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Strength & Security
Strengths of the syndicate
- Experienced underwriting team: its eight syndicate directors have more than 230 years of cumulative insurance service
- Established network of UK and Irish offices which offer Lloyd’s qualities of security (S&P rated “A+ Strong”), flexibility and service for regionally produced business.
- S&P LSA rating of '5' - View report (pdf - 454 kb)
- Moody's performance rating A- (good)
- S&P Lloyd’s Syndicate Assessment of “5” (very low dependency), the highest ever awarded to any Lloyd’s syndicate
- Total syndicate funds of £1.2 billion
- Ability to underwrite a £50 million line for employers’ liability and third party business
- Exceptional record of achieving a profit to capital providers averaging 22.3% for the 1993 to 2004 years
- Part of QBE Underwriting Limited, the largest managing agent at Lloyd’s with:
- £1.12 billion of underwriting capacity for 2008
- £2.4 billion of total funds under management
- QBE (main underwriting entities rated S&P “A+”) as its ultimate parent company and provider of 69.6% of 2008 underwriting capital
- Relationship with QBE which provides access to sophisticated and mature corporate resource, to the benefit of the business and its clients
Lloyd's Security
Lloyd's has a history of over 300 years, highlighted by its impeccable claims payment record. It conducts business in excess of 100 countries and is the world's leading insurance market.
It offers unique security to policyholders combined with the additional security given by the Central Fund. Lloyd's is rated A (Excellent) by A.M. Best's and A+ (Strong) by Standard and Poor's.
The Lloyd's of London web site contains more information regarding Lloyd's financial security.
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