Although insurers and reinsurers around the globe are dealing with the fallout of the financial crisis, on top of claims from multiple natural catastrophes, Lloyd's and the London market are sitting pretty, and buyers who now more than ever must answer to their boards about where they place their coverage are taking notice, key players doing business across the pond contend.

"Right now we're in a position that we've never been in before," according to LoriAnn Lowery, president of Lloyd's North America, based in New York. "We're not dealing with a lot of issues--we're dealing with a lot of benefits."

Ms. Lowery pointed out that while many commercial insurance carriers have been weakened in the financial crisis and investment market meltdown, Lloyd's credit rating has been reaffirmed, it has a sound central fund and more than 70 managing agents "who are strong and resilient on their own, and make up the body of Lloyd's."

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