(Bloomberg) -- The waiting list for an insurer to get a spot on the underwriting floor of Lloyd’s of London is the longest in its 327-year history, indicating record demand for access to the market.
Lloyd’s has requests for about 160 so-called box seats, where underwriters and brokers negotiate policies face-to-face, from insurers seeking to join or expand as the market moves into more countries, a spokesman said. It comes even as surplus capital places pressure on reinsurance prices in one of the past decade’s quietest years for catastrophe losses.
“The Lloyd’s brand is very powerful,” Barrie Cornes, an analyst at Panmure Gordon & Co. in London, said by telephone. “Distribution is a very big attraction, along with the access to business you get whilst sitting in the Lloyd’s building.”
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.
