Lloyd’s of London News

Re/Insurance Business Leaders Begin to Comment on Post-Brexit World

The UK joined the European Union in January 1973, and yesterday, the UK public voted to leave. After 43 years of marriage, the divorce proceedings will soon begin. No one knows how long it will take for the UK to …

Channel Syndicate Launches Innovation Division, Names Allen as Tech Head

Channel Syndicate 2015 at Lloyd’s is launching an Innovation Division, which will further structure Channel’s activities and organization to explore new classes and opportunities outside its traditional portfolio. The Innovation Division will support Channel’s commitment to new technologies and its ambition …

Foo Fighters Suing Lloyd’s in California over Concert Canceled after Paris Attacks

The Foo Fighters are suing insurers for failing to reimburse them for European shows they cancelled following the Paris terrorist attacks in November. The suit, filed Monday in federal court in Los Angeles against underwriters with Lloyd’s of London and loss adjuster …

Antares Launches Casualty Treaty Division with Appointment of Jarman

London-based Antares, a member of the QIC Group, has launched a casualty treaty offering with the appointment of Neil Jarman as casualty treaty manager. Jarman takes up his new role with immediate effect, reporting to Kieran Oliver, non marine underwriting …

‘Brexit’ Would Damage UK’s Leadership Position in Insurance: Aon

Aon Plc Chief Executive Officer Greg Case, who moved the insurance broker to London from Chicago four years ago, said the U.K.’s centuries-long leadership in the industry would be damaged if voters choose to leave the European Union. “The U.K. …

Specialist Lloyd’s Insurer Neon Opens Bermuda Office with Fisher as CEO

The specialist Lloyd’s insurer Neon, formerly known as Marketform, announced it has opened an office in Bermuda as it grows its international footprint with greater access to both the Bermudian and U.S. markets. Located at 29 Victoria Street, Hamilton, the …

Bigger Is Better for Lloyd’s Syndicates with Active Cycle Mgmt: S&P

Benign catastrophe losses, combined with lower and less frequent casualty lines claims, helped Lloyd’s syndicates deliver another strong set of results in 2015, reporting an average combined ratio of 90 percent, according to a report published by Standard & Poor’s. …

Future of London Market Threatened by ‘Brexit’, Warn Market Leaders

Brexit poses a grave threat to London’s insurance jobs and businesses, according to the International Underwriting Association of London (IUA), Lloyds, and Richard Brindle, group chief executive officer of Fidelis. In a position paper published today, these market leaders warned …

Travelers & Novae Join Lloyd’s Construction Consortium; Capacity Rises to $320M

Two insurers, Travelers and Novae, have joined the Construction Consortium at Lloyd’s to offer greatly increased underwriting capacity for the largest construction risks in the world across all major onshore construction and engineering risk categories. The consortium was launched in …

Ropner Insurance Services Appoints 6 New Brokers as Part of Ongoing Expansion

Ropner Insurance Services Ltd., the Lloyd’s and London market broker, has appointed six new brokers as part of its ongoing expansion, following the Global Risk Partners Ltd.-backed management buyout last year: Gary Watson and Stewart Alliston have joined the international …