Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Best Affirms Lloyd’s Syndicate 1084 Ratings; Withdraws Chaucer Holdings’ Rating
Jul 7 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 1084. In addition...
Lloyd’s Names Patterson as New Controller of Agencies; Lawrence as Deputy
Jul 5 2011 // Lloyd’s announced that Mark Patterson has joined Lloyd’s as the new Controller of Agencies and David Lawrence has been promoted to Deputy Controller. Patterson joins Lloyd’s from a marine insurance career...
Lloyd’s Novae calls off