Lloyd’s of London H1 pre-tax profit falls as bond yields rise
Lloyd’s of London reported six-month pre-tax profit of £3.5bn for the period to 30 June, down from £4.2bn a year earlier. Gross written premiums rose 6.9% to £34.7bn, with 15.8% volume growth.
The global specialist insurance marketplace said pre-tax profit for the six months to 30 June fell to £3.5bn from £4.2bn a year earlier.The result came even as gross written premiums increased 6.9% to £34.7bn from £32.5bn, driven by volume growth of 15.8% from new and existing syndicates.The bottom…