Lloyd’s of London News

Spate of Climate Change Reports Ahead of Global Summit

Ahead of December’s big and much-talked about United Nations Climate Change Conference, COP21 or CMP11, it seems there’s been an information ramp up of sorts. I’m not just talking about Pope Francis’ crusade to call attention to climate change – he most recently said …

Lloyd’s Report Highlights Vulnerability of Global Food System

Lloyd’s has published the results of a study that examines the “vulnerability of the overstretched global food system to sudden shocks, and the wide repercussions for communities, businesses and governments.” Lloyd’s said the scenario, produced in conjunction with UK and …

EU Mounts Fresh Bid to End U.S. Reinsurance Collateral Rule

The European Union will mount a fresh bid to persuade the United States to free up the billions of euros in collateral it requires foreign reinsurers to set aside against policies. EU states agreed on Tuesday to give the bloc’s …

Lloyd’s Names Magrath Western Regional Director

Lloyd’s of London has named Richard Magrath regional director for its Western U.S. region. Magrath will be based in Los Angeles, Calif. with responsibility for market development activities in California, Oregon, Washington, Arizona, New Mexico, Nevada, Colorado, Idaho, Utah, Wyoming, Montana, …

Lloyd’s of London Offers Wildfire Insurance to Oregon at Higher Rates

The state of Oregon has a chance to continue its unique insurance policy that helps pay for fighting wildfires in big burning years – but at a higher premium and deductible. Lloyd’s of London has offered to cover up to …

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 …