LLOYD S IN THE US MARKET

Size: px
Start display at page:

Download "LLOYD S IN THE US MARKET"

Transcription

1 LLOYD S IN THE US MARKET Contents 1 About Lloyd s 2 How Lloyd s works 3 Financial strength and ratings 3 Global reach 4 Multiple classes, maximum innovation 5 Lloyd s US a major player 6 Contact us

2 ABOUT LLOYD S 1 About Lloyd s Lloyd s is the world s specialist (re)insurance market, conducting business in over 200 countries and territories worldwide. We re often the first to insure new, unusual or complex risks, providing risk management solutions for local, cross border or global risks of any size. We bring together an outstanding concentration of specialist expertise and talent, backed by excellent financial ratings which cover the whole market. Since its humble beginnings in Edward Lloyd s coffee shop in London 327 years ago, Lloyd s has been at the forefront of developing new insurance products to meet the changing needs of policyholders. Lloyd s international strategy Lloyd s Vision 2025 is the long term strategy to reinforce Lloyd s position as the global center for specialist insurance and reinsurance in a changing world. Read more about our international strategy at Learn more about Lloyd s at

3 HOW LLOYD S WORKS 2 How Lloyd s works Our unique structure creates a market based on trusted relationships and expertise. Lloyd s is a broker market, with brokers involved in all aspects of our distribution channels. The majority of business written at Lloyd s is placed through brokers, who facilitate the risk transfer process between policyholders and underwriters. Much of the business written at Lloyd s is brought to specialist underwriters who price and underwrite these risks. Many of the risks placed at Lloyd s are transacted on a face to face basis in the underwriting room. Brokers may also access the Lloyd s market locally through coverholders and service companies. A Lloyd s syndicate is formed by one or more members joining together to accept risk. Many syndicates write a range of classes of business and others specialize in one or two. The capital which supports syndicates underwriting is provided by members of Lloyd s, among them individuals, limited partnerships and global insurance groups. A managing agent is a company set up to manage one or more syndicates on behalf of the members providing capital. The Corporation of Lloyd s oversees overall risk and performance management of the market, provides processing services, manages the global network of licenses and promotes the Lloyd s brand. Find out more about Lloyd s market structure Strength in numbers The sheer scale of the market means it can offer a huge diversity of products; the scope of specialist broking and underwriting expertise found together under the Lloyd s umbrella makes it unique. 94 SYNDICATES of specialist underwriting experience and talent. 3,872 coverholders offering a local route to Lloyd s. 219 lloyd s Brokers bring business from over 200 Countries and territories The Lloyd s underwriting room 94 syndicates are run by the 59 managing agents shown here as at 31 December, 2014

4 FINANCIAL STRENGTH AND RATINGS GLOBAL REACH 3 Financial strength and ratings Global reach Lloyd s unique capital structure, often referred to as the Chain of Security, provides excellent financial security to policyholders and capital efficiency for members. The Chain of Security provides the financial strength that ultimately backs insurance policies written at Lloyd s and the common security that underpins the market s ratings and license network. International capital supporting Lloyd s 30% UK listed and other corporate 22% US insurance industry 24% Worldwide insurance industry All figures and exchange rates as at December 31, 2014 ( 1=$1.56) Lloyd s Chain of Security Several assets Mutual assets 13% Bermudian insurance industry 9% Individual members (limited liability) 2% Individual members (unlimited liability) First link Second link Third link Learn more at Financial performance US$4.9BN Profit before tax 88.1% Combined ratio For further details visit How leading rating agencies assess our financial security A+ Standard & poor s A+ (Strong) Syndicate level assets US$70,417m Members funds at Lloyd s US$24,498m Central Fund US$2,480m Corporation US$161m Subordinated debt/securities US$1,381m AA- Fitch ratings AA- (Very strong) US$41.7bn Gross written premium income US$4bn Central assets A A.M. Best A (Excellent) Callable layer US$1,215m Lloyd s global business breakdown 44% US and Canada 18% UK 15% Rest of Europe 11% Central Asia and Asia Pacific 8% Other Americas The Lloyd s market provides insurance to over 200 countries and territories worldwide. Our licenses in over 75 jurisdictions, supported by a network of local offices and coverholders across the world, ensure access to insurance markets large and small. Lloyd s international network can underwrite local, cross border or global risks of any size and complexity. To find out more about what Lloyd s can underwrite and where visit 4% Rest of the world

5 MULTIPLE CLASSES, MAXIMUM INNOVATION 4 Multiple classes, maximum innovation The scope of the Lloyd s market and our underwriters talent and expertise produces innovative solutions across multiple classes of business in the US and worldwide. We provide cover for all classes of business, including the following: Marine Casualty Motor Reinsurance Lloyd s is an industry leader in marine business. Main classes include hull, cargo, marine liability and specie (the insurance of valuable property such as precious metals, art or jewelry). The casualty market at Lloyd s comprises a broad range of classes. The most significant are general liability, professional liability, management liability and medical malpractice. Although shorter-tail in nature than most casualty lines, accident and health business is also included within this sector. The US market is the largest single market for Lloyd s casualty business followed by the UK/Europe, Canada and Australia. Lloyd s motor market primarily covers UK private car and commercial/ fleet business. Lloyd s commercial/ fleet business is very diverse, ranging from light commercial vehicles and taxis to buses and heavy haulage. In the US, Lloyd s writes a variety of transportation risk excluding private passenger vehicles. The reinsurance market at Lloyd s covers a wide range of classes, both short and long-tail. Business is written as both facultative and treaty, mainly on an excess of loss basis. The predominant class is property, which includes catastrophe risks worldwide with a significant exposure to the US market. Property Energy Aviation Emerging risks The property sector consists of a broad range of risks written worldwide. In Lloyd s largest market, the US, it is predominantly made up of surplus lines business with a weighting to the industrial and commercial sectors, binder business of mainly nonstandard commercial and residential risks, and specialist classes including terrorism, power (electricity) generation, engineering and nuclear risks. The Lloyd s energy sector includes a variety of onshore and offshore property and liability classes, ranging from construction to exploration and production, refinery and distribution. A significant part of the portfolio is offshore energy business and a large proportion of this is located in the Gulf of Mexico. Lloyd s is an industry leader in the global aviation market and writes across all main business segments including airline, aerospace, general aviation and space. Airline (hull and liability) is the largest segment but Lloyd s aviation is also actively involved in the underwriting of general aviation (eg privately owned light aircraft, helicopters and large private corporate jets), airport liability, aviation product manufacturers liability, aviation war/ terrorism and satellite launch/in-orbit risks. From climate change to terrorism and energy security to liability, businesses need to understand emerging risks to successfully lead their organizations into the future. Lloyd s emerging risk reports bring together the views of some of the world s leading academic, business and insurance experts. We analyze the latest information on emerging risks to ensure we re able to provide new risk management solutions in a fast changing world. Read more about emerging risks, visit

