Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Miami Specialty Risk Launches Lloyd’s-Backed Cyber, Technology E&O Facility
Oct 31 2019 // Miami Specialty Risk has launched a new cyber and technology E&O facility available in all 50 states. Backed by Lloyd’s of London, the Miami Specialty Risk facility is comprised of three products: SME Cyber and...
Cyber Attack on Asia-Pacific Ports Could Cost $110B, Hitting Global Supply Chains
Oct 30 2019 // A single cyber attack that affects major ports across Asia-Pacific could cost $110 billion, which is roughly equivalent to half of all losses from natural catastrophes globally in 2018*, according to research from...
Lloyd’s Insurer AEGIS London Launches Digital Trading Division
Oct 28 2019 // Lloyd’s insurer AEGIS London has launched a digital trading division, dedicated to building and distributing digital products. Tom Squires, AEGIS London’s head of digital trading, will lead the division,...
AIG Expanding at Lloyd’s With New Unit for U.S. High-Net Worth Market
Oct 28 2019 // American International Group Inc. is ramping up its bet on the wealthiest Americans with a new push to offer policies through the Lloyd’s of London marketplace and write as much as $1 billion in gross premiums. AIG...
Reinsurers Look at Cyber’s Massive Growth Possibilities-With Caution
Oct 22 2019 // Reinsurers are aware they must constantly invent new solutions in order to stay relevant for their clients. Yet, they admit they are sometimes challenged to close the protection gap for new and emerging risks such as...
Surplus Lines Premium Grows in Response to Weak Results; Top 15 E&S Writers: Fitch
Oct 7 2019 // Direct written premiums in the U.S. excess and surplus (E&S) lines market during 2018 grew at its greatest rate since 2012, increasing 11% and representing the eighth consecutive year of premium growth, according to...
Canopius Completes Acquisition of AmTrust at Lloyd’s
Oct 3 2019 // Canopius Group announced it has completed its acquisition of AmTrust at Lloyd’s. The merger provides Canopius with significant additional underwriting expertise and a broader product offering, creating a leading...
Lloyd’s Reveals Blueprint to Build ‘Most Advanced Insurance Marketplace’
Sep 30 2019 // Lloyd’s of London has unveiled a blueprint for action to facilitate its Future at Lloyd’s project, which aims to “build the most advanced insurance marketplace in the world.” This first blueprint,...
London Market’s Early Modernization Program, LM TOM, Is Being Wound Down
Sep 30 2019 // The Board of the London Market Group (LMG) announced that the London Market Target Operating Model (LM TOM) has been wound down in its current form, having delivered the majority of proposed solutions, which are now in...
Strong E&S Premium Growth in Response to Weak Results; Top 15 E&S Writers: Fitch
Sep 30 2019 // Direct written premiums in the U.S. excess and surplus (E&S) lines market during 2018 grew at its greatest rate since 2012, increasing 11% and representing the eighth consecutive year of premium growth, according to...
Lloyd’s Culture Survey Reveals ‘Ugly’ Levels of Sexual Harassment
Sep 24 2019 // Lloyd’s announced the results of its culture survey, which was commissioned in March in the wake of press reports of rampant sexual harassment in the market. The survey confirms that many women are enduring a toxic...
Excess & Surplus Market Soars as Standard Carriers, Lloyd’s Drop Accounts
Sep 24 2019 // Demand for surplus lines insurance rose dramatically in 2018 and is continuing to expand this year, so much so that some in the sector are feeling a bit overwhelmed. The excess and surplus lines sector is enjoying its...
Lloyd’s to Open Miami Office to Expand Its Latin American and Caribbean Business
Sep 19 2019 // Lloyd’s plans to set up an office in Miami to support business development in the Latin American and Caribbean markets. “Latin America is a key market for Lloyd’s, with premium close to US$1.5...
Lloyd’s Expects ‘Sobering’ Results from Survey of Workplace Culture
Sep 18 2019 // Lloyd’s of London expects “sobering” results from a survey of the workplace culture at its member firms, the insurance market’s chairman said on Wednesday as a rise in investment income drove a...
Lloyd’s Names Sansom Chief Risk Officer, Announces Departure of Chief People Officer
Sep 18 2019 // Lloyd’s announced that David Sansom has been confirmed as chief risk officer, subject to regulatory approval. Sansom’s remit includes all areas of risk management within the Corporation of Lloyd’s as well...
Lloyd’s Returns to Profit in 1st Half After 2 Full Years of Losses
Sep 18 2019 // Lloyd’s of London, the world’s biggest insurance market, returned to profit in the first half after two full-year losses. The more than 300-year-old corporation made a profit before tax of 2.3 billion pounds...
The Remaking of Disgrace Insurance
Sep 16 2019 // As co-founder and chief executive officer of the predictive analytics firm Spotted, Janet Comenos knows a lot about famous actors, artists, athletes and celebrity advertising. Her Boston startup matches companies with...
Insurance Linked Securities in 2019: Asking the Right Questions
Sep 11 2019 // The record losses we saw in 2017 and 2018 were felt heavily by the insurance industry, and there is no denying that two years of losses have affected investor sentiment. While such a statement is hardly surprising, it is...
The Remaking of Disgrace Insurance
Sep 10 2019 // As co-founder and chief executive officer of the predictive analytics firm Spotted, Janet Comenos knows a lot about famous actors, artists, athletes and celebrity advertising. Her Boston startup matches companies with...
Nephila Launches Independent Lloyd’s Managing Agency
Sep 10 2019 // Nephila Capital, the Bermuda-based specialist ILS re/insurer and investment manager, has received UK regulatory approval to establish its own Lloyd’s managing agency. The new entity, Nephila Syndicate Management Ltd....
