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LLOYD'S OF LONDON

British Insurance Exchange housing various syndicates who
    underwrite Commercial and Political Risks Insurance lines
Political Risks since 1970; Commercial Risks since 1995
   (prohibited by charter from underwriting "financial guarantees"
   from the 1930's until 1995)

LLOYD'S POLICY TYPES

Comprehensive Commercial and Political Risks Trade Credit
    Insurance
Contract Frustration (Pre-shipment, Post-shipment - Non
    Payment/Non Transfer and Non-Delivery)
Wrongful Calling of Guarantee or Stand-by Letter or Credit
CEN - Confiscation, Expropriation, Nationalization and
    Deprivation (Fixed and Mobile Assets)
War Risks (Land-based and Mobile Assets)
Other Political Risks

LLOYD'S POLICY PARAMETERS

Mostly Short Term
Medium Term Maximum Policy Period: 3 Years
Insured Percentage: 90%
Waiting Period: 180 Days minimum (except CEN None)
Single Transactions and Multi-Buyer trade credit insurance
Upper Market: %15 million + sales
No "War" Exclusions

LLOYD'S CREDIT RATING

Lloyd's of London
Lime Street
London EC3, United Kingdom

Overseen and administered by a Governing Board who periodically elect a Chairman from the membership for a fixed term.  Problems encountered with a certain high volume of claims and resulting wunderwriting losses in the early 1990's caused Lloyd's to undertake a comprehensive Reconstruction and Renewal program in 1996.   These former claims were formally seperated from the ongoing underwritings of the exchange and Lloyd's has returned to profitability in recent years.  Lloyd's policies are written on an excess and surplus lines basis in the U.S., except in the State of Illinois where Lloyd's is an admitted insurer.  Although its syndicates are the actual underwriters or "risk takers", Lloyd's is rated by the folowing creit rating services.

Ratings

S&P's
A+
Duff & Phelps Moody's Demotech
Bests
A

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P.O. Box 211837 - Augusta, Georgia 30917-1837
Telephone: (706) 210-4379
E-mail: info@exportinsurance.com

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