Archive for March 31st, 2011

March 31, 2011 · No comments

Lloyd’s Announces £2.2 Billion Profit For 2010

Lloyd’s, the world’s specialist insurance market, today announced a profit of £2,195 million for 2010. Financial highlights: * Profit before tax of £2,195m (2009: £3,868m) * Combined ratio of 93.3% (2009: 86.1%) compares favourably with an estimated average of: 101.5% …

Greece and Portugal downgraded

March 31, 2011 · No comments

Standard and Poor’s has downgraded Greece and Portugal’s credit rating after further debt worries. The ratings agency downgraded the debt-stricken countries on the risk their debts to a new