Lloyd’s – the Golden Arches of insurance

Never having worked with or visited Lloyd’s, I’ve always had trouble understanding how it operated. I’m not alone. From its own web site: “Lloyd’s is the world’s best known – but probably least understood – insurance brand.” It’s not a company, it’s not a consortium of companies. So what is Lloyd’s? This month’s Contingencies magazine [...]

The future of actuaries – the view at Lloyd’s

InsuranceERM interviews Henry Johnson, actuary at Lloyd’s of London. The interview focuses on how the operation is adopting Solvency II, but I’d like to focus on other parts: First, what capital regulation means to the actuarial profession. In short, actuaries are becoming more important contributors:

Lloyd’s results: not so bad

A lot of buzzing the past day or so about Lloyd’s of London’s first-half profits. Business Insurance was typical: LONDON—Lloyd’s of London said its pretax profit fell by more than half during the first six months of this year due to significant claims and reduced investment returns. Lloyd’s said Tuesday that its pretax profit was [...]

London vs. Bermuda: Right brain vs. left

Via Business Insurance, some stories are just too interesting…. At Monte Carlo this week, the Insurance Intellectual Capital Initiative released a study comparing underwriting at the Lloyd’s and Bermuda markets. (The organization is a bunch of Lloyd’s-related companies that want to mesmerize me personally, and maybe accomplish something tangible.) Here’s the nut: