Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Catlin Names Huebel CEO of Canadian Unit, Other Executive Changes
Jun 28 2012 // The Bermuda-based Catlin Group Limited announced that David Huebel will take over as CEO of Catlin Canada, effective July 3. Catlin Canada is the Group’s Canadian underwriting hub, headquartered in Toronto with...
Lloyd’s Details ‘Growing Impact of Climate Change’ as UN Meets
Jun 25 2012 // Lloyd’s has published a roundup of the environmental issues inherent in as the world grows warmer. The recently concluded Rio +20 Conference was an attempt – 20 years after the first conference – “to try to...
Lloyd’s Market Association Issues Guidance in Case of Euro Exit
Jun 15 2012 // The Lloyds’s Market Association (LMA) has joined central banks and other financial instiutions in preparing for a possible euro zone exit. It has issued a “note” giving insurers and brokers guidance on...
Ratings Recap: Farmers Mutual (NZ), Lloyd’s Syndicate 1084, Pacific Indemnity, Caribbean Alliance
Jun 14 2012 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of the New Zealand-based Farmers’ Mutual Group (FMG) and FMG Insurance Limited...
XL Political Risk, Trade Credit Unit Gets Approval for Lloyd’s Expansion
Jun 11 2012 // XL Group announced that its Political Risk and Trade Credit (PRTC) business has received approval from Lloyd’s to write Political Risk and Trade Credit risks using the Lloyd’s platform via XL Group’s...
W. R. Berkley Receives FSA, Lloyd’s Approval for Syndicate Management Change
Jun 4 2012 // W. R. Berkley Corporation announced that the U.K. Financial Services Authority (FSA) and Lloyd’s of London have approved W.R. Berkley Syndicate Management Limited’s assumption of the management of W.R. Berkley...
Lloyd’s U.S. CEO Comments on the Importance of ‘Vision 25’
May 14 2012 // Lloyd’s announcement on Friday of the launch of its “Vision 25” program, an ambitious plan to prepare the historic London market for the future, came as no surprise to Hank Watkins, CEO of Lloyd’s...
Regulation, Reputational Risk Top Concerns of Risk Managers: Lloyd’s
Apr 30 2012 // A heightened focus on insurance regulation as well as exposures related to reputational risk are top concerns for insurance executives today, reports a new survey. Nearly a third of executives responding to a survey...
Tower Group Announces Strategic Investment in Lloyd’s Canopius
Apr 26 2012 // Tower Group announced that it has committed to invest $75 million (based on the current exchange rate) in Canopius Group, Ltd., a privately owned Lloyd’s insurance holding company domiciled in Guernsey, Channel...
Lloyd’s Register Withdraws from Iran Due to Sanctions
Apr 26 2012 // Maritime risk management firm Lloyd’s Register has shut its operations in Iran and can no longer vouch for the safety of the OPEC member’s fleet due to Western sanctions, the head of the company told...
Canopius to Buy Lloyd’s Omega Insurance for $265 Million; Tower in Related Deal
Apr 26 2012 // Lloyds of London insurer Canopius said it has agreed to buy rival Lloyd’s insurer Omega after raising its offer to £164 million ($265.6 million) in a recommended cash deal. Canopius said on Wednesday it will pay 67...
Catlin Receives Approval to Establish Representative Office in Beijing
Apr 19 2012 // The Catlin Group Limited announced that it has been granted approval by the China Insurance Regulatory Commission [CIRC] to open and operate a wholly owned representative office in Beijing. The office will be headed by...
Best Lowers, Withdraws Omega Specialty Ratings; Affirms Lloyd’s Syndicate 958
Apr 11 2012 // A.M. Best Europe – Rating Services Ltd. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 958, which is managed...
Lloyd’s CEO Ward on 2011 Loss: ‘Not a Bad Result’
Mar 29 2012 // At first glance that statement may seem a little strange, considering that Lloyd’s reported an overall loss for the year of £516 million ($822 million). But considering that overall insured losses for the year from...
Lloyd’s Posts $822 Million Overall Loss for 2011
Mar 28 2012 // The loss, announced today by Lloyd’s of London, shows just how severe the second costliest year for catastrophes on record for the insurance industry actually was. Lloyd’s announced a loss of £516 million...
Ironshore Brings Lloyd’s Political Risk Coverage to U.S. Market
Feb 15 2012 // Ironshore Insurance Services has received extension of class approval from Lloyd’s to underwrite insurance coverage for the Pembroke Syndicate 4000 Political Risk and War and Terrorism unit. Pembroke’s...
Lloyd’s Estimates Thai Flood Losses at $2.2 Billion
Feb 14 2012 // Lloyd’s announced that it is estimating its overall net claims from the flooding in Thailand last year to be in the $2.2 billion range. The figure is based on an industry loss estimate of between $15 and $20...
Fine Arts Consortium Increases Capacity for 2012
Jan 24 2012 // Ironshore’s Pembroke Consortium has increased capacity to $116 million for 2012 to meet new demand, an expansion over the $105 million it offered in 2011. The increase in capacity comes as the organization closes its...
Kiln Head Franks Joins Lloyd’s Franchise Board
Jan 11 2012 // Lloyd’s announced the appointment of Charles Franks as a non-executive director on the Lloyd’s Franchise Board. The Board, which was established in 2003, is responsible for the day-to-day management of the...
