of return on average policyholders’ surplus …
Lloyd’s of London on Wednesday reported a big loss for 2011, which proved to be the second-costliest year ever in terms of natural catastrophe claims for the global insurance industry. Lloyd’s, a society of corporate underwriters and wealthy individuals that …