Security
ProRisk offers policies with the following Security: ProRisk offers policies with the following Security:
Lloyd's of London
Lloyd's of London (“Lloyd’s”) is the world’s leading insurance market providing specialist insurance services to business in over 200 countries and territories. Lloyd’s is not an insurance company but a society of members, both corporate and individual, who underwrite in syndicates. Professional underwriters accept risks on behalf of the syndicates. Together, the syndicates underwriting at Lloyd’s form one of the world’s largest commercial insurers and a leading reinsurer.
Lloyd's underwriters are authorised insurers in Australia under the provisions of the Australian Insurance Act 1973 as amended by the Insurance Laws Amendment Act 1998. Lloyd’s underwriters are authorised to carry on insurance business subject to compliance with security trust fund arrangements, whereby assets are required to be held in trust in Australia. Lloyd’s is required to report quarterly and annually to the Australian Prudential Regulation Authority.
Lloyd’s premium capacity in 2005 is £13.7 billion and, as at December 2004, Lloyd’s central assets are valued at £1,184 million. Lloyd’s currently enjoys ratings of "A" (Strong) from Standard & Poor's and "A" (Excellent) from A.M. Best.
Liberty International Underwriters
Liberty International Underwriters (“LIU”) is a trading name of Liberty Mutual Insurance Company, a division of Liberty Mutual Group Inc. LIU was formed in 1999 as a global specialty lines underwriter providing specialised coverage of complex risks.
Liberty Mutual Insurance Company is authorised as a general insurer by the Australian Prudential Regulation Authority.
Liberty Mutual Group Inc. is a diversified international group of insurance companies. As of 31 December 2004, Liberty Mutual Group Inc. had US$72.4 billion in consolidated assets and US$19.6 billion in consolidated revenues.
Liberty Mutual Group Inc. holds ratings of "A" (Excellent) from A.M. Best and "A" (Strong) from Standard & Poor's.
