LLPs revolutionise flagging insurance market

NEWS ANALYSIS

Lloyds of London is reviving the insurance market with increasingly appealing products for wealthier investors

BY jenne mannion Lloyds of London has had its bad press over the years, but the world's oldest insurance market has revived itself and now represents an attractive proposition for wealthy investors. Although many investors would steer clear due to Lloyds' poor reputation after the asbestos claims of the 1990s and the terrorist attacks of 11 September 2001, the industry has enjoyed a revival in recent years. The market has stabilised since the difficulties of the 1990s and early 2000s, with these events, together with hurricanes in the US, drastically accelerating the demand for insuranc...