Lloyd's Insurance Company (China) Limited

Lloyd's Insurance (China) Co., Ltd

Lloyd's originated from Edward Lloyd's Cafe more than 300 years ago, providing insurance for the booming shipping and freight trade at that time. Since then, Lloyd's has gradually developed into a leading professional property and liability insurance market in the world. As of 2007, Lloyd's has been operating in more than 200 countries and regions around the world.

Introduction of insurance company

In March 2007, Lloyd's established a wholly-owned subsidiary, Lloyd's Reinsurance (China) Co., Ltd. (hereinafter referred to as "Lloyd's China" or "company") in Shanghai, China, to engage in non life insurance reinsurance business. the business scope of the company is as follows: 1. To operate the following insurance business in the administrative area of Shanghai and the provinces, autonomous regions and municipalities directly under the central government that have set up branches, except for statutory insurance: 1. Property loss insurance, liability insurance, credit insurance, guarantee insurance and other property insurance business; 2. Short term health insurance, accident insurance; 2. Non life reinsurance business, including insurance in China Reinsurance business in China, reinsurance business in China and international reinsurance business. (license based operations involving administrative licensing) Lloyd's insurers often take the lead in insuring new, unusual, or the most complex and expensive risks, and enjoy a global reputation. Lloyd's China will adhere to the principle of focusing on underwriting and the spirit of innovation in the Lloyd's market, and provide professional insurance and reinsurance protection for the rapidly developing Chinese insurance market. Lloyd's China aims to organically combine the unique market structure of Lloyd's with the advantages of the organizational form of the company as a legal person, and establish a unique business model of Lloyd's China. in May 2010, Lloyd's China obtained the approval of China Insurance Regulatory Commission to expand its non life direct insurance business on the basis of its original non life reinsurance business. This is of great and far-reaching significance to the development of Lloyd's in China. In October 2010, the company officially changed its name to Lloyd's Insurance (China) Co., Ltd. to reflect its expanded business scope. Since September 2011, Lloyd's China has officially started to operate its insurance business according to its expanded business scope. all businesses underwritten by Lloyd's China are fully protected by Lloyd's safety chain, so Lloyd's China enjoys the same credit rating as Lloyd's market, i.e. "a +" rating of standard & Poor's and Fitch, and "a" rating of A.M. Best. Lloyd's China is committed to becoming the preferred professional insurance and reinsurance provider for Chinese customers, aiming to provide customers with a wide range of choices while enjoying the benefits of market competition.

Leader's speech

On September 14, 2011, Lloyd's took the next step in China. Lord Levin, chairman of Lloyd's, said: "we are very glad that Lloyd's has taken the next step in China's development, which has become another milestone in the history of Lloyd's. We believe that the development of Lloyd's in Asia will play a vital role in our development in this century, and look forward to the success of Lloyd's in Asia as it entered the US market in the last century. " Gao Cong, chairman and general manager of Lloyd's China, said: "although this is a small step, it is of great significance to the development of Lloyd's China. In a certain period of time, reinsurance business will still be the main business of Lloyd's in China, but our direct insurance business has a huge development prospect. By providing risk protection for enterprises in the process of development, Lloyd's professional technology and underwriting capacity will contribute to the development of Shanghai into a financial center.

Historical premium scale

Top 10 premium income of insurance companies in 2012: historical premium income of Lloyd's is as follows:

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