The PIU Communicator Library
Pardon Me, But You Have Holes in Your DI Coverage! - 08/06/2024
We are pleased to announce that on Thursday, August 15th at 2:00 PM EDT, Tom Petersen, Vice President of Petersen International Underwriters will be the guest lecturer of the International DI Society’s August study group. Tom will touch on the history of the venerated Lloyd’s of London insurance market and how American agents and brokers […]
Another Milestone for a Grand Organization - Monday, March 31, 2014
Thursday, March 27, 2014 marked the celebration of the 325th anniversary of the Lloyd’s of London insurance market which was founded in a 17th century London coffee house frequented by merchants and ship captains seeking to spread marine and cargo risks…
The Security of a Disability Policy Backed by Lloyd’s - Tuesday, April 10, 2012
Many Insurance Agents become concerned when they read government required affidavits that are attached to Surplus Lines insurance policies. “THIS INSURER IS NOT ADMITTED IN THIS STATE AND IS NOT SUBJECT TO THE FINANCIAL REGULATION THAT APPLY TO THIS STATE, INCLUDING PARTICIPATION IN THE GUARANTEE FUND…
Lloyd’s Enters It’s 324th Year - Friday, April 4, 2003
Born of necessity, the World’s Oldest and Largest Insurance Market operated in obscurity for nearly a Century. Merchants and Sea Captains negotiating and contracting on the wharves at London worked out plans of sharing each other’s perils. Manufacturers and merchants stood to lose a fortune if the ship failed to reach its destination…
If You Knew What We Know - Wednesday, January 2, 2002
Lloyd’s, the world’s oldest and largest insurance organization has measured up to another giant catastrophic challenge. It has been announced that its ingenious “CHAIN OF SECURITY” has the strength to handle the obligations imposed upon it by the WTC catastrophe…
Lloyd’s Press Release - Wednesday, December 12, 2001
The Lloyd’s of London insurance market will next year expand to reach record-breaking size – with the potential for a further increase during the first half of next year.Announcing its expected capacity for 2002, Lloyd’s said that the market’s ability to accept premiums will rise from £11 billion to £12…