Led by a strong performance in its surplus lines business, Lloyd’s announced a 23 percent gain in U.S. premium income for the year 2000 to $5.9 billion from $4.8 billion in 1999.
“This increase is a reflection of the hardening rates that began to appear in 2000 especially in the areas of surplus lines and reinsurance, in which Lloyd'(s has historically been a key player,” stated Wendy Baker, President of Lloyd’s America, Inc.
Topics USA Profit Loss Excess Surplus Lloyd's
Was this article valuable?
Here are more articles you may enjoy.
State Insurance Legislators ‘Greatly Disturbed’ by Trump AI Regulation Order 
Insurance Covers Settlement Paid by Stocks Instead of Money: Delaware High Court 
One of Highest Property Claims Severity Recorded in Q3 on Low Volume, Says Verisk 
Insurance Industry ‘Megadeals’ Dominate 2025, Says PwC 
