Lloyd's withstood storms well, reinsurance broker says.Lloyd's Lloyd's, London insurance underwriting corporation of many separate syndicates; often called Lloyd's of London. Founded in the late 17th cent. by a group of merchants, shipowners, and insurance brokers at the coffeehouse of Edward Lloyd, the association is now "relatively small" loss in 2005 marked a "strong" underlying performance in the face of massive hurricane claims, reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. broker Guy Carpenter Guy Carpenter was fictional character in the Australian soap opera Neighbours played by Andrew Williams from 1991 to 1992. Family Tree
Latin - any dialect of the language of ancient Rome twelvemonth, year, yr - a period of time containing 365 (or 366) days; "she is 4 years old"; "in the year 1920" report on the Lloyd's market. Net hurricane losses of 3.31 billion [pounds sterling] (about $6 billion) drove Lloyd's to an overall loss of 103 million [pounds sterling] (about $187 million) in 2005. The combined ratio--losses and expenses as a percentage of premiums--was 111.8 in 2005, which includes 28.1 points of losses associated with hurricanes Katrina, Rita and Wilma, Guy Carpenter said. By comparison, the market's combined ratio was 96.6 in 2004. All of the Lloyd's market's noncatastrophe lines, including casualty, marine, motor and aviation, were profitable, Guy Carpenter said. |
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