Insider View: Lloyd's results

Headline profits went up, but in truth it's difficult to find
many real positives in the latest set of results from Lloyd's.
Had it not been for a Brexit-related windfall during the second
quarter, the bottom line would have looked very different.
Underwriting profits at Lloyd's in the first half were down
80 percent on the same period in 2015, and while this year saw a
cat-heavy second quarter, the level of losses was not exceptional
in a historical context....