Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Ongoing Pirate Menace Triggers Special Coverage, Security Measures
Oct 25 2011 // “Pirates of the Caribbean” they aren’t. They are for the most part desperate men from a failed state that have discovered that one of the world’s oldest professions offers wealth and power, if...
Lloyd’s Insurer Omega Backs Haverford Offer
Oct 20 2011 // Insurance entrepreneur Mark Byrne pulled ahead in the race to buy Lloyd’s of London insurer Omega after Omega and its top shareholder backed his offer, prompting his main rival to withdraw. Omega, at the centre of a...
Best Affirms Lloyd’s Syndicate 2010, Cathedral Capital Ratings
Oct 18 2011 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 2010, which is managed by...
Tech Chiefs Take on Standards, iPad, Light Bulb at Surplus Lines Conference
Oct 13 2011 // Thomas Alva Edison would have been glowing had he been at the “Technology Issues in the U.S. & U.K.” panel discussion at the annual National Association of Surplus Lines Offices (NAPSLO) conference in San...
Lloyd’s Enters Florida Reinsurance Market Under Reduced Capital Rule
Oct 7 2011 // Florida has added its first reinsurer from the United Kingdom to a list of reinsurers taking advantage of a state law that reduces reinsurers’ capital requirements. In an effort to attract more private capital to the...
FSA Changes Date for Solvency II Implementation, Lloyd’s, Aon Benfield Comment
Oct 7 2011 // On October 3, the UK’s Financial Services Authority (FSA) announced a revision to the dates on which it plans to implement the provisions of the European Union’s Solvency II regulations governing the insurance...
9 Years Later: Lloyd’s Chairman Peter Levene
Oct 3 2011 // Lord Peter Levene, chairman of Lloyd’s, is leaving the company after nine years at the helm. He is the longest serving Lloyd’s chairman in 125 years and oversaw tremendous change at the international insurance...
Sportscover: Providing Coverage for Sports and Leisure around the World
Oct 3 2011 // Sports and leisure activities are one of the most ubiquitous pass times the world over. Whether you participate, or just watch, virtually no one is far away from some form of sporting activity. It’s why sports, as a...
Lloyd’s Calls for Redrawing Disaster Roles in U.S. for Government, Private Insurers
Sep 27 2011 // Government intervention in the insurance market is putting the financial burden of natural disasters on U.S. taxpayers, according to a report by Lloyd’s of London, the global specialist insurance market. The report,...
Ryan Specialty Completes Acquisition of Lloyd’s Insurer Jubilee
Sep 26 2011 // Ryan Specialty Group, LLC (RSG) announced that it has completed the acquisition of specialist Lloyd’s insurer Jubilee Group Holdings Limited, “which currently operates two active Syndicates at Lloyd’s, a...
Ryan Specialty Group Completes Acquisition of Specialist Lloyd’s Insurer
Sep 23 2011 // Ryan Specialty Group LLC (RSG), based in Chicago, has completed the acquisition of specialist Lloyd’s insurer Jubilee Group Holdings Limited (Jubilee), the company announced. Jubilee currently operates two active...
Lord Levene to Receive Rarely Given Gold Medal for Services to Lloyd’s
Sep 22 2011 // Lloyd’s announced that its outgoing Chairman, Lord Peter Levene, who steps down on October 12, is “to receive a rarely-struck Gold Medal to mark his contribution to Lloyd’s during his nine years as...
Lloyd’s CFO Stresses Overall Strength after Record Loss
Sep 22 2011 // Lloyd’s of London reported the largest first half loss in its 323 year history yesterday, Sept. 21 – £697 million, or over $1 billion. However, Lloyd’s Chief Financial Officer, Luke Savage, was...
Lloyd’s Reports Billion Dollar First Half Loss Due to Catastrophes
Sep 21 2011 // As had been more or less predicted, Lloyd’s posted a £697 million [$1.094 billion] pre-tax loss for the first six months of 2011, compared to an overall profit of £628 million [$985.6 million] as of June 30, 2010....
Lloyd’s Bolt: Offshore Energy Underwriters Aren’t ‘Robustly Managing Risks’
Sep 21 2011 // In a keynote speech at the annual Houston Marine Insurance Seminar Tom Bolt, Lloyd’s Director of Performance Management, told an audience of energy insurers that he is not convinced offshore energy underwriters are...
Torus Acquires Broadgate, Lloyd’s Syndicate 1301
Sep 20 2011 // Specialty insurer Torus has confirmed that it has “entered into an agreement with Clal Insurance Enterprises Holdings Limited to acquire London-based Lloyd’s Syndicate 1301 and its corporate members Broadgate...
Lloyd’s Syndicate Withdraws 9/11 Lawsuit Against Saudi Arabia
Sep 20 2011 // Lloyd’s London’s Syndicate 3500 filed a notice on Monday, Sept. 19, to voluntarily dismiss its federal lawsuit against Saudi Arabia over 9/11 claims. The lawsuit, first filed on Sept. 8, had asserted that Saudi...
Lloyd’s Channel Syndicate Appoints Campbell to Head Financial Lines Division
Sep 16 2011 // Lloyd’s Channel Syndicate 2015 has appointed Martin Campbell as Head of its Financial Lines Division. He has worked in the London Market for over 20 years and has built a Financial Lines account at previous stages of...
Lloyd’s Syndicate Sues Saudi Arabia for $215M Over 9/11 Claims
Sep 15 2011 // Lloyd’s of London’s Syndicate 3500 filed a federal lawsuit against Saudi Arabia, several Saudi charity and financial organizations and prominent Saudi individuals over 9/11 terror attacks. The insurer said...
Best Affirms Lloyd’s Syndicate 510 and Kiln Group Ratings; Outlook Stable
Sep 15 2011 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating (ICR) of ‘a+’ of Lloyd’s Syndicate 510, which is managed...