6 LLOYD S US A MAJOR PLAYER 5 Lloyd s US a major player Breakdown of US classes of business 2014 Lloyd s has been a major force in the US insurance market for over a century from the devastating San Francisco earthquake of 1906 to recent catastrophes such as Superstorm Sandy. Underwriters at Lloyd s are licensed insurers in Illinois, Kentucky and the US Virgin Islands and are approved surplus lines insurers in all US jurisdictions. Lloyd s is also an accredited reinsurer in all 50 states. Throughout its long relationship with the US, Lloyd s has provided American businesses with creative solutions for their risk and private entities management needs. Over the course of the 20th century, new risks posed by a growing US economy provided Lloyd s with opportunities to expand its portfolio beyond natural catastrophes in coastal states to a wide range of products including management and professional liability, construction, real estate, transportation, renewable energy, cyber risk, terrorism, sports and entertainment and celebrity body parts. 33% Property (D&F) 17% Property treaty 20% Casualty 10% Marine 7% Energy 5% Accident and health Largest lines of business in Lloyd s top ten states 2% Aviation 4% Casualty treaty 2% Overseas motor 38% of Lloyd s global premium comes from the US. In 2014 this accounted for US$14.6bn. Breakdown of US business by category 2014 Surplus lines 56% Licensed 1% 36% 7% Lloyd s leads the way in the excess and surplus lines and reinsurance markets IN THE US. Reinsurance Exempt Property Energy Property and liability Liability Lloyd s share of the excess and surplus market in CA, FL, GA, LA, MA, NC, SC and TX ranges from 20 30%. Catastrophe capacity provided by Lloyd s fills a critical need in these states. Lloyd s Market Intelligence products contain further analysis and information on Lloyd s business in the US

7 CONTACT US 6 Contact us Contact our local Lloyd s office in the US for information and assistance about how to access the Lloyd s market. Atlanta Rodney Smith Boston Glenn Dorr Chicago/Frankfort, KY Pat Talley / Los Angeles Richard Magrath New York Hank Watkins USVI Hank Feuerzeig For more information about Lloyd s in the US, visit Global offices Africa Asia-Pacific Europe MIddle East North America South America lloyds.com/facebook This brochure provides general information only and does not constitute solicitation of business. All US business underwritten at Lloyd s must be placed in accordance with US regulatory requirements. Coverage must comply with local law. Lloyd s America, Inc. is not licensed as an insurer in any state. Underwriters at Lloyd s are licensed only in Kentucky, Illinois and the US Virgin Islands, and are eligible surplus lines insurers in all US jurisdictions. Lloyd s underwriters are also accredited reinsurers in all states. Lloyd s is regulated by the Financial Conduct Authority and Prudential Regulation Authority. Lloyd s 2015 All rights reserved. Lloyd s is a registered trademark of the Society of Lloyd s. Designed by frankbrightabel.com

LLOYD S IN CANADA Contents

LLOYD S IN CANADA Contents LLOYD S IN CANADA Contents 1 About Lloyd s 2 How Lloyd s works 3 Financial strength and ratings 3 Global reach 4 Multiple classes, maximum innovation 5 Lloyd s Canada a major player 6 Contact us ABOUT

More information

Lloyd s : The world s specialist insurance market

Lloyd s : The world s specialist insurance market < Picture to go here > Lloyd s : The world s specialist insurance market Meet The Market San Francisco Glenn Dorr, Northeast Director, Lloyd s Lloyd s 1 1. What is Lloyd s? 2. What makes us unique? 3.

More information

RenaissanceRe Syndicate 1458

RenaissanceRe Syndicate 1458 RenaissanceRe Syndicate 1458 RenaissanceRe Syndicate 1458 RenaissanceRe operates at Lloyd s of London through Syndicate 1458, which was established in 2009. RenaissanceRe was founded in 1993 in Bermuda

More information

Advent Syndicate 780 Advent Syndicate 780 www.adventgroup.co.uk

Advent Syndicate 780 Advent Syndicate 780 www.adventgroup.co.uk Advent Syndicate 780 Facts and information 2010 Advent Capital (Holdings) PLC is a wholly owned subsidiary of Fairfax Financial Holdings Limited. At 30 September 2009 Fairfax held over US$22 billion of

More information

"Unlocking the Mysteries of the London Insurance Market" Carter E. Boardman. Director of Contracts & Risk Management

