Lohmann Sees Lloyd’s Easing Out Of Reinsurance

Monte Carlo

Lloyds will evolve back to being a specialist insurance market and out of reinsurance, except perhaps for the specialty areas of aviation and marine, according to Dirk Lohmann, group chief executive officer for Converium Ltd., the Zurich-based reinsurer.

Sept. 11 exposed Lloyds for what it is–a grouping of small- and medium-sized capitalized entities that rely on reinsurance to gear up their balance sheets, he said during a breakfast speech at the reinsurance Rendez-Vous de Septembre.

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