hiscox insurance
LONDON (Dow Jones)--Lloyd's of London, which runs the U.K.'s 320-year-old insurance and reinsurance market, said Tuesday that favorable markets helped it deliver modestly better than forecast investment returns in the third quarter, but scope for further gains in the rest of the year is limited.
Lloyd's said assets held after setting aside capital for possible future insurance claims - or the excess of central assets over solvency shortfalls - rose to GBP2.55 billion at Sept. 30 from GBP2.50 billion at June 30.
It added that there were no events in the third quarter that resulted in any material change to the group's expectations for the full year.
Commenting on the investment climate, LLoyd's said the recovery of riskier asset investments like equities continued in recent months while corporate debt has also performed strongly.
Investor demand has been driven by growing confidence that the global economy is on the path to recovery, but also because of the need to move away from very low yields in cash and similar low-risk investments.
Lloyd's isn't publicly traded, though some of its members are listed, such as Hiscox Ltd. (HSX.LN), Catlin Group Ltd. (CGL.LN) and Hardy Underwriting Bermuda Ltd. (HDU.LN).
LONDON (Dow Jones)--Lloyd's of London, which runs the U.K.'s 320-year-old insurance and reinsurance market, said Tuesday that favorable markets helped it deliver modestly better than forecast investment returns in the third quarter, but scope for further gains in the rest of the year is limited.
Lloyd's said assets held after setting aside capital for possible future insurance claims - or the excess of central assets over solvency shortfalls - rose to GBP2.55 billion at Sept. 30 from GBP2.50 billion at June 30.
It added that there were no events in the third quarter that resulted in any material change to the group's expectations for the full year.
Commenting on the investment climate, LLoyd's said the recovery of riskier asset investments like equities continued in recent months while corporate debt has also performed strongly.
Investor demand has been driven by growing confidence that the global economy is on the path to recovery, but also because of the need to move away from very low yields in cash and similar low-risk investments.
Lloyd's isn't publicly traded, though some of its members are listed, such as Hiscox Ltd. (HSX.LN), Catlin Group Ltd. (CGL.LN) and Hardy Underwriting Bermuda Ltd. (HDU.LN).