Unlocking the Mysteries of the London Insurance Market Carter E. Boardman. Director of Contracts & Risk Management "Unlocking the Mysteries of the London Insurance Market" Carter E. Boardman Director of Contracts & Risk Management MERRICK & COMPANY September 24, 2015 Engineering Architecture Design-Build Surveying

More information

Coverholders. Market Access Study. Capability Analysis. International Markets. Market Intelligence. April 2010 FOR MANAGING AGENTS AND BROKERS

Coverholders. Market Access Study. Capability Analysis. International Markets. Market Intelligence. April 2010 FOR MANAGING AGENTS AND BROKERS Disclaimer Coverholders Market Access Study Capability Analysis International Markets Market Intelligence April 200 FOR MANAGING AGENTS AND BROKERS Lloyd s Capability Analysis > The Model > Country Categories

More information

QBE Insurance (Europe) Limited (Dubai Branch)

QBE Insurance (Europe) Limited (Dubai Branch) QBE Insurance (Europe) Limited (Dubai Branch) Contents Page no. QBE operations background & structure 3 QBE in the DIFC 13 Dubai product offerings 17 Dubai branch 29 Disclaimer 33 2 QBE Dubai Generic Presentation

More information

Amlin plc. Numis Non-life Insurance Briefing 13 January 2011. Charles Philipps, CEO

Amlin plc. Numis Non-life Insurance Briefing 13 January 2011. Charles Philipps, CEO Amlin plc Numis Non-life Insurance Briefing 13 January 2011 Charles Philipps, CEO This presentation contains or may contain forward-looking statements. It is important to note that the Company s actual

More information

Evolution of the Commercial Lines Market The growth and profit challenge

Evolution of the Commercial Lines Market The growth and profit challenge Evolution of the Commercial Lines Market The growth and profit challenge This article examines changes in the Australian commercial lines insurance market in recent years the changing face of distribution,

More information

Commercial Property Construction Property and Civil Works War, Terrorism and Political Violence

Commercial Property Construction Property and Civil Works War, Terrorism and Political Violence Commercial Property Construction Property and Civil Works War, Terrorism and Political Violence Commercial Property Product updates Increased capacity: up to $10M (inclusive of full CAT), available on

More information

Territories Domestic and worldwide

Territories Domestic and worldwide Marine Cargo Globalisation has resulted in a large increase in trade between countries and intercontinental trade requires specific risk management solutions which Liberty Specialty Markets can provide.

More information

Aerospace. Aerospace. Airline, Products & Airports, General Aviation, Space, War and Terrorism, Environmental Impairment Liability, Cyber.

Aerospace. Aerospace. Airline, Products & Airports, General Aviation, Space, War and Terrorism, Environmental Impairment Liability, Cyber. Aerospace THIS INFORMATION IS INTENDED FOR INSURANCE BROKERS AND OTHER INSURANCE PROFESSIONALS ONLY Aerospace Airline, Products & Airports, General Aviation, Space, War and Terrorism, Environmental Impairment

More information

Lloyd s AGGREGATE ACCOUNTS

Lloyd s AGGREGATE ACCOUNTS Lloyd s AGGREGATE ACCOUNTS 01 / ANNUAL REPORT CONTENTS ANNUAL REPORT Operating environment 02 Market performance review 04 Risks and uncertainties 15 Governance 17 AGGREGATE ACCOUNTS Independent reasonable

More information

Chaucer Insurance An introduction

Chaucer Insurance An introduction Going further for you and your clients An introduction one - four five - six seven - eight nine - ten eleven - twelve thirteen - fourteen fifteen - sixteen seventeen - eighteen nineteen twenty twenty one

More information

Renewal 2003 MR Reinsurance Group

Renewal 2003 MR Reinsurance Group Renewal 2003 MR Reinsurance Group Renewal 2003 MR Reinsurance Group February, 28 th 2003 Münchener Rück Munich Re Group Contents Overview Market View Reinsurance Group Business Units / Lines of Business

More information

International Insurance Brokers. Broker at LLOYD S

International Insurance Brokers. Broker at LLOYD S G L O B A L International Insurance Brokers Broker at LLOYD S About the Crescent Global Group Crescent Global is a Lloyd s accredited broker formed in 1998 to provide specialist insurance and reinsurance

More information

Asia Empowered Expertise

Asia Empowered Expertise Asia Empowered Expertise Tokio Marine Kiln in Asia Tokio Marine Kiln has been building strong relationships in Asia for almost four decades. Our offices in Singapore, Hong Kong and Shanghai (through Lloyd

More information

AXIS Capital Holdings Limited

AXIS Capital Holdings Limited INVESTOR FINANCIAL SUPPLEMENT FIRST QUARTER 2005 106 Pitts Bay Road Hamilton HM 08 Bermuda Contact Information: Linda Ventresca Investor Relations 441 297 9513 Website Information: www.axiscapital.com

More information

Premium reporting A standard for coverholders. User Guide. 28 th October 2010

Premium reporting A standard for coverholders. User Guide. 28 th October 2010 Premium reporting A standard for coverholders User Guide 28 th October 2010 Introduction The purpose of this document 3 3 Why have coverholder premium reporting standards? 3 What does this mean for me

More information

CASUALTY CASUALTY INSURANCE SOLUTIONS

CASUALTY CASUALTY INSURANCE SOLUTIONS CASUALTY CASUALTY INSURANCE SOLUTIONS CONTENTS Casualty Insurance Solutions 03 Products and coverage extensions 04 Preferred industry segments 04 Casualty Capacity by NAIC code 05 About ACE 05 ACE Global

More information

QBE INSURANCE GROUP LIMITED. JP Morgan AUSTRALASIAN INVESTMENT CONFERENCE SINGAPORE OCTOBER 2004. Presenter: Neil Drabsch, CFO

