Lloyds Chairman Lord Peter Levene is very interested in seeing expansion of global markets outside of the U.S., he told me yesterday during a chat at the Peabody, here in Orlando. Thats the hotel famous for ducks marching into and out of the lobby every day and frolicking in the hotel fountain.
Mr. Levene said the U.S. accounts for a huge 40 percent of Lloyds business and that while he would like to see business in the U.S. increase, he would also like to see it decrease as a percentage of Lloyds total business.
The U.S., he said, will always be the bedrock of Lloyds business because Lloyds is understood and well regarded here. After all, Lloyds has a history with the U.S., which has viewed it favorably. In the U.S. Lloyds wrote its first policy about 200 years ago and is well known for helping to build back San Francisco after the great fire. It also has gotten publicity for some quirky coverages over the years. Recently it insured Ugly Bettys smile and in the past insured the ghost on the Queen Mary.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
