Lloyd’s News

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 …

Lloyd’s Report Focuses on ‘Gap’ in Disaster Costs and Insurance Coverage

A new report from Lloyd’s notes that the “the world has been battered by natural catastrophes in recent years, revealing a serious gap between the economic cost of natural catastrophes and the levels of insured risk.” Recently published research, Lloyd’s …

Fitzpatrick Named ANV Chief Operating Officer; Will Lead U.S. Expansion

ANV Holdings BV, the Dutch-headquartered specialty insurance business and owner of Lloyd’s Syndicate 1861, announced that Sean Fitzpatrick has joined its executive team as chief operating officer of the ANV Group, as well as leading ANV’s underwriting expansion efforts in …

Lloyd’s America Names Northeast Region Director in Boston

Lloyd’s, the world’s specialist insurance market, appointed Glenn Dorr as director of Lloyd’s America’s Northeast region.The Northeast region is one of four established by Lloyd’s America in late 2010 to reinforce Lloyd’s commitment to its distribution partners in this historically …

Best Affirms Markel International, Lloyd’s Syndicate Ratings; Outlook Stable

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a+” of UK-based Markel International Insurance Company Limited (MIICL) and Lloyd’s Syndicate 3000. The outlook for all ratings remains …

Risk Managers’ Top 3 Concerns: Interest Rates, Currency Markets, Regulations

Interest rates, volatile currency markets and changing regulations are the top three things keeping risk managers from their sleep. Those are the conclusions summarized in an article on the Lloyd’s web site that revues the findings of the “The Risk …

Xchanging Secures Lloyd’s Claims Reporting Contract

Xchanging, the business process, procurement and technology services provider and integrator, announced that it has been awarded a contract to build the platform for the Lloyd’s Claims Reporting Suite (CRS). Xchanging said it “will develop an environment which comprises 10 …

Canopius’ Chief Inga Beale Stresses ‘Client Focus’ for European Success

Lloyd’s has a good reputation in Europe, but managing agents need to become more client focused to be successful on the continent, explained Inga Beale, Group Chief Executive at Canopius Group Ltd. in an article on the Lloyd’s web site. …

Berkley Technology to Cover U.S. Tech Business through Lloyd’s

Berkley Technology Underwriters, LLC, a Minneapolis-based global technology underwriter and part of the W.R. Berkley Group, announced that it has “been accredited as a Coverholder on behalf of Lloyd’s of London. As a Coverholder, Berkley Technology Underwriters is able to …