QBE INSURANCE GROUP LIMITED. JP Morgan AUSTRALASIAN INVESTMENT CONFERENCE SINGAPORE OCTOBER 2004. Presenter: Neil Drabsch, CFO QBE INSURANCE GROUP LIMITED JP Morgan AUSTRALASIAN INVESTMENT CONFERENCE SINGAPORE OCTOBER 2004 Presenter: Neil Drabsch, CFO 1 Company overview QBE is an Australian-based general insurance and reinsurance

More information

Our specialist insurance services for Property risks

Our specialist insurance services for Property risks Our specialist insurance services for Property risks About Us 1 Our Service 2 Manufacturing and Process Industries 3 Airports and Ports 4 Agricultural Industries 5 Hi-tech and Bio-tech 6 Heavy Metal Industries

More information

A LOOK AT LLOYD'S PF&M ANALYSIS:

A LOOK AT LLOYD'S PF&M ANALYSIS: PF&M ANALYSIS: A LOOK AT LLOYD'S The history of Lloyd's began with Edward Lloyd's coffeehouse in 1688. His clientele included merchants and ship owners who had both cargo and vessels needing insurance

More information

Non-Lloyd s Brokers. A guide for Managing agents

Non-Lloyd s Brokers. A guide for Managing agents Non-Lloyd s Brokers A guide for Managing agents April 2013 2 Contents PART 1 4 Introduction to this Guidance 4 Acceptance of business by Lloyd s syndicates 4 Purpose of this Guidance 4 Additional queries

More information

About Sompo Canopius. 2016 gross written premiums*

About Sompo Canopius. 2016 gross written premiums* UK Property About Sompo Canopius Sompo Canopius AG, domiciled in Switzerland, with offices in the UK, Ireland, Netherlands, Switzerland, Bermuda, US and Singapore Global specialty (re)insurance platform

More information

UK Key Facts 2015. Key Facts. Comprehensive risk management services worldwide. The Allianz experts for Corporate and Specialty Risks

UK Key Facts 2015. Key Facts. Comprehensive risk management services worldwide. The Allianz experts for Corporate and Specialty Risks Allianz Global Corporate & Specialty www.agcs.allianz.com Key Facts UK Key Facts 2015 April 2015 Comprehensive risk management services worldwide The Allianz experts for Corporate and Specialty Risks Allianz

More information

RenaissanceRe. Professional Indemnity Insurance

RenaissanceRe. Professional Indemnity Insurance Syndicate 1458 Professional Indemnity Insurance Syndicate 1458 Professional Indemnity Insurance established Syndicate 1458 at Lloyd s in 2009. is a leading global provider of property catastrophe and specialty

More information

2010 AIRLINE HULL & LIABILITY INSURANCE MARKET REVIEW MARCH 2011

2010 AIRLINE HULL & LIABILITY INSURANCE MARKET REVIEW MARCH 2011 2010 AIRLINE HULL & LIABILITY INSURANCE MARKET REVIEW MARCH 2011 Algeria - Brazil - Colombia - Dubai - Germany - India - Japan - Korea - Malaysia - Mexico - Romania - Singapore - Sweden - Switzerland -

More information

Directors & Officers

Directors & Officers Directors & Officers Overview As a leading insurer of Directors & Officers, we work closely with our broker panel and have the in-depth knowledge to provide creative solutions which meet the specific needs

More information

corporate travel insurance A buyer s guide Keeping your employees protected

corporate travel insurance A buyer s guide Keeping your employees protected corporate travel insurance A buyer s guide Keeping your employees protected A buyer s guide 3 corporate travel in these troubled times, it makes sense to purchase a corporate travel policy for your employees

More information

Greenlight Re. Rethinking Reinsurance

Greenlight Re. Rethinking Reinsurance Greenlight Re Rethinking Reinsurance Forward Looking Statements This presentation contains forward-looking statements within the meaning of the U.S. federal securities laws. We intend these forward-looking

More information

INSURANCE INDUSTRY LEADERS LAUNCH MICRO INSURANCE CONSORTIUM. Collaborative Innovation Serves the Risk Management Needs

INSURANCE INDUSTRY LEADERS LAUNCH MICRO INSURANCE CONSORTIUM. Collaborative Innovation Serves the Risk Management Needs NEWS RELEASE Media Contact: Edward L. Dandridge Marsh & McLennan Companies +1 212 345 9751 ed.dandridge@mmc.com Investor Contact: Keith Walsh Marsh & McLennan Companies +1 212 345 0057 keith.walsh@mmc.com

More information

Thomas E. Sears, Inc. is a Boston-based intermediary firm

Thomas E. Sears, Inc. is a Boston-based intermediary firm Thomas E. Sears, Inc. is a Boston-based intermediary firm specializing in property and casualty insurance and reinsurance. Prompt service, technical proficiency and marketing flexibility have always distinguished

More information

We provide access to worldwide accident & health, energy and European property and marine risks

We provide access to worldwide accident & health, energy and European property and marine risks Copenhagen We provide access to worldwide accident & health, energy and European property and marine risks We write worldwide accident, health and life, energy and European property and marine risks for

More information

The Airport Insurance Market a London perspective

The Airport Insurance Market a London perspective ace global markets The Airport Insurance Market a London perspective January 2008 Simon Abbott Senior Underwriter Introduction The London Insurance Market Lloyd s The London Company market The Placing

More information

2012 AIRLINE HULL & LIABILITY INSURANCE MARKET REVIEW MAY 2013

2012 AIRLINE HULL & LIABILITY INSURANCE MARKET REVIEW MAY 2013 2012 AIRLINE HULL & LIABILITY INSURANCE MARKET REVIEW MAY 2013 2012 AIRLINE HULL & LIABILITY MARKET OVERVIEW All the premium figures shown are based on Net Leaders terms and percentage change figures are

