Lloyd's of London 'lot of large losses' in the first half of 2010

Lloyd's of London, the world's biggest insurance market, has reported a 50% fall in profits for the six months to the end of June.

Pre-tax profits came in at £628m compared with £1.32bn a year earlier.

Lloyd's of London Chief Executive Richard Ward talks to be BBC about the announcement and underwriting Ugly Betty's smile.

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