£1.6bn reserve releases mask diminishing returns at Lloyd's

Falling investment returns compound squeezed underwriting margins

A continued high level of reserve releases helped Lloyd’s deliver a profit of £2.1bn ($2.96bn) for 2015, but the headline figure – down 30% on last year – masks the extent to which returns are diminishing.

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https://www.insuranceday.com/ece_incoming/reserve-releases-help-maintain-underwriting-profit-at-lloyd-s.htm