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(From Post Magazine)
Lloyd's, the Old Lady of Lime Street, started off 2007 in fairly robust health, it would seem, with opening capacity up 9% to GBP16.1bn. Rates may be less than attractive across most classes at the moment, but this does not appear to have dented the appetite of investors to put their money into a market that has received its fair share of derision in recent months for failing to be as inexpensive to operate in as its competitors.
And since that initial capacity announcement was made, further good news arrived with the confirmation at the end of January that no less an institutional investor than Bank of America has also placed its ...