Insurance market Lloyd's of London returns to profit, braces for coronavirus
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LONDON (Reuters) - Lloyd's of London reported its first annual pretax profit in three years on Thursday, thanks to tighter underwriting and robust investment returns, and signalled it was well prepared to cope with the cost of the coronavirus pandemic.The 330-year-old insurance market, which reports aggregate results of its syndicate members, posted profits of 2.5 billion pounds, up from losses of 1 billion pounds in 2018 and 2 billion pounds in 2017, when a slew of hurricanes, typhoons and..