Names get better returns in 1996, claims ALM

LONDON - Figures published yesterday by the Association of Lloyd's Members (ALM) show Lloyd's names with traditional bespoke portfolios had a return of 7.76% of capacity for the 1996 year of account, compared to 5.22% for quoted corporates. In addition the figures, which were analysed by AM Best, forecast an average 3.32% return for names, and a 1.45% return for quoted corporates in 1997. ALM chairman Michael Deeny said the results proved names had superior portfolios and earned higher returns than corporate vehicles in general, and dedicated vehicles in particular.