More information

Appendices. Investor Presentation Q4 2015. March 2016 www.lancashiregroup.com

Appendices. Investor Presentation Q4 2015. March 2016 www.lancashiregroup.com Appendices Investor Presentation Q4 2015 March 2016 www.lancashiregroup.com Lancashire: Property catastrophe reinsurance Mitigating impact of falling rates We buy more retrocession cover, attaching lower

More information

UNITED KINGDOM TERRORISM RISK INSURANCE PROGRAMME

UNITED KINGDOM TERRORISM RISK INSURANCE PROGRAMME UNITED KINGDOM TERRORISM RISK INSURANCE PROGRAMME Name of programme Pool Reinsurance Company Ltd (Pool Re) Date of establishment 1993 Basic structure Pool Re is a mutual reinsurance company authorized

More information

DATE: 10 December 2004 REF: Y3453 CALIFORNIA INSURANCE: MANDATORY DISCLOSURE STATEMENTS

DATE: 10 December 2004 REF: Y3453 CALIFORNIA INSURANCE: MANDATORY DISCLOSURE STATEMENTS FROM: Director, Worldwide Markets EXTN: 6677 DATE: 10 December 2004 REF: Y3453 SUBJECT: CALIFORNIA INSURANCE: MANDATORY DISCLOSURE STATEMENTS SUBJECT AREA(S): Revised disclosure notices and requirements

More information

Formation of Amlin Bermuda and rights issue to raise 215 million (net) November 2005

Formation of Amlin Bermuda and rights issue to raise 215 million (net) November 2005 Formation of Amlin Bermuda and rights issue to raise 215 million (net) November 2005 Important notice This document, which is personal to the recipient and has been issued by Amlin (the Company ), comprises

More information

REINSURANCE ISSUES FOR SUPERVISORS. by Richard Smith Chief Manager General Insurance Australian Prudential Regulation Authority

REINSURANCE ISSUES FOR SUPERVISORS. by Richard Smith Chief Manager General Insurance Australian Prudential Regulation Authority REINSURANCE ISSUES FOR SUPERVISORS by Richard Smith Chief Manager General Insurance Australian Prudential Regulation Authority Background My comments are made in the context of general (non-life) insurance

More information

Tyser & Co Limited - Strategic SWOT Analysis Review

Tyser & Co Limited - Strategic SWOT Analysis Review Brochure More information from http://www.researchandmarkets.com/reports/3035644/ Tyser & Co Limited - Strategic SWOT Analysis Review Description: Tyser & Co Limited - Strategic SWOT Analysis Review provides

More information

TECHNICAL & ENGINEERING INSURANCE ACE TECHNICAL LINES

TECHNICAL & ENGINEERING INSURANCE ACE TECHNICAL LINES TECHNICAL & ENGINEERING INSURANCE ACE TECHNICAL LINES Companies today are looking for an insurer who can cater for their whole range of technical or engineering insurance requirements, from machinery breakdown,

More information

JLT Specialty Limited is a member of the Jardine Lloyd Thompson Group of companies. Jardine Lloyd Thompson Group plc is an international group of

JLT Specialty Limited is a member of the Jardine Lloyd Thompson Group of companies. Jardine Lloyd Thompson Group plc is an international group of JLT Specialty Limited is a member of the Jardine Lloyd Thompson Group of companies. Jardine Lloyd Thompson Group plc is an international group of Risk Specialists and Employee Benefits Consultants. Listed

More information

Commercial Insurance Solutions. R K Harrison Insurance Services

Commercial Insurance Solutions. R K Harrison Insurance Services Commercial Insurance Solutions R K Harrison Insurance Services Welcome to R K Harrison R K Harrison is one of the leading independent commercial insurance providers in the UK. We combine the traditional

More information

Market Bulletin FROM: 1 Purpose

Market Bulletin FROM: 1 Purpose Market Bulletin One Lime Street London EC3M 7HA FROM: Manager, Overseas Reporting, Market Reporting LOCATION: G5/86 EXTENSION: 5490 DATE: 31 July 2003 REFERENCE: Y3109 SUBJECT: US TERRORISM RISK INSURANCE

More information

Actuarial services that enhance performance. Insurance PRECISE. PROVEN. PERFORMANCE.

Actuarial services that enhance performance. Insurance PRECISE. PROVEN. PERFORMANCE. Actuarial services that enhance performance Insurance PRECISE. PROVEN. PERFORMANCE. Today s challenges, tomorrow s opportunities In today s ever changing insurance market, companies face more stringent

More information

Conference Call on 1 Jan 2011 Non-Life Treaty Renewals

Conference Call on 1 Jan 2011 Non-Life Treaty Renewals Conference Call on Jan 2 Non-Life Treaty Renewals Hannover, 2 February 2 Important note Unless otherwise stated, the s part of the presentation is based on underwriting-year (U/Y) figures. This basis is

More information

Non-Life Insurance in Canada, Key Trends and Opportunities to 2019

Non-Life Insurance in Canada, Key Trends and Opportunities to 2019 Brochure More information from http://www.researchandmarkets.com/reports/3508625/ Non-Life Insurance in Canada, Key Trends and Opportunities to 2019 Description: The 'Non-Life Insurance in Canada, Key

More information

Peter Montanaro, Head, Delegated Authorities

Peter Montanaro, Head, Delegated Authorities market bulletin Ref: Y4535 Title Purpose Type From Master Policies & Group Schemes To provide updated guidance on worldwide master policies and group schemes written at Lloyd s and to notify the market

More information

PROPERTY CASUALTY INSURANCE REGULATION IN THE UNITED KINGDOM. Richard Spiller, Esq. 011 44 171 556 4541. Introduction

