Articles - Lloyd's maintains strength after largest catastrophe claims


 For the Lloyd’s market, 2011 was the largest catastrophe claims year on record, and Lloyd’s today announced a loss of £516m. The Lloyd’s market incurred total net claims of £12.9bn, including £4.6bn of catastrophe claims.

 Chief executive Richard Ward said “Make no mistake, 2011 was a difficult year for the insurance industry. Given the scale of the claims, a loss is unsurprising but it reflects what we’re here to do–help communities and businesses rebuild after disaster.

 It is also reassuring that, despite this loss, our financial strength has been maintained. It’s testament to Lloyd’s robust oversight and professionalism in the market today.”

Back to Index


Similar News to this Story

Managing active members on the DB pensions endgame journey
Considering options to provide future defined benefit (DB) pension accrual under your long-term plan can help you take advantage of favourable insur
Whats next for innovation
In this episode, Sarah Myerscough from BIBABroker speaks with QBE Insurance’s David Jones about how innovation across an array of industries is creati
Why our health system must be preventative to be sustainable
More than twenty years ago, Sir Derek Wanless and the Health Trends Review team at HM Treasury produced the landmark report: Securing our Future Healt

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.