Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Lloyd’s Chairman Sees Industry at a “Crossroads”
Feb 12 2003 // “The insurance industry is facing a series of critical choices in the near future,” stated Lloyd’s Chairman Lord Levene, speaking before an audience of 130 insurance professionals at the Conrad Hotel in...
Lloyd’s Joins WTC Lawsuit in Support of “One Occurrence” Assertion
Feb 10 2003 // Twenty Lloyd’s Syndicates filed a brief with the U.S. Court of Appeal on Friday in support of Swiss Re, Travelers and other insurance companies in their battle with Silverstein Properties over whether the destruction...
John Coldman and Bronek Masojada Re-elected as Lloyd’s Deputy Chairmen
Feb 10 2003 // Lloyd’s announced that John Coldman and Bronek Masojada have been re-elected as deputy chairmen for a further year at a meeting of the Council of Lloyd’s held last Tuesday February 4. Coldman is Chairman of...
Trenwick to Increase Reserves by $107 Million in Q4
Jan 31 2003 // Bermuda’s Trenwick Group Ltd. announced that it will increase its reserves for losses in the fourth quarter of 2002 by $107 million, or $2.90 per share. The company indicated that the decision “follows a...
Lord Levene Stresses Lloyd’s Certainty to Risk Managers; Appointments Announced
Jan 30 2003 // Lloyd’s Chairman, Lord Levene, speaking to the Association of Insurers and Risk Managers (AIRMIC) at the Institute of Directors in London, described Lloyd’s as “a beacon of certainty in an uncertain...
Lloyd’s Accredits, Canadian, Italian Brokers
Jan 24 2003 // Lloyd’s announced that it has recently accredited Canada’s Beach & Associates Ltd. and Italy’s Aon Italia Srl as the first new brokers to be given full access to the Lloyd’s market in...
EC to Decide Whether to Charge U.K. on Lloyd’s Regulation
Jan 20 2003 // The European Commission, the top regulatory body of the European Union, is reportedly set to decide on Tuesday whether to file formal charges against the U.K. for failing to apply EU regulatory standards to the...
Lloyd’s Chairman Notes U.S. Premium Income Rises to New High of $8.2B
Jan 16 2003 // In his inaugural speech as Chairman of Lloyd’s of London, Lord Levene confirmed that the U.S. continues to be Lloyd’s largest single market accounting for approximately 40 percent of its business. He announced...
Montemayor Sends Biennial Report, Recommendations to Lawmakers
Jan 13 2003 // Texas Insurance Commissioner Jose Montemayor recently submitted the Biennial Report, required under Section 32.022 of the Insurance Code, to Texas legislators suggesting needed changes in laws relating to insurance...
Xchanging Launches Enhanced Claims Review -ECR- Service
Jan 9 2003 // Business Process Outsourcing company Xchanging announced the launch of the second phase of its ECR Service to review non-moving claims files for the Lloyd’s market for years of account 1993 onwards. A regular review...
Trenwick Finalizes Agreement With Lloyd’s Letter of Credit Providers
Dec 25 2002 // Bermuda-based Trenwick Group Ltd. announced that it has entered into definitive final agreements with its Lloyd’s letter of credit providers with respect to the renewal of $182 million of letters of credit supporting...
Lloyd’s Welcomes Four New Brokers
Dec 20 2002 // Lloyd’s announced that it has issued accreditation to four new brokers, including the first from India, as part of its ongoing initiative, launched in 2001, to widen access to the London market. The brokers are CK...
Lloyd’s Appoints Faraday’s Rolf Tolle as Franchise Performance Director
Dec 17 2002 // Rolf Tolle, currently the Chief Underwriting Officer of Faraday Group, General Re’s Lloyd’s and London Market insurance and reinsurance operation, has been appointed as the first Performance Director of the...
HCC to Acquire Lloyd’s Specialty Broker Dickson Manchester Ltd.
Dec 17 2002 // Stephen L. Way, Chairman and CEO of Houston-based HCC Insurance Holdings, Inc. announced that the Company had reached an agreement to acquire Lloyd’s broker Dickson Manchester & Company Limited (DM). “DM...
Grabbing the Headlines in 2002
Dec 16 2002 // Who made the most “news” as opposed to the most “noise” in 2002? There were lots of candidates, but the ones we’ve selected usually made news because they faced problems or took initiatives...
Movin’ & Shakin’: ERC, Lloyd’s Shake Up Reinsurance Market
Dec 16 2002 // The events of Sept. 11 were a defining moment in the reinsurance market; a watershed event that opened up the eyes of everyone in the insurance industry, forcing a re-evaluation of the industry’s practices,...
Grabbing the Headlines in 2002
Dec 16 2002 // Who made the most “news” as opposed to the most “noise” in 2002? There were lots of candidates, but the ones we’ve selected usually made news because they faced problems or took initiatives...
They Did It Their Way
Dec 16 2002 // When you’re compiling a list of top 10’s, there is always the fear of leaving someone off, admitting someone who maybe does not deserve the billing or having the players out of order of importance. Believe me,...
Martin Hudson Named CEO of The St. Paul at Lloyd’s
Dec 13 2002 // The St. Paul Companies announced that Martin Hudson has been named as the new CEO of The St. Paul at Lloyd’s, following the resignation of David Reed. Hudson, who will also retain his current position as CEO of St....
S&P Takes Favorable View of Trenwick’s Financing Agreement
Dec 13 2002 // Standard & Poor’s Ratings Services has issued a comment on Bermuda-based Trenwick Group Ltd.’s recent agreement in principle with its Lloyd’s letter of credit providers which will allow it to...
