Lloyd’s of London Had a Strong 1986:...

Lloyd’s of London Had a Strong 1986: The Lloyd’s insurance market, which reports results three years in arrears because of long delays in settling claims, said profits rebounded in 1986. It put pretax profit for the year at $1 billion, more than three times its 1985 profit. Lloyd’s Chairman Murray Lawrence said although prospects for 1987 were encouraging, results for the next three years would be less spectacular, with marine and aviation markets in particular unlikely to produce satisfactory profits in 1988 and 1989.