PROPERTY CASUALTY INSURANCE REGULATION IN THE UNITED KINGDOM. Richard Spiller, Esq. 011 44 171 556 4541. Introduction PROPERTY CASUALTY INSURANCE REGULATION IN THE UNITED KINGDOM This article considers: Richard Spiller, Esq. 011 44 171 556 4541 Introduction 1. What activities by an overseas insurer amount to the carrying

More information

Manage Risk Worldwide

Manage Risk Worldwide Manage Risk Worldwide Zurich International Programs Corporate customers 2 At Zurich, we re proud of our ability to help protect businesses that operate internationally. For nearly 40 years, we have built

More information

Aspen Insurance Holdings Limited

Aspen Insurance Holdings Limited Aspen Insurance Holdings Limited Chris O Kane, Chief Executive Officer Julian Cusack, Chief Financial Officer February 2007 Safe Harbor Disclosure This presentation contains non-gaap measures and is for

More information

Professional Liability Insurance for Chemical Consultants

Professional Liability Insurance for Chemical Consultants Professional Liability Insurance for Chemical Consultants Insurance solutions that work to protect you and your business. No matter how cautious you are, the possibility of being sued is a reality for

More information

The Insurance Industry in British Virgin Islands, Key Trends and Opportunities to 2017

The Insurance Industry in British Virgin Islands, Key Trends and Opportunities to 2017 The Insurance Industry in British Virgin Islands, Key Trends and Opportunities to 2017 Market Intelligence Report Reference code: IS0259MR Published: April 2013 www.timetric.com Timetric John Carpenter

More information

Connecting Insurance business... Connecting insurance businesses

Connecting Insurance business... Connecting insurance businesses Connecting insurance businesses Agenda: Who we are. What we do. What we have done for our clients. Our people. Who we are G&T Brokers is an independent City of London based Lloyd's Broker committed to

More information

Global Marine Insurance Report. Astrid Seltmann Fact and Figures Committee: Analyst/Actuary, Cefor - The Nordic Association of Marine Insurers, Oslo

Global Marine Insurance Report. Astrid Seltmann Fact and Figures Committee: Analyst/Actuary, Cefor - The Nordic Association of Marine Insurers, Oslo Global Marine Insurance Report Astrid Seltmann Fact and Figures Committee: Analyst/Actuary, Cefor - The Nordic Association of Marine Insurers, Oslo Warming up Find a suitable Shakespeare quote! IUMI and

More information

Professional Services. for global insurance markets

Professional Services. for global insurance markets Professional Services for global insurance markets Providing professional services to clients in the global insurance market Insurance is essential for successful international commerce. It provides the

More information

Captive & Insurance Management

Captive & Insurance Management Aon Risk Solutions Global Risk Consulting Captive & Insurance Management Location of captive parent company 500+ captives 250-500 captives 51-249 captives 10-50 captives

More information

Recent Developments in the Aviation Insurance Industry

Recent Developments in the Aviation Insurance Industry Recent Developments in the Aviation Insurance Industry By: Paul Hayes, Airclaims Ltd. Triant Flouris, San Jose State University Thomas Walker, Concordia University Overview We examine the inner workings

More information

70% of the world is covered by water,

70% of the world is covered by water, 70% of the world is covered by water, the rest is covered by clements. Global broker NetworK ProsPectUS Global Broker Network About the Network: Clements Worldwide, the leading provider of insurance solutions

More information

Clinical Trials Insurance. Global solutions for clinical trials liability

Clinical Trials Insurance. Global solutions for clinical trials liability Clinical Trials Insurance Global solutions for clinical trials liability Specialist cover for clinical research. The challenges of international clinical research are now increasing faster than ever. Pharmaceutical

More information

QBE INSURANCE GROUP ANNUAL REPORT DECEMBER 2006

QBE INSURANCE GROUP ANNUAL REPORT DECEMBER 2006 QBE INSURANCE GROUP ANNUAL REPORT DECEMBER CONTENTS in review 1 Chairman s report 2 Historical review 6 Chief executive officer s report 8 Worldwide portfolio mix 14 Group financial targets and performance

More information

creating choice through specialist insight 1 Creating Choice Through Specialist Insight

creating choice through specialist insight 1 Creating Choice Through Specialist Insight choice creating through specialist insight 1 Creating Choice Through Specialist Insight JLT Specialty Limited (JLT Specialty) is a member of the Jardine Lloyd Thompson Group of companies. Jardine Lloyd

More information

Cross Border Solutions

Cross Border Solutions Allianz Insurance plc Cross Border Solutions Your guide to cross border solutions with Allianz For intermediary use only ALLIANZ The world from your doorstep Territories covered Allianz & AGCS Offices

More information

Catlin Group Limited. Specialty Insurance and Reinsurance

Catlin Group Limited. Specialty Insurance and Reinsurance Catlin Group Limited Specialty Insurance and Reinsurance Catlin at a glance About the Catlin Group Catlin Group Limited is a leading international specialty insurer and reinsurer, providing creative risk

More information

2015-2018 Annual Insurance Program renewal. Government Management Committee. Deputy City Manager & Chief Financial Officer

2015-2018 Annual Insurance Program renewal. Government Management Committee. Deputy City Manager & Chief Financial Officer STAFF REPORT ACTION REQUIRED 2015-2018 Annual Insurance Program renewal GM3.23 Date: March 23, 2015 To: From: Wards: Reference Number: Government Management Committee Deputy City Manager & Chief Financial

More information

Catlin Insurance Company (UK) Ltd, part of the Catlin Group of Companies. Glossary COMMERCIAL MARINE CRISIS MANAGEMENT ASSET PROTECTION

