Lloyd’s of London News

Lloyd’s Suit, Upcoming NFL Draft Shine Light on Sports Insurance

As the 2015 National Football League draft approaches, a lawsuit against Lloyd’s of London by former University of Southern California Trojans receiver Marqise Lee has placed a spotlight on sports disability insurance. Insurance agents say lawsuits in this high-profile sports …

Lloyd’s Appoints Brit Group CEO Cloutier to Franchise Board

Lloyd’s announced that Mark Cloutier, CEO of Brit PLC, will be joining the Lloyd’s Franchise Board, as of April 1, 2015. He has been the CEO of the Brit Group since October 2011, and has more than 35 years’ experience …

Former California Surplus Lines Chair Gibbs Loved Stories, Clients

George N. Gibbs Jr. was a man who was famous in insurance circles for his ability to tell a good story, and those who knew him say he was passionate about protecting the interests of his clients. Gibbs died on …

Atlas General Insurance Services, LLC, Announces Addition of New Binding Agreement for Its Property DIC Division

San Diego, CA, January 6, 2015: Atlas General Insurance Services, LLC, a national multi-line program manager, is pleased to announce the addition of a new binding agreement for its Property DIC Division. The agreement, underwritten by Lloyd’s of London, will …

USI Insurance Services Launches Terrorism Insurance Underwritten by Lloyd’s

USI Insurance Services has launched a new terrorism insurance product to address the expiring Terrorism Risk Insurance Program Reauthorization Act (TRIPRA), which ends Dec. 31. Unlike TRIPRA however, USI’s Terrorism Facility Solution, which is underwritten by Lloyd’s of London, covers …

Lloyd’s Names Cooper as its First Country Manager in Dubai

Lloyd’s announced that Mark Cooper has been appointed as the market’s first Country Manager for Dubai. Beginning in February he will head up Lloyd’s new operation in the Dubai International Financial Centre (DIFC), “managing the platform and supporting Managing Agents …

NAS Insurance Services Introduces Regulatory Business Interruption Ebola Coverage

Encino, Calif.-based NAS Insurance Services, a full-service specialty insurance underwriting manager, has partnered with Prospect Insurance Brokers Ltd. and Ark Specialty Programs of Lloyd’s of London to launch an insurance program for businesses facing the threat of Ebola-related closure. Regulatory …

Lloyd’s Posts First-Half Profits of $2.72 Billion

Lloyd’s reported a profit of £1.67 billion {$2.7218 billion] for the first six months of 2014, marking a 21 percent increase on the corresponding period last year. The announcement said that “while these results show an improvement over the equivalent …

Brit Launches Cyber Product for Critical Infrastructure, Industrial Machinery

Brit PLC, a global specialty insurer and reinsurer, has developed an insurance service to protect companies operating critical infrastructure and industrial machinery from terrorist and other malicious attacks, such as sabotage, espionage and theft. Critical infrastructure, operated through complex software …

Wildfire Spending In Oregon Triggers Lloyd’s Insurance Policy

Oregon’s tough wildfire season has pushed spending to the point the state Department of Forest is tapping its special insurance policy for the second year in a row. The Bulletin reported that state wildfire costs exceeded the $20 million deductible …