Welcome address
lord levene, chairman,
lloyd’s
Introduction
antonio prida, member of the
committee for uk mexico
business relationships
Trends & strategic
plans for mexico: risks
and opportunities
manuel aguilera, cnsf
Introduction to
lloyd’s
jose ribeiro, director,
international markets, lloyd’s
Índice
1 Sobre Lloyd’s:

Qué es y cómo funciona

Seguridad y solvencia financiera
2 Lloyd’s en México
3 Resultados
5
© Lloyd’s
Qué es
Lloyd’s?
6
© Lloyd’s
Es el mercado lider de seguros
especializados en el mundo
7
© Lloyd’s
Lloyd’s es diferente!

Lloyd’s es una sociedad de
miembros que opera como un
mercado de seguros. No es una
compañía de seguros.

Lloyd’s tiene miembros. No tiene
accionistas ni socios.
8
© Lloyd’s
Estructura de
Lloyd’s
9
© Lloyd’s
Participantes en Lloyd’s

The Society & Corporation of
Lloyd’s

Miembros de Lloyd’s.

Sindicatos de Lloyd’s

Managing Agents.

Lloyd’s Brokers

Coverholders / Service
companies
10
© Lloyd’s
Estructura del mercado de Lloyd’s
Corporation of Lloyd’s
Gestión
53
181 corredores
de Lloyd's
Asegurados
 Directo
Suscriptores
Facultados
 Reaseguro
Compañías de
Servicio
FLUJO DE NEGOCIOS
Agentes
Gestores
Miembros
85
Sindicatos
Suscripción
Agentes
(miembros)
 Corporativos
 Personas
PROVISIÓN DE CAPITAL
© Lloyd’s
11
Fuente: Lloyd’s al 31/12/09;
AGENTES GESTORES ( Managing Agents)
Policyholders
 Direct
 Reinsurance

Los sindicatos que suscriben
riesgos en Lloyd's conjuntamente
forman uno los aseguradores mas
grandes del mundo, y un
reasegurador líder.

El mercado de Lloyd's cuenta con
53 agentes gestores que
administran 85 sindicatos.
Corporation of Lloyd’s
Management
48
51
176
Managing
Agents
Lloyd’s
Brokers
Service
Companies
Underwriting
BUSINESS FLOW
Fuente: Lloyd’s al 01/01/09
 Corporate
Members
Agents
 Individual
CAPITAL PROVISION
© Lloyd’s
12
Members
78
80
Syndicates
SEGURIDAD Y
SOLVENCIA
FINANCIERA
13
© Lloyd’s
Fortaleza y estabilidad
Activos a nivel de sindicatos
1ER
NIVEL
GBP 37,400m
ACTIVOS
DIVERSOS
Fondos de miembros de Lloyd's
2do
NIVEL
GBP 13,159m
ACTIVOS
MUTUOS
3er
GBP 983m
Activos corporación GBP 143m
NIVEL
Deuda subordinada / valores
GBP 958m
capa
suplementaria
GBP 683m
Fondo central
CADENA DE RESPALDO OFRECE EXCELENTE SEGURIDAD y EFICIENDIA DE CAPITAL
14
Fuente: Society of Lloyd’s financial statements, Annual Report, (Marzo 2010)
© Lloyd’s
Ratings financieros
Calificaciones
Las principales agencias de
calificación reconocen la
fortaleza de Lloyd’s y su
fuerte capitalización.
Los ratings de Lloyd’s
aplican a toda póliza emitida
por cualquier Sindicato de
Lloyd’s desde 1993.
En los últimos años, nuestros
ratings han resistido, prueba
de nuestra fortaleza
financiera y competitiva.
Fitch Ratings
A+ (fuerte), estable
Standard & Poor’s
A+ (fuerte), estable
+
A
A
A.M. Best
A (excelente), estable
Calificaciones confirmadas en Julio /Septiembre 2010
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© Lloyd’s
Lloyd’s en México
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© Lloyd’s
Posición de Lloyd’s en México
●
registrado como reaseguradora extranjera desde 1985
●
primas : USD 330 millones (2009), crecimiento de 65% en
últimos 5 años
●
reclamaciones : respuesta y apoyo al mercado después de
pérdidas catastróficas
●
clases de riesgo


