Lloyd’s Posts 23% Gain in U.S. Premium Income

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.