Smith&Lloyds Insurance Group
Insurance and Risk Management Worldwide
Insurance and Risk Management Worldwide
Description: Is a conglomerate holding company with Headquarters in Sybilla that manages a number of subsidiary companies. Insurance and Reinsurance business activities are conducted through approximately 50 domestic and foreign-based insurance companies. Group’s insurance businesses provide insurance and reinsurance of property and casualty risks primarily in West Europe. In addition, as a result of the acquisitions in 2006, Smith’s insurance businesses also included life, accident and health reinsurers, as well as internationally-based property and casualty reinsurers. Its insurance companies maintain capital strength at exceptionally high levels. This strength differentiates Smith’s insurance companies from their competitors.
In 2009 Smith&Lloyds diversified their product list by creating a government bond insurance company to insure municipal and state bonds. These type bonds are issued by local governments to finance public works projects such as schools, hospitals, roads, and sewer systems. Today S&Ls owns $50 bln in fixed income securities, mainly foreign government bonds and corporate bonds.
The Company is willing to explore new markets and is interested in emerging European economies.
Industry: Insurance
HQ:
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Chairman: John Smith
Products: Property and casualty insurance, diversified investments
Revenue: $200 bln
Total Assets: $500 bln