Lloyd's in the 21st Century: After the Precipice


Mike Warner  
Conning, Inc.

Conning Research: Resurgent Lloyd’s Market Model Poses Opportunity and Strategic Challenge to U.S. Insurers  

(Hartford, CT) September 27, 2010—The resurgent Lloyd’s market is a model for focused underwriting that U.S. insurers should understand as they strive to achieve the twin goals of discipline and nimble, opportunistic growth in their domestic operations, according to a new study by Conning Research & Consulting.

“Even in a sluggish insurance market, Lloyd’s has demonstrated how a concerted focus of human and financial capital on the core concern of insurers – underwriting – can generate results superior to those of other insurers,” said Jerry Theodorou, analyst at Conning Research & Consulting. “Understanding how Lloyd’s has achieved this has many rewards for the astute corporate planner.”

The Conning Research study, “Lloyd’s in the 21st Century: After the Precipice” analyzes the Lloyd’s market after a period of radical reform. It examines the structure and competitive position of Lloyd’s, drilling down to the syndicate level, as well as the challenges it faces today.

“The structure and operations of the Lloyd’s market differ markedly from those characterizing typical U.S. property-casualty insurers,” said Stephan Christiansen, director of research at Conning. “An appreciation of the differences and the implications of the differences in turn can help strategic planning for practitioners of either model, as one learns from best practices and is stimulated to find ways to improve one’s operations. Lloyd’s is not likely to be replicated, but U.S. insurers could profit from learning from what it does well.”

“Lloyd’s in the 21st Century: After the Precipice” is available for purchase from Conning Research & Consulting by calling (888) 707-1177 or by visiting the company’s web site at www.conningresearch.com.

About Conning Research & Consulting  

Conning Research & Consulting is a division of Conning, a provider of asset management and insurance industry research and consulting services to insurers.  Conning Research & Consulting has published independent insurance industry research for 50 years, including market coverage of 30 segments of the industry in addition to industry forecasting and identification and analysis of major strategic issues. As a result of its wealth of experience and intimate knowledge of the insurance industry, Conning understands industry challenges and opportunities and provides in-depth analyses on a wide range of industry products and issues. Conning is headquartered in Hartford, CT.