Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Lloyd’s Chief Risk Officer Weaver Leaving Market After 16 Years
Mar 29 2019 // Lloyd’s of London announced that Hilary Weaver, the corporation’s chief risk officer, is leaving at the end of March 2019 after 16 years. Weaver joined Lloyd’s in 2004 as head of Internal Audit and became...
Neon Leads New London Political Risks Consortium, Offering $100M Limit Per Policy
Mar 28 2019 // Specialist Lloyd’s insurer Neon announced it will lead a newly established London Political Risks Insurance Consortium, with MS Amlin becoming a joint agreement party. Spearheaded by Neon’s recently promoted...
Natural Disasters Drive £1 Billion (US$1.3 Billion) Loss at Lloyd’s During 2018
Mar 27 2019 // Lloyd’s of London reported a £1 billion (US$ 1.3 billion) loss for 2018, attributed to an above-average number of major natural catastrophes such Hurricanes Florence and Michael, Typhoon Jebi in Japan, as well as...
Lloyd’s Will Name and Shame Sexual Harassers It Bans from Market: CEO
Mar 27 2019 // Lloyd’s of London will publicly name and shame anyone it bans from its insurance market for sexual harassment, according to Chief Executive Officer John Neal. “When we do see instances of bad behavior, and...
Hamilton Hires Barrett, Garber to Fill New Leadership Slots; O’Donohoe to Depart
Mar 27 2019 // Hamilton Insurance Group, moving full-speed ahead with its growth strategy, is hiring two executives in newly-created roles, and a third leader is leaving the company. The Bermuda-based insurance and reinsurance holding...
Lloyd’s Forms Plan for Safe, Inclusive Working Environment After Harassment Reports
Mar 26 2019 // Lloyd’s announced “a robust plan of action to address reports of sexual harassment in the Lloyd’s market and create a safe and inclusive working environment.” The plan includes possible lifetime...
Lloyd’s to Include Women on Governance Committee After Harassment Reports: Times
Mar 25 2019 // Lloyd’s of London plans to appoint women to its all-male nominations and governance committee to improve diversity and will convert the pub beneath its offices into a coffee shop in an attempt to phase out its...
Lloyd’s Comments on Reports of Rampant Sexual Harassment in the Marketplace
Mar 22 2019 // In the era of #MeToo when the ills of sexual harassment are regularly in the news, a recent article published by Bloomberg Businessweek indicates that some men working in the London insurance market still haven’t...
Hamilton to Buy Pembroke Managing Agency, Ironshore Europe DAC from Liberty Mutual
Mar 14 2019 // Hamilton Insurance Group Ltd., the Bermuda-based holding company of re/insurance operations in Bermuda and at Lloyd’s, announced it has signed a definitive agreement with Liberty Mutual Group to acquire the Pembroke...
Lloyd’s Appoints Spink as Head of Global Operations
Mar 7 2019 // Lloyd’s has appointed Hayley Spink as head of Global Operations. In her new role Spink will provide operational leadership for Lloyd’s internal and market-wide programs, reporting to chief operating officer,...
Lloyd’s Chairman Carnegie-Brown Reflects on Life of Former Chairman Rowland
Feb 21 2019 // Bruce Carnegie-Brown, chairman of Lloyd’s, issued this market bulletin on Feb. 18, 2019 about the life and death of Sir David Rowland, who was chairman of the market between 1993 and 1997. It is with great sadness...
Lloyd’s Managing Agency Antares Appoints Battle as Chief Executive Officer
Feb 19 2019 // Antares the Lloyd’s managing agency and member of the QIC Group announced the appointment of Jonathan (Joe) Battle, the current active underwriter, as chief executive officer (subject to necessary regulatory...
Insurer Lancashire to Use Lloyd’s EU Hub in Brussels After Brexit
Feb 15 2019 // Property and casualty insurer Lancashire Holdings Ltd will use insurance market Lloyd’s of London’s European Union hub in Brussels after Britain leaves the European Union, its top boss told Reuters. “We...
Ascot and Beazley Launch $50M Insurtech-Linked Cargo Consortium for SMEs
Feb 13 2019 // Ascot and Beazley announced the launch of a Lloyd’s-based cargo consortium, which uses insurtech solutions to help manage risk and claims performance. Led by Ascot and Beazley, the consortium brings together a range...
London’s Electronic Placements via PPL Exceeded Targets During Q4 2018
Feb 7 2019 // London’s electronic placing platform exceeded its target of 30 percent of in-scope risks during the fourth quarter of 2018, according to the board of Placing Platform Ltd. (PPL). Lloyd’s syndicates accepted 39...
Ex-CEO of QBE N. America Duclos Named Non-Exec Chairman of Lloyd’s Global Network
Feb 6 2019 // Lloyd’s has appointed David Duclos as non-executive chairman of Lloyd’s Global Network, where he will play a key advisory role in the development of Lloyd’s international network. Duclos will take up the...
Being Independent, Nimble and Niche: Keys to SSL Endeavour’s Aim to Put Clients First
Feb 6 2019 // By creating an innovative and nimble operating platform, SSL Endeavour, London-based Lloyd’s broker, aims to attract and retain the best entrepreneurial brokers who are freed up to create innovative client solutions,...
Lloyd’s Taps Keese from Allianz as Chief Financial Officer, Succeeding Parry
Feb 4 2019 // Burkhard Keese has been confirmed as the chief financial officer (CFO) of Lloyd’s following the unanimous approval of his appointment as successor to John Parry by the Council of Lloyd’s. Keese will take up his...
Lloyd’s Appoints Former U.S. Senator Sununu as Member of Council
Jan 30 2019 // Lloyd’s confirmed the appointment of former U.S. Senator John E. Sununu of New Hampshire as a new member of its Council for a three-year term, beginning Feb. 6, 2019. During his tenure in the Senate, Sununu served on...
Private Flood Insurers Not Yet Ready to Fill Massive U.S. Protection Gap
Jan 24 2019 // The flood insurance protection gap in the United States is massive, but the take-up rate of private flood insurance continues to be low. The relative inability of private insurers to penetrate the flood insurance market...
