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Article: looking up.(NEWS)(financial news)(Financial report)

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Business Insurance
Article date:
August 31, 2009
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Byline: ADRIAN LADBURY

Lloyd's of London is enjoying a boom policyholders can only benefit from as other rival insurance groups struggle to deal with weak investment returns and falling premium volumes, according to market leaders.

The market reacted vigorously after the Sept. 11, 2001, U.S. terrorist attacks, when it and the wider international insurance market faced massive catastrophe losses that collapsed investment returns.

Lloyd's Chairman Lord Peter Levene arrived in November 2002 and worked

with market leaders chiefly through the Market Reform Group and then Chief Executive Richard Ward (see story, page 18) to drive through a ...

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