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Lloyd's bosses hail first half performance

Lloyd’s has reported a before tax of £1.8bn for the six months to 30 June (2006: £1.35bn).

It added that its combined ratio of 82.9% (first half ending 30 June 2006: 86.0%), compared favourably with an estimated average of 93% for US property & casualty insurers; 90% for US reinsurers; 86%

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