Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Lloyd's capacity tops $31 billion

Reprints

LONDON—Lloyd's of London's opening capacity for 2007 is £16.1 billion ($31.7 billion), up 9% compared with opening capacity for 2006, it announced.

The largest direct capital providers—corporate-owned members of Lloyd's — for 2007 are Catlin Group Ltd., which is providing £1.09 billion ($2.14 billion), QBE Insurance Group Ltd. through its Limit Underwriting Ltd. managing agency, with £1.02 billion ($2.01 billion), and Amlin P.L.C. with £1.00 billion ($1.97 billion).

The largest managing agents for 2007, are Limit, with a 7.0% market share, Catlin with a 6.8% market share, and Amlin with a 6.2% market share.

Those individual investors at Lloyd's who underwrite with unlimited liability—known as Names—have a 6.8% market share of opening capacity for 2007, down from a 9.7% share in 2006, while individual members with limited liability have a 8.7% market share of opening capacity, up from a 6.8% share in 2006.