A colourful history

1. A colourful history

2. Key dates and milestones • Lloyd’s at home • Lloyd’s and tradition • Lloyd’s and innovation A Colourful History

3. Key dates and milestones A Colourful History

4. 17th century A Colourful History

5. Key dates in this period 1605 Gunpowder Plot 1666 Great Fire of London Great Fire of London 'Glorious' Revolution 1688 1688 Glorious Revolution A Colourful History

6. Lloyd’s coffee house first appeared in tower street sometime in the 1680s A Colourful History

7. 1688 ships and cargos underwritten A Colourful History

8. 18th century A Colourful History

9. Key dates in this period 1712 First steam engine 1750s Beginning of the Industrial Revolution 'Glorious' Revolution 1688 1775-1783 War of American Independence A Colourful History

10. 1771 Lloyd’s becomes the property of the subscribers A Colourful History

11. 19th century A Colourful History

12. Key dates in this period 1805 Battle of Trafalgar 1837 Victoria crowned Queen of England 1876 Telephone invented A Colourful History

13. 1871 Act of Parliament A Colourful History

14. 1887 first non marine risk underwritten Late 1880s first US risk underwritten A Colourful History

15. Lloyd’s business 2006 In2006 non marine made up over 90% of the business at Lloyd’s Non Marine Marine In the same year the US made up nearly 40% of the business at Lloyd’s US Other A Colourful History

16. 20th century A Colourful History

17. 1914-1918 1939-1945 The world at war Key dates in this period 1917-1990 Rise and fall of Communism 'Glorious' Revolution 1688 1969 Man on the moon A Colourful History

18. 1906 San Francisco earthquake A Colourful History

19. 1925 Central Fund created 1939 Lloyd’s American trust established A Colourful History

20. Today Security is of paramount importance to all policyholders and today the Central Fund and Premium Trust Funds are still two ways. Lloyd’s backs its ability to pay claims. Central Fund 2006 = £629 million. Trust Funds 2004 = £28 billion. A Colourful History

21. A string of losses between1988-92threaten Lloyd’s future Piper Alpha Asbestosis Hurricane Hugo Exxon Valdez Hurricane Andrew European storms A Colourful History

22. 1997 Lloyd’s returns to its roots, underwriting the world’s largest ever marine risk A Colourful History

23. 9/11 A Colourful History

24. Lloyd’s at home A Colourful History

25. 1688 Lloyd’s coffee house tower street 1774 The royal exchange Cornhill A Colourful History

26. 1928 12 Leadenhall street 1958 51 lime street A Colourful History

27. 1986 one lime street A building with a strong ‘image’ of quality A Colourful History

28. Lloyd’s and tradition A Colourful History

29. ThELutine bell Traditionally rung to herald important announcements A Colourful History

30. Nelson at lloyd’s From almost his first days in the Royal Navy in 1771, Nelson’s Fortunes were associated with those of Lloyd’s A Colourful History

31. Lloyd’s waiters used to be sent down to the dockside to bring news of thenew ships The waiters can still be seen at Lloyd’s today A Colourful History

32. Lloyd’s and innovation Constant originality A Colourful History

33. Cuthbert Heath – a real innovator Cuthbert heath is credited with a number of firsts at Lloyd's including: An all-risk policy for jewellery workers compensation insurance Bankers blanket bonds Contents insurance underwrote the first risk based on American soil at Lloyd’s A loss-of-profits element in fire policies A Colourful History

34. Pioneering new risks • Lloyd’s has always led the way, being the first to underwrite motor, aviation and satellite insurance 1904 1911 1960s A Colourful History

35. World’s first commercial space flight • With Lloyd’s legendary appetite for risk, SpaceShipOne the first private manned space flight was able to get off the ground A Colourful History

36. Disclaimer The information contained in this presentation is being provided on a confidential basis and should not be made available to the general public, the media or any third party without the express prior written consent of Lloyd’s. This information is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation. It is the responsibility of any person communicating the contents of this document or communication, or any part thereof, to ensure compliance with all applicable legal and regulatory requirements. The content of this presentation does not represent a prospectus or invitation in connection with any solicitation of capital. Nor does it constitute an offer to sell securities or insurance, a solicitation or an offer to buy securities or insurance, or a distribution of securities in the United States or to a U.S. person, or in any other jurisdiction where it is contrary to local law. Such persons should inform themselves about and observe any applicable legal requirement. Lloyd’s has provided the material contained in this presentation for general information purposes only. Lloyd’s accepts no responsibility and shall not be liable for any loss which may arise from reliance upon the information provided. This presentation includes forward-looking statements. These statements reflect Lloyd's current expectations and projections about future events and financial performance, both with respect to Lloyd's in particular and the insurance, reinsurance and financial and services sectors in general. All forward-looking statements address matters that involve risks, uncertainties and assumptions because they relate to events and depend on circumstances that will occur in the future and which are beyond the control of Lloyd’s. Based on a number of factors, actual results could vary materially from those anticipated by the forward-looking statements. These factors include, but are not limited to, the following: (a) rates and terms and conditions of policies may vary from those anticipated; (b) actual claims paid and the timing of such payments may vary from estimated claims and estimated timing of payments, taking into account the preliminary nature of such estimates; (c) claims and loss activity may be greater or more severe than anticipated, including as a result of natural or man-made catastrophic events; (d) competition on the basis of pricing, capacity, coverage terms or other factors may be greater than anticipated, or Lloyd's products could become uncompetitive in light of changes in market conditions; (e) reinsurance placed with third parties may not be fully recoverable, or may not be paid on a timely basis, or such reinsurance from creditworthy reinsurers may not be available or may not be available on commercially attractive terms; (f) developments in the financial and capital markets may adversely affect investments of capital and premiums, or the availability of equity capital or debt; (g) changes in legal, regulatory, tax or accounting environments in relevant countries may adversely affect (i) Lloyd's ability to offer its products or attract capital, (ii) claims experience, (iii) financial return, or (iv) competitiveness; (h) mergers, consolidations, divestitures and other transactions by third parties could adversely affect Lloyd's, including but not limited to changes in the distribution or placement of risks due to increased consolidation of insurance and reinsurance brokers; or (i) economic contraction or other changes in general economic conditions could adversely affect (i) the market for insurance generally or for certain products offered by Lloyd's, or (ii) other factors relevant to Lloyd's performance. The foregoing list of factors is not comprehensive, and should be read in conjunction with other cautionary statements that are included herein or elsewhere. Lloyd’s cautions readers to consider carefully such factors. Any forward-looking statements speak only as of the date they are made. Lloyd's undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

37. A Colourful History