The Energy Insurance Marketplace The London Picture

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The Energy Insurance MarketplaceThe London
Picture
MODERATOR Bob Daniels, Principal, Burke-Daniels
Co, Inc PANELISTS David Croom-Johnson,
Underwriter Director, AEGIS Managing Agency
Ltd Paul Dawson, Energy Underwriter, Beazley
Plc Brian Randall, Deputy Energy Underwriter,
Watkins Syndicate Simon Williams, Energy
Liability Underwriter, Hiscox Plc
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The Energy Insurance MarketplaceThe Brokers View?
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The Energy Insurance MarketplaceThe Underwriters
View!
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The Energy Insurance Marketplace Lloyds
Energy Issues 1996 - 2001
Premium 4,004,067,395 Claims 6,466,168,443 P
rofit/Loss (2,462,101,047)
ROE US 1.61 1
Source Lloyds LPC Data _at_ 30/06/03
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Lloyds Energy Account Losses 2002 YearSo far,
So good ?/!
2002 Premium at 18 Months 1,305,870,699 Claims
at 18 Months 222,283,694 Claims Developed
????
1996 2001 Average 594,234,108
563,805,169 1,077,694,740

• Average Claims 1996 2001 1,077,694,740
• 2002 Premium to date 1,305,870,699

ROE US 1.61 1
Source Lloyds LRC Data _at_ 30/06/03
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Lloyds - Shaping the FutureManaging the Cycle

• Profit 1.3 billion for 2002
• Record capacity for 2003 at 23.2 billion
• Stable and Long Term Capital
• Focus on Profitability

Pro-forma annual accounting basis
ROE US 1.61 1
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Lloyds - Shaping the FutureRegulation
Modernisation

• FSA
• The Franchise Structure
• Service Standards
• The Object of Profit

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The Lloyds Energy Insurance MarketCurrent Issues

• Profitability
• Reinsurance
• Capacity
• Exposure

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The Energy Insurance MarketplaceThe London
Picture
Questions Answers
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Lloyds Shaping the Future

• The largest international insurer of US Surplus
  Lines business
• 93 of the Dow Jones IA insure at Lloyds
• Global reach in excess of 120 countries
• Strong return to profitability in 2002
• AM Best and S P Ratings A (Excellent) and A-
  (Strong) Respectively