The Energy Insurance Marketplace The London Picture - PowerPoint PPT Presentation

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The Energy Insurance Marketplace The London Picture

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The Energy Insurance Marketplace The London Picture – PowerPoint PPT presentation

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Title: The Energy Insurance Marketplace The London Picture


1
The 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
2
The Energy Insurance MarketplaceThe Brokers View?
3
The 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
5
(No Transcript)
6
Lloyds 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
7
Lloyds - 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
8
Lloyds - Shaping the FutureRegulation
Modernisation
  • FSA
  • The Franchise Structure
  • Service Standards
  • The Object of Profit

9
The Lloyds Energy Insurance MarketCurrent Issues
  • Profitability
  • Reinsurance
  • Capacity
  • Exposure

10
(No Transcript)
11
The Energy Insurance MarketplaceThe London
Picture
Questions Answers
12
Lloyds 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
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