Title: The Energy Insurance Marketplace The London Picture
1The Energy Insurance MarketplaceThe London
Picture
MODERATOR Bob Daniels, Principal, Burke-Daniels
Co, Inc PANELISTS David Croom-Johnson,
Underwriter Director, AEGIS Managing Agency
Ltd Paul Dawson, Energy Underwriter, Beazley
Plc Brian Randall, Deputy Energy Underwriter,
Watkins Syndicate Simon Williams, Energy
Liability Underwriter, Hiscox Plc
2The Energy Insurance MarketplaceThe Brokers View?
3The Energy Insurance MarketplaceThe Underwriters
View!
4 The Energy Insurance Marketplace Lloyds
Energy Issues 1996 - 2001
Premium 4,004,067,395 Claims 6,466,168,443 P
rofit/Loss (2,462,101,047)
ROE US 1.61 1
Source Lloyds LPC Data _at_ 30/06/03
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6Lloyds Energy Account Losses 2002 YearSo far,
So good ?/!
2002 Premium at 18 Months 1,305,870,699 Claims
at 18 Months 222,283,694 Claims Developed
????
1996 2001 Average 594,234,108
563,805,169 1,077,694,740
- Average Claims 1996 2001 1,077,694,740
- 2002 Premium to date 1,305,870,699
ROE US 1.61 1
Source Lloyds LRC Data _at_ 30/06/03
7Lloyds - Shaping the FutureManaging the Cycle
- Profit 1.3 billion for 2002
- Record capacity for 2003 at 23.2 billion
- Stable and Long Term Capital
- Focus on Profitability
Pro-forma annual accounting basis
ROE US 1.61 1
8Lloyds - Shaping the FutureRegulation
Modernisation
- FSA
- The Franchise Structure
- Service Standards
- The Object of Profit
9The Lloyds Energy Insurance MarketCurrent Issues
- Profitability
- Reinsurance
- Capacity
- Exposure
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11The Energy Insurance MarketplaceThe London
Picture
Questions Answers
12Lloyds Shaping the Future
- The largest international insurer of US Surplus
Lines business - 93 of the Dow Jones IA insure at Lloyds
- Global reach in excess of 120 countries
- Strong return to profitability in 2002
- AM Best and S P Ratings A (Excellent) and A-
(Strong) Respectively