Higher ratio, lower profits expected from Lloyd’s insurers
LLOYD’S insurers Amlin, Beazley, Brit, Catlin, Chaucer and Hiscox are expected by Keefe, Bruyette & Woods analyst Chris Hitchings to post combined pre-tax profits down 13% year on year to about £440m for the first half, with the combined ratio rising to 94%, from 86% in H1 2009.