A major rating service predicts Lloyd's of London will see a 5 percent profit in 2007, provided it is not subject to large claims experience.

In a report issued yesterday, Moody's Rating Service out of London said the market has the potential to realize a profit of 5 percent on capacity in 2007, calling it a "return to acceptable profit."

For 2005, Lloyd's reported a loss of $181 million for the year after a huge claims hit from Hurricanes Katrina, Rita and Wilma.

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