Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
3 Questions for Lloyd’s U.S. Chief Hank Watkins
Sep 7 2020 // Lloyd’s of London announced it plans to stop accepting admitted market accounts in the United States in a year and focus on the U.S. reinsurance and excess and surplus (E&S) insurance market, where it is the...
Beat Capital Partners with Bain Capital to Support Lloyd’s Syndicate 4242
Sep 2 2020 // The London-based, insurance-focused investment firm Beat Capital Partners said it is creating a dedicated underwriting vehicle, funded by Bain Capital Credit, which will provide capital through its Syndicate 4242 to...
Lloyd’s Gets to Keep $3 Million Because FDIC Waited Too Long to Collect
Aug 25 2020 // Lloyd’s of London does not have to pay the U.S. government’s Federal Deposit Insurance Corp. $3 million in judgment interest because the FDIC waited too long —18 months after a final judgment — to try to...
Lloyd’s Appoints Canal’s Bond as U.S. Head of Claims
Aug 25 2020 // Lloyd’s of London has named Carey Bond as U.S. head of Claims, a newly created role that stems from the Future at Lloyd’s strategy. Based in Greenville, South Carolina, he’ll be responsible for overseeing...
Direct Insurance Names Business Development Manager for Its Lloyd’s Brokers
Aug 21 2020 // Direct Insurance Group has appointed Simon England to business development manager for its Lloyd’s broker division, Direct Insurance London Market (DILM). England joins from Compass where he was strategic accounts...
S&P Says Underwriting in Lloyd’s Market Continues to Improve
Aug 21 2020 // The Lloyd’s market looks unlikely to turn an underwriting profit in 2020 given the pandemic and hurricane season. However, there a signs of improvement, according to analysts at S&P Global Ratings. S&P notes...
Middle East Insurers Likely to Absorb Bulk of Losses from Beirut Port Blast: Sources
Aug 14 2020 // Insurers in the Middle East are expected to absorb a large part of the losses from Beirut’s explosion last week with Lloyd’s of London and other international players expected to be less exposed, insurance...
Lloyd’s Selects 10 Insurtechs for Its Innovation Accelerator, Focusing on COVID-19 Risks
Aug 11 2020 // The Lloyd’s re/insurance market announced the latest cohort of insurtech disruptors that will join its Lloyd’s Lab innovation accelerator program with a focus on COVID-19 products and solutions. The insurtechs...
Lloyd’s Broker Ed Taps Ulhaq from RFIB to Expand Int’l Facultative Reinsurance Offering
Aug 6 2020 // Ed, the London-based reinsurance, wholesale and specialty broker, announced the appointment of Assad Ulhaq as senior broker and producer with immediate effect. In this role Ulhaq will focus on international property...
Lloyd’s Promotes Spyropoulos to CEO, Lloyd’s Asia, and Country Manager, Singapore
Aug 4 2020 // Lloyd’s, the specialist insurance and reinsurance market, announced it has promoted Pavlos Spyropoulos to CEO of Lloyd’s Asia and country manager of Singapore, effective July 29, 2020. Pavlos...
Lloyd’s Launches Culture Dashboard, Sets Gender Target for Market
Jul 31 2020 // The Lloyd’s re/insurance market has launched a Culture Dashboard and has set a gender target for the market supported by a commitment to achieve parity between men and women over the next decade. These measures mark...
AXA XL Announces Leadership Team for UK & Lloyd’s Region
Jul 27 2020 // AXA XL announced the new leadership team for its UK & Lloyd’s region. Effective immediately, the appointments are part of the proposed changes to the operating model of AXA XL’s Insurance business following...
Lloyd’s Insurer Beazley Reports 1st Half Loss of $13.8M on Mounting COVID-19 Claims
Jul 23 2020 // British insurer Beazley swung to a loss for the first half on Thursday after setting aside $170 million for coronavirus-related claims, saying the fallout from the crisis would be similar to a major natural...
New Lloyd’s Syndicate-in-a-Box Created to Insure Transport of Future COVID-19 Vaccine
Jul 23 2020 // Lloyd’s, the specialist insurance and reinsurance market, announced the creation and in principle approval of its newest “syndicate-in-a-box,” Syndicate 1796,* set up to insure the storage and...
Lloyd’s to Exit U.S. Admitted Market to Focus More on U.S. Surplus Lines, Reinsurance Markets
Jul 20 2020 // Lloyd’s announced it plans to stop accepting admitted market accounts in the United States in a year and focus on the U.S. reinsurance and excess and surplus (E&S) insurance market, where it is the market...
Lloyd’s Underwriters Sue Indiana Archdiocese Over Liability Insurance Response
Jul 17 2020 // An insurance company is suing the Indianapolis archdiocese, alleging that it failed to disclose allegations of child sexual abuse by a Catholic priest when it applied for liability insurance. Underwriters for Lloyd’s...
U.S. Pressures Insurers, Certifiers, Shippers in Enforcing Tougher Sanctions on Venezuela
Jul 14 2020 // Several companies that certify vessels are seaworthy and ship insurers have withdrawn services to tankers involved in the Venezuelan oil trade as the United States targets the maritime industry to tighten sanctions on the...
U.S. Targets Ship Insurers, Maritime Industry to Strengthen Venezuela Sanctions
Jul 13 2020 // Several companies that certify vessels are seaworthy and ship insurers have withdrawn services to tankers involved in the Venezuelan oil trade as the United States targets the maritime industry to tighten sanctions on the...
Lloyd’s to Exit U.S. Admitted Market, Focus on U.S. Surplus Lines, Reinsurance
Jul 10 2020 // Lloyd’s announced it plans to stop accepting admitted market accounts in the U.S. in a year and focus on the U.S. reinsurance and excess and surplus (E&S) insurance market, where it is the market leader. As part...
Kovrr Develops Open Framework for Measuring Catastrophic Cyber Risk
Jul 9 2020 // Kovrr, a cyber risk modeling company, announced it has developed an easy-to-use open framework to measure and understand catastrophic cyber risk exposure. The CRA-Zones™ framework defines the minimal elements needed to...
