Copying and distributing are prohibited without permission of the publisher
FEATURE: Learning to love Lloyd’s
14 July 2010
Once the epitome of old school insurance, the Lloyd’s model now looks so modern it has spawned an imitation. We ask what the market’s strategy for the near future is.
Read more:
lloyd's
“All roads lead to London and Lloyd’s.” Not the words of a Lloyd’s broker or indeed a market underwriter, but a leading North American risk manager. That’s not a bad recommendation and is testament to how Lloyd’s has continued to grow and play a strategic role in the global insurance and reinsurance industry, after the difficult years in the 1990s.But the secret to success is never to stand still and take things for granted, and Lloyd’s this year announced a three year strategic plan to ensure it stays at the top and is able to meet the challenges of the new decade. And there are clearly some difficult challenges and decisions for Lloyd’s ahead.The ever present threat of regulatory reform still hangs over the entire financial services industry, and Lloyd’s is keen to stress the differences between banking and insurance. In his foreword to Lloyd’s Annual Report 2009, Lord Peter...
You must be logged in to view this page. If you are already a registered user please log in. Alternatively, you can request a free trial or subscribe.