Catlin Insurance Company (UK) Ltd, part of the Catlin Group of Companies. Glossary COMMERCIAL MARINE CRISIS MANAGEMENT ASSET PROTECTION Welcome to Catlin Catlin Insurance Company (UK) Ltd, part of the Catlin Group of Companies Welcome to the Catlin Group of companies, a leading specialty property and casualty insurer operating in more

More information

property owners Property insurance and rental protection

property owners Property insurance and rental protection property owners Property insurance and rental protection 1 Between 1990 and 2006 Ireland s property sector grew faster than that of any other developed economy. A period of intense growth in the Irish

More information

financial supplement 31 december 2009 Contact: Jonathan Creagh-Coen Telephone: +44 (0) 207 264 4066 Email: jcc@lancashiregroup.com

financial supplement 31 december 2009 Contact: Jonathan Creagh-Coen Telephone: +44 (0) 207 264 4066 Email: jcc@lancashiregroup.com financial supplement 31 december 2009 Contact: Jonathan Creagh-Coen Telephone: +44 (0) 207 264 4066 Email: jcc@lancashiregroup.com NOTE REGARDING FORWARD-LOOKING STATEMENTS: CERTAIN STATEMENTS AND INDICATIVE

More information

2014 Statutory Combined Annual Statement Schedule P Disclosure

2014 Statutory Combined Annual Statement Schedule P Disclosure 2014 Statutory Combined Annual Statement Schedule P Disclosure This disclosure provides supplemental facts and methodologies intended to enhance understanding of Schedule P reserve data. It provides additional

More information

BERMUDA INSURANCE RETURNS AND SOLVENCY REGULATIONS 1980 BR 16 / 1980

BERMUDA INSURANCE RETURNS AND SOLVENCY REGULATIONS 1980 BR 16 / 1980 QUO FA T A F U E R N T BERMUDA INSURANCE RETURNS AND SOLVENCY REGULATIONS 1980 BR 16 / 1980 [made under sections 18 and 53 of the Insurance Act 1978 and brought into operation on 1 January 1980] TABLE

More information

Allianz Global Corporate & Specialty Hull, Protection & Indemnity and Marine Liability Insurance

Allianz Global Corporate & Specialty Hull, Protection & Indemnity and Marine Liability Insurance Allianz Global Corporate & Specialty Hull, Protection & Indemnity and Marine Liability Insurance Comprehensive cover, flexible solutions Allianz Global Corporate & Specialty at a glance Full range of products

More information

Tokio Marine Management, Inc. Manager for Tokio Marine America Insurance Company

Tokio Marine Management, Inc. Manager for Tokio Marine America Insurance Company Our Long History in Marine Insurance Tokio Marine began writing Ocean Marine Cargo Insurance in Tokyo in 1879 and in 1880 expanded its operations to New York, London and Paris. Tokio Marine has been a

More information

Michael Wade Crown Representative for Insurance Cabinet Office. FT Future of Insurance

Michael Wade Crown Representative for Insurance Cabinet Office. FT Future of Insurance Michael Wade Crown Representative for Insurance Cabinet Office FT Future of Insurance Tuesday 30 th June 2015 London as an Insurance Centre The combination of Lloyd s managing agencies and company market

More information

RenaissanceRe. Agriculture Products

RenaissanceRe. Agriculture Products Syndicate 1458 Agriculture Products Syndicate 1458 Agriculture Products Syndicate 1458 is part of the Group of Companies a leading global provider of property catastrophe and specialty reinsurance, and

More information

Our specialist insurance services for Professionals risks

Our specialist insurance services for Professionals risks Our specialist insurance services for Professionals risks Price Forbes & Partners is an independent Lloyd s broker based in the heart of London s insurance sector. We trade with all of the major international

More information

Vietnam s Insurance Market: An Overview January 2014

Vietnam s Insurance Market: An Overview January 2014 Legal Update Insurance Vietnam 29 January 2014 Vietnam s Insurance Market: An Overview January 2014 1. Introduction Vietnam started liberalising its insurance market by allowing foreign insurers to participate

More information

QBE Trade Credit Trade Credit Insurance proposal form

QBE Trade Credit Trade Credit Insurance proposal form QBE Trade Credit Trade Credit Insurance proposal form QBE European Operations Please read the following information carefully This document sets out the important information that you, or your insurance

More information

How Elite Life & Disability Insurance Advisors Leverage Lloyd s of London To Enhance Their Best Client Relationships And Grow Their Practices

How Elite Life & Disability Insurance Advisors Leverage Lloyd s of London To Enhance Their Best Client Relationships And Grow Their Practices How Elite Life & Disability Insurance Advisors Leverage Lloyd s of London To Enhance Their Best Client Relationships And Grow Their Practices Published by: Exceptional Risk Advisors One International Boulevard

More information

UBS Global Financials Conference

UBS Global Financials Conference UBS Global Financials Conference George Culmer, Group CFO Simon Lee, CEO International 11 May 21 AGENDA Overview George Culmer, CFO UK International Simon Lee, CEO International Emerging Markets Wrap up

More information

Reinsurance in the civil aviation sector EALA - 9 th Munich Liability Seminar. 19 th May 2014 Roland Kuesters

Reinsurance in the civil aviation sector EALA - 9 th Munich Liability Seminar. 19 th May 2014 Roland Kuesters Reinsurance in the civil aviation sector EALA - 9 th Munich Liability Seminar 19 th May 2014 Roland Kuesters Agenda 1. Introduction to Reinsurance - Munich Re 2. Aviation reinsurance principles and functions

More information

Boiler & Machinery. Allianz Global Corporate & Specialty North America. Depend on our broad scope and focus.

