Lloyd’s says its 2012 first-half net income more than doubled compared to last year because of benign catastrophe activity, but the insurance market admits that loss events in the second half of the year could still weigh on year-end results.

“I am highly conscious that I am writing this during the Atlantic windstorm season,” Lloyd’s Chairman John Nelson says in a statement. “Nevertheless, this is our most profitable first six months in five years.”

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