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News - Guy Carp praises Lloyd's resilience.
(From Reinsurance)
Guy Carpenter has praised the strength, stability, resilience and adaptability of Lloyd's in its fourth annual report on the (re)insurance market.
The report found that as a result of enhanced risk management and three consecutive years of significant profit, Lloyd's was well positioned to absorb the substantial claims arising from a second year of unprecedented natural catastrophes in 2005:
"Lloyd's continues to be a strong and stable reinsurance market for our clients, despite six of the 10 largest insured losses in US history occurring in the last two years," said Geoffrey Bromley, chairman of Guy Carpenter's European and Asian Operations.
In addition to providing in-depth analysis of Lloyd's 2005 results, recent trends in capacity, the market's capital structure and the current ratings in effect, the report examines the role of the ...
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