Lloyd's Names are set to benefit significantly in their 2002 and 2003 years of account. The Association of Lloyd's Members (ALM) forecast that individual Names could make profits of 20% of capacity for both years.
As Names are only required to provide capital backing of 40% of capacity, the total return for 2002
and 2003 combined could be 100%.
The ALM predicted that managing agents would make profits of £1,671bn for 2002 and £1,780bn for 2003 accounts.
ALM chairman, Michael Deeny said: "It's easy to forget just how much money Lloyd's can make when it is firing on all cylinders and that Names do better than Lloyd's corporates."