Boiler & Machinery. Allianz Global Corporate & Specialty North America. Depend on our broad scope and focus. Boiler & Machinery Depend on our broad scope and focus. Allianz Global Corporate & Specialty North America offers a wide range of innovative Boiler & Machinery risk solutions for many types of businesses

More information

Top Business Risks 2016

Top Business Risks 2016 Allianz Risk Pulse Allianz Risk Barometer 2016 Appendix Top Business Risks 2016 The fifth annual Allianz Risk Barometer was conducted among both global businesses and risk consultants, underwriters, senior

More information

about us About Us In addition, MECON Winsure: Brisbane: Sydney: Melbourne:

about us About Us In addition, MECON Winsure: Brisbane: Sydney: Melbourne: about us About Us At MECON Winsure, we share our experience with insurance brokers in order to deliver tailored solutions for a wide range of businesses and requirements. Our team is committed to meeting

More information

energy JLT Specialty Limited Demand Different

energy JLT Specialty Limited Demand Different energy JLT Specialty Limited Demand Different JLT Specialty Limited Putting clients first JLT Specialty s Energy Division is recognised as a leading energy broker worldwide. In 2012, JLT Group placed more

More information

PDI-01 THE NATURE OF INSURANCE

PDI-01 THE NATURE OF INSURANCE PDI-01 THE NATURE OF INSURANCE KEY POINTS 2016 CHAPTER ONE: THE IRISH INSURANCE MARKET WHERE YOU WORK A The Irish insurance market The insurance market involves four main groups: Insurance buyers those

More information

marine insurance and risk management

marine insurance and risk management marine insurance and risk management Helping you transport your goods safely, on time and on budget Corporate customers 2 Helping meet your transportation needs Globalization has made our world smaller

More information

RFIB > From the big picture - to the fine detail. Delivering our knowhow to strengthen your business. RFIB > Insurance & reinsurance knowhow

RFIB > From the big picture - to the fine detail. Delivering our knowhow to strengthen your business. RFIB > Insurance & reinsurance knowhow RFIB > From the big picture - to the fine detail Delivering our knowhow to strengthen your business RFIB > Insurance & reinsurance knowhow RFIB > Insurance & reinsurance knowhow Our ability to deliver

More information

THIRD PARTY LIABILITY Market Forces

THIRD PARTY LIABILITY Market Forces ASIA OFFSHORE ENERGY CONFERENCE 2014 Intercontinental Hotel, Jimbaran, Bali, Indonesia 24 26th September 2014 THIRD PARTY LIABILITY Market Forces George Nassaouati of JLT Specialty / LPL Agenda 1. THIRD

More information

International Insurance Brokerage. Global risks demand global insurance solutions

International Insurance Brokerage. Global risks demand global insurance solutions e pat financial Global Financial Security International Insurance Brokerage Global risks demand global insurance solutions Table of Contents Introduction About Us Risk Solutions Why Expat Financial International

More information

Legal & General Insurance Limited

Legal & General Insurance Limited Annual PRA Insurance Returns for the year ended 31 December 2013 IPRU(INS) Appendices 9.1, 9.2, 9.5, 9.6 Returns under the Accounts and Statements Rules Contents of the Return Financial period ended 31

More information

Introduction to Insurance. Foundations of General Insurance. Regulation and Compliance. Personal Lines. Commercial Lines. Specialisms.

Introduction to Insurance. Foundations of General Insurance. Regulation and Compliance. Personal Lines. Commercial Lines. Specialisms. Guide to Content I F R P C S W Introduction to Insurance Foundations of General Insurance Regulation and Compliance Personal Lines Commercial Lines Specialisms The Workplace Assess is a web based system,

More information

Conway West Real Estate & Retail Solutions

Conway West Real Estate & Retail Solutions Conway West Real Estate & Retail Solutions Service Team Team Leader Whether it s lessor s risk, habitational, retail or warehousing we have the market and experience to customize creative and competitive

More information

UIB AVIATION AIRLINE RISK PROFILE. Dependable Corporate Insurance in any language

UIB AVIATION AIRLINE RISK PROFILE. Dependable Corporate Insurance in any language A guide to providing the necessary information, to present to aviation insurers Dependable Corporate Insurance in any language Algeria - Brazil - Colombia - Dubai - Germany - India - Japan - Korea - Malaysia

More information

QBE Dubai The specialist in business insurance

QBE Dubai The specialist in business insurance QBE Dubai The specialist in business insurance Introduction If you ve been given this brochure, it probably means you re considering doing business with us. We hope that what you read here will tell you

More information

The Right Defense for Your Firm

The Right Defense for Your Firm Hanover Essentials The Right Defense for Your Firm American Bar Association Study: MOST COMMON PROFESSIONAL LIABILITY CLAIMS Administrative or Clerical Errors: 16% of Claims Problematic Client Relations:

More information

Employers' Liability Insurance Insurance Summary

Employers' Liability Insurance Insurance Summary Employers' Liability Insurance Underwritten by a member of the QBE Insurance Group (QBE) This insurance is an annual contract unless stated otherwise in the quotation or renewal documentation and as confirmed

More information

International Division Corporate Profile

International Division Corporate Profile Morgan White Administrators International, Inc. Strength Innovation Service International Division Corporate Profile An innovative leader in International Life, Dental & Vision, Critical Illness, Medical

More information

THE MARINE INSURANCE INDUSTRY: THE PRINCIPAL MARKETS

THE MARINE INSURANCE INDUSTRY: THE PRINCIPAL MARKETS THE MARINE INSURANCE INDUSTRY: A GENERAL OUTLINE OF THE PRINCIPAL MARKETS Laurent Fortier STll(E~,ELLIOTT December 1, 1995 THE MARINE INSURANCE INDUSTRY; A GENERAL OUTLINE OF THE PRINCIPAL MARKETS This

More information