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Member, Beacon International Group, Ltd.
LONDONLloyd's of London's opening capacity for 2007 is £16.1 billion ($31.70 billion), up 9% compared with opening capacity for 2006, the market 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% share; and Amlin, with 6.2%.
Those individual investors at Lloyd's who underwrite with unlimited liability--known as Lloyd's 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 6.8%.