Lloyd’s News

Ryan Specialty Group Launches Healthcare Partnership with Lloyd’s Underwriters

Ryan Specialty Group, LLC (RSG) has formed RSGUM Healthcare, a new healthcare and life science underwriting facility, in partnership with the healthcare and life science underwriters at Lloyd’s of London. Lloyd’s support for this comes from Amlin, Chaucer, Catlin, Hiscox, …

Best Revises Insurance Holding Company and Debt Ratings: Companies Affected

A.M. Best announced that it has made some revisions to the criteria it uses in constructing its ratings reports, which will “provide clarification on several issues related to the rating of an insurance company’s debt, including A.M. Best’s approach to …

ACE Expands Global D&O Coverage Through Lloyd’s Syndicate

ACE Group has launched ACE 2488 Global D&O, an enhanced global directors & officers (D&O) liability insurance proposition for multinational organizations. Adding Lloyd’s coverage through ACE Syndicate 2488 to its existing suite of D&O products enables ACE to provide protection …

Secure Settlements Launches Mortgage Settlement Insurance

Secure Settlements, Inc. (SSI), a data intelligence and risk analytics company for the mortgage industry, has partnered with RFIB Group Ltd. and certain underwriters at Lloyd’s of London to offer a new product that will insure lenders utilizing SSI’s ClosingGuard …

Surplus Lines Took Hit from Sandy in 2012 But Appears Back on Track in 2013

Surplus lines insurers in 2012 posted one of their worst years overall as their underwriting performance fell below that of the total property/casualty (P/C) industry for the first time in more than a decade. Much of the blame for these …

Firms Helping Boat Owners Test Waters of ‘Sharing Economy’

Getting out on the open sea, wind in your hair, enjoying the ride with your family and friends. Then there’s the boat payments, storage fees, fuel, maintenance and repair — these costs can quickly sink the dream of boat ownership. …

Berkley Life Sciences Now Lloyd’s Coverholder for U.S. Business

Berkley Life Sciences, a global life sciences underwriter, has been accredited as a Coverholder, in conjunction with Berkley Global Underwriters, LLC, on behalf of Lloyd’s of London. As a Coverholder, Berkley Life Sciences is able to secure locally accepted insurance …

TWFG General Agency Named Lloyd’s Coverholder

Texas-based The Woodlands Financial Group announced it has been approved as a coverholder at Lloyd’s of London, which authorizes its TWFG General Agency to enter into contracts of insurance and to issue insurance documentation under a Lloyd’s registered binding authority. …

IICF Northeast Division Awards Record Total of Grants

The Insurance Industry Charitable Foundation (IICF) Northeast division made its largest-ever distribution of charitable grants at its sixth annual benefit dinner on Wednesday, Dec. 12. The total amount of awarded grants is $960,000. David Brinkman, chair of the IICF Northeast …

NYC Marathon Organizers Likely to Get Millions From Event Insurance

The New York Road Runners — a non-profit community running group and the organizer of the annual New York City Marathon — could get millions of dollars in insurance proceeds thanks to its event cancellation coverage. The New York Road …