Lloyd's feels underwriting margin crunch

An investment-driven increase in pre-tax profits in the first half
of 2016 could not mask the mounting challenges for the Lloyd's
market, as underwriting profits crashed and rates continued to
deteriorate.
Pre-tax profits at Lloyd's climbed by 22.4
percent to £1.46bn ($1.90bn) for the period.
The market reported an 8.5 percentage point yearly increase in
its headline combined ratio to 98.0 percent, with an accident-year
combined ratio well in excess of 100 percent and major losses still
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