Insurance Day
ALM forecasts £5bn profit
By Symon Ross, London
NAMES organisation the Association of Lloyd’s Members (ALM) has forecast higher profits for Lloyd’s for the pure 2002 year
of account than the market itself has predicted. The ALM has forecast pure-year profits of 20%, compared with Lloyd’s current
forecast of 12.6% and rating agency Moody’s recent forecast of 14.5%.