Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Ratings: Heddington, Bosna Re, Arden Re, Syndicate 609, Asia Capital Re (notes)
Jun 13 2013 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Bermuda-based Heddington Insurance Limited, both with stable outlooks. The ratings...
Lloyd’s Report Highlights Solar Storm Threat as Emerging Risk
May 23 2013 // “A large solar storm could leave tens of millions of people in North America without electrical power for several months, if not years, potentially costing trillions of dollars,” according to Lloyd’s...
RenaissanceRe Posts $190.5 Million Q1 Net Income; 36.2% Combined Ratio
May 3 2013 // Bermuda-based RenaissanceRe Holdings Ltd. reported net income available to common shareholders of $190.5 million or $4.23 per diluted common share in the first quarter of 2013, compared to $201.4 million or $3.88 per...
Ratings Recap: Lloyd’s Syndicate 958, Custodian and Allied
Apr 16 2013 // A.M. Best Europe – Rating Services Ltd. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Lloyd’s Syndicate 958, both with stable outlooks....
Ex-Brazil Central Bank Governor Meirelles Joins Council of Lloyd’s
Apr 9 2013 // Lloyd’s announced the appointment of Henrique de Campos Meirelles as Nominated Member of the Council of Lloyd’s, the body responsible for the management and supervision of the Lloyd’s...
Ironshore International to Enter Japanese Market through its Lloyd’s Syndicate
Apr 8 2013 // Ironshore International, a subsidiary of Ironshore Inc., announced that its Lloyd’s Pembroke Syndicate has been authorized by the Japanese Financial Services Authority to offer Representations & Warranties...
Lloyd’s List Joins Containerisation International for Shipping Intelligence
Apr 4 2013 // Two important shipping industry publications – Lloyd’s List and Containerisation International – have come together on one website in order to provide subscribers with a “one-stop-shop for news,...
Torus Receives Approval for Lloyd’s Managing Agency
Apr 2 2013 // Global specialty insurer Torus announced it has received approval from the UK Financial Services Authority and Lloyd’s to launch its own Lloyd’s managing agency, Torus Underwriting Management Limited –...
Lloyd’s Sues N.H. Utility Company, Says Electrical Glitch Caused Fire
Mar 29 2013 // The insurer for a business at New Hampshire’s Hampton Beach has sued a utility, saying a February 2010 fire that destroyed a block of businesses was sparked by an electrical glitch. The suit says before the fire, an...
Lloyd’s Bounces Back from 2011 Loss: Posts $4.517 Billion 2012 Profit
Mar 28 2013 // Lloyd’s announced an overall profit of $4.517 billion for 2012, making the $800 million loss in 2011, the costliest year on record for natural catastrophes, a fading memory. Controlled growth in 2012 saw gross...
Best Affirms Beazley’s Lloyd’s Syndicates Ratings ; Downgrades Holding Co. ICR
Feb 11 2013 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength ratings (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Lloyd’s Syndicate 2623,...
Ironshore Europe Names Lewis to Lead London Market Healthcare Expansion
Feb 5 2013 // Ironshore Europe Ltd. (IEL) announced that Jamie R. Lewis has joined the company as Senior VP –Healthcare. He will be, working closely with Matt Dolan, the president of IronHealth, and will be responsible for developing...
Syndicates Increasingly Using Lloyd’s China Platform
Feb 4 2013 // “A growing number of syndicates are using Lloyd’s platform by placing their own underwriters in China,” says an article on the Lloyd’s website. “This, along with a license granted in 2012 to...
Lloyd’s Insurer Jubilee Welcomes Rules on PPI to Rebuild Confidence
Feb 1 2013 // Jubilee, the specialist Lloyd’s insurer, has broadly welcomed the joint Financial Services Authority (FSA) and Office of Fair Trading (OFT) final guidance on Payment Protection products as an important move forward...
Lloyd’s Notes More Use of Specialist M&A Insurance
Jan 18 2013 // Given the reduced amount of merger and acquisition (M&A) activity as a result of the financial crisis, it’s not surprising that the deals, which do go through, engender greater risks. An article from...
Best Affirms Amlin AG, Amlin plc, Lloyd’s Syndicate 2001 Ratings; Outlook Stable
Jan 11 2013 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa-” of Lloyd’s Syndicate 2001, which is...
Lloyd’s Syndicate ProSight Launches Innovative Independent Film Coverage
Jan 4 2013 // Lloyd’s Syndicate ProSight 1110 is offering independent film makers’ insurance to cover mishaps during filming, as well as failure to complete a film on time and on budget. It is the “first insurer to...
Lloyd’s: Increasing Civil Unrest Driving Political Violence Coverage Demand
Dec 31 2012 // A report from Lloyd’s of London concludes that the increasing demand for political risk insurance “has been rising as civil unrest and political violence continue to threaten businesses around the...
Events that Topped World Insurance News in 2012
Dec 28 2012 // While 2012 wasn’t as tumultuous as 2011, it had its share of insurance shaking trends and events. Here in roughly chronological order are some of them: 1) The costs of the flooding in Thailand in 2011, wasn’t...
Best Upgrades Issuer Credit Rating of Hiscox Group Subsidiaries; Affirms FSR
Dec 14 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and upgraded the issuer credit rating (ICR) to “a+” from “a” of Hiscox...
