Our aims are profitability, modernity and transparency," Lloyd's
Chairman Sax Riley said in a statement.
Payne held a two-day hearing this week on the suit by the Lloyd's
investors, including 450 Americans seeking to force Lloyd's
to provide more details about investors' financial obligations under the settlement.
Broker Gateway will be provided through a strategic partnership between Lloyd's
The territorial scope of business written and Lloyd's
worldwide market access remain positive rating factors.
Among key initiatives, Lloyd's
has raised its standards for accepting members, is expanding its distribution reach and is creating a Web site (www.
is indeed a major player in reinsurance, but globally, it accounts for only 38 percent of its total business, according to Lloyd's
2012 annual report (and just 27 percent of its business in the U.
Luke Savage, Lloyd's
finance director and acting chief executive, offered a similar assessment of the 2005 catastrophe picture, describing it as worse than "anything we've seen before.
I am delighted that His Excellency, President Hu Jintao, has confirmed that Lloyd's
will now be able to support China in this critical area.
We are very excited that such esteemed tenants as Lloyd's
and Protege Partners have selected The Museum Office Building among many other possible options," said Ms.
Further work needs to explore whether other theories can account for global patterns of brain activity better than Lloyd's
does, he adds.
These were the investors who were desperate to join Lloyd's
syndicates and who were willing to risk all, in terms of unlimited liability, to join the fabled ranks of "Names" who would benefit from Lloyd's
You may know Lloyd's
of London as the venerable, old-line British insurance house where the employees wear red tailcoats with brass buttons and where policies are written on all sorts of oddball risks that no one else has the imagination to insure: Betty Grable's legs, Bob Feller's fastball, the Space Shuttle, offshore oil rigs, and the Dallas Cowboys.