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Commercial

Lloyds reports 5% rise in FY profits to £3.85bn

The Lloyd’s of London insurance market reported a 5% rise in full-year pretax profits to £3.85bn, up from £3.66bn in 2006, but also reiterated its managing agents' comments that underwriting conditions are waning.

ABC doubles commercial sales and customer services centre

ABC Insurance, part of the LV= Group, will be doubling the size of its commercial sales and customer service centre. The team, based in Croydon at ABC’s head office, provides the sales and support service for all brokers selling ABC’s commercial…

Lloyd's records £3.8bn profit

Lloyd's has recorded a profit of £3.8bn for 2007. Profit before tax was £3.846bn compared to £3.662bn in 2006. The market's combined ratio was 84% (2006: 83.1%).

Pick of the Week

Post reporter Alwynne Gwilt and supplements and online editor Stephanie Denton provide a run down of ...

Appointment at M4

M4 Underwriting has promoted Kim McDowell to underwriting manager. Ms McDowell joined M4 as commerci...

Appointment at Brit

Brit has appointed Andrew Coutts as cargo underwriter. He joins Brit following 20 years with CNA whe...

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