17
todas las clases de P&C
algunos nichos de A&E (accidentes y gastos médicos)
© Lloyd’s
Resultados - benchmark
COMBINED RATIO
130
110
101
102
100
94
91
90
99
97
92
86
84
70
50
Lloyd's
US P/C Industry (i)
2005
US Reinsurers (ii)
2006
2007
2008
European
(Re)Insurers (iii)
Bermudian
(Re)Insurers (iii)
2009
Lloyd’s continues to compare well against its peers
18
© Lloyd’s
Sources: Sources i) Insurance Information Institute (estimate-2009), ii) Reinsurance Association of America, iii) Company data (8 European companies:
17 Bermudian companies)
Coffee break
Lloyd’s – the broker
perspective
richard elias – chairman,
howden insurance brokers
Lloyd’s – the benefits
of being a lloyd’s
coverholder
nick hales – head of business
development, talbot
LLOYD’S A COVERHOLDER’S PERSPECTIVE
Nicholas J. Hales
Enter source,
notes or legal copy here.
Managing
Director
Underwriting Risk Services Ltd
INTRODUCTION
• The delegated authority models
– Service company
– Coverholder
– Managing General Agent (MGA)
• Facts
• How we utilise the models
• Attractive model to Lloyd’s
• Benefits of being a coverholder
• Q&A
Enter source, notes or legal copy here.
23
DELEGATED AUTHORITY MODELS
• Service company
“Service company coverholder” means an approved coverholder that –
(a) Is associated with a managing agent by reason of –
(i) It being a wholly owned subsidiary of the managing agent
(ii) It being a wholly owned subsidiary of the managing agent’s
holding company
Enter source, notes or legal copy here.
24
DELEGATED AUTHORITY MODELS
• Coverholder
A coverholder is a firm that is authorised by a managing agent under
the terms of a binding authority to enter into a contract of insurance to
be underwritten by members of a syndicate.
Insured
Local
Broker
Lloyd’s
syndicates
COVERHOLDERS
Lloyd’s
Broker
Enter source, notes or legal copy here.
25
DELEGATED AUTHORITY MODELS
• Coverholder
• They allow Lloyd’s syndicates to operate as if it were a local insurer
• A Lloyd’s syndicate delegates full or limited authority to a company
(usually a broker) to commit to contracts on its behalf
• The rights and obligations of the coverholder are set out in a contract
(the binding authority) which is renewed annually
• Coverholders issue the insurance documentation to policyholders
• Many coverholders are given the authority to handle claims
• The Lloyd’s Corporation approves all coverholders
Enter source, notes or legal copy here.
26
DELEGATED AUTHORITY MODELS
• Managing General Agent
A managing general agent (MGA) is a firm authorised by an
insurer to transact insurance business who may have authority
to bind the insurer, issue policies, appoint producers, adjust
claims and provide administrative support for the types of
insurance coverage pursuant to an agency agreement.
Enter source, notes or legal copy here.
27
FACTS
• Approximately 2000 coverholders (ex UK)
• Approximately 200 service companies
• £6bn of premium transacted via these models to Lloyd’s
• Approximately 26% of Lloyd’s income
Enter source, notes or legal copy here.
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HOW WE USE THESE MODELS
• Service company
Singapore
Via Lloyd’s Asia platform
• Service company
Miami and Chile
Latin American Treaty and
Facultative Business from region
• Coverholders / MGA’S
Location:
Specialising in:
New York
Onshore Energy / Marine
London
Onshore Energy / Yachts /Marine
(Marinas) / Builders Risks /
Dubai
Energy / Construction
Fine Art
Enter source, notes or legal copy here.
29
BENEFITS TO US
• Distribution channel and access to regional markets
• Become part of the local marketplace
• Focus on specialist / niche areas of underwriting
• Have a capacity which is attractive to local buyers
• Permit local underwriting to complement other areas
Enter source, notes or legal copy here.
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WHY ARE THESE ATTRACTIVE MODELS TO LLOYD’S?
• Agent of underwriters (not policyholders)
• Utilise local expertise / specialists
• Issue local documentation / Collect premiums / Pay claims
• Access point for Lloyd’s security into local markets
Enter source, notes or legal copy here.
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KEY BENEFITS OF BEING A COVERHOLDER
• Access to Lloyd’s brand, security and ratings
• Access to specialist underwriting expertise
• Ability to issue policies, authorise and handle claims
Enter source, notes or legal copy here.
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CONCLUDING REMARK
Some Personal Thoughts
“Coverholders represent and contribute to the strength
and
diversity of the Lloyd’s franchise. They should be
seen as the
focus for local knowledge, local
relationships and the true local
voice for the international
Lloyd’s brand”.
Enter source, notes or legal copy here.
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Questions
Enter source, notes or legal copy here.
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Lloyd’s panel
jose ribeiro
richard elias
nick hales
antonio prida
Coffee & networking
Descargar

delegated authority models