Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
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...
Ratings: QBE Del Istmo, Asia Capital Re, Lloyd’s Syndicate 570 (Atrium)
Jan 9 2012 // A.M. Best Co. has assigned a financial strength rating of ‘A-‘ (Excellent) and issuer credit ratings of “a-” to Panama-based QBE Del Istmo Reinsurance Inc, Del Istmo Assurance Corp and Liffey...
Lloyd’s Ascot in Underwriting Deal for Power Generation with Brit, QBE, Sciemus
Jan 4 2012 // lloyd’s insurer Ascot Underwriting Ltd. announced that it has formed the Strategic Power Consortium, which it described as a “dedicated technical underwriting vehicle for the power and utilities...
Lloyd’s Highlights Retailers Need for Cyber Fraud Coverage
Dec 29 2011 // An article on the Lloyd’s of London web site notes that while millions of people have been out an about shopping this holiday season, “an increasing number are choosing to shop from the comfort of their homes...
Best Affirms Beazley and Lloyd’s Syndicates 2623, 623, 3623, 3622 Ratings
Dec 21 2011 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength ratings of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Lloyd’s Syndicate 2623, Lloyd’s...
Best Affirms Lloyd’s Syndicate 2001 Ratings; Amlin AG, Amlin plc; Outlook Stable
Dec 20 2011 // 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...
The Next Big Thing in Insurance Coverage Is Here
Dec 13 2011 // Some in the insurance industry are staking their futures on the reputations of others. That is, they are looking to insure reputational risk. With the boom in social media, interest in reputational risk has itself boomed....
Lloyd’s Study Finds U.S. Businesses Concerned with Talent, Skills Shortage
Dec 8 2011 // U.S. business leaders are as concerned as their European counterparts over a talent and skills shortage, despite record unemployment levels across much of the U.S. The talent risk was number two in a survey conducted by...
Lloyd’s Report Finds Customer Loss, Staff Shortages as Business’ Top Fears
Dec 7 2011 // Losing customers and struggling to find talented workers are the top two risks facing business leaders across the world, according to a new report published by Lloyd’s. The report, based on a global survey of 500...
Torus Acquires Renewals of C.V. Starr for Continental Europe; Interview with Int’l. CEO O’Donohoe
Dec 5 2011 // Torus announced that it has entered into an agreement with Starr Underwriting Agents Limited whereby Torus Syndicate 2243 acquires the renewal rights to CV Starr Syndicate 1919’s Continental European Marine,...
Best Affirms Hiscox and Operating Companies ‘A’ Ratings; Outlook Stable
Nov 28 2011 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of Hiscox Insurance Company (Bermuda) Limited,...
LMA Highlights Training Academy Role with Baker Appointment
Nov 21 2011 // Ben Baker, the Lloyd’s Market Association’s (LMA) former Senior Underwriting Executive, has been promoted to the role of the organization’s Professional Standards Manager. He will take over from Terry...
Catlin, China Re Announce Strategic Partnership; New Lloyd’s Syndicate
Nov 18 2011 // Catlin Group Limited has announced the formation of a strategic partnership with China Reinsurance (Group) Corporation (China Re) that will result in the establishment of a special purpose syndicate at Lloyd’s of...
Insurance Innovators and Their Inspirations
Nov 7 2011 // There are lots of ideas out there. Some of them come to fruition but most do not. In business, success or failure of an idea often comes down to timing; sometimes other factors come into play. In other words, “not...
Lloyd’s Analyzes Baden-Baden Reinsurance Renewal Conclave
Nov 4 2011 // An article on the Lloyd’s website takes a look at the “insurance and reinsurance specialists,” who “converge in Baden-Baden to begin their ‘renewal season’ discussions in earnest and in...
Flagstone Re to Restructure Business; Sell Lloyd’s Operation
Oct 26 2011 // Flagstone Reinsurance Holdings has announced a number of strategic initiatives, which it said are “designed to realign the Company’s strategy and core capabilities.” Flagstone said it “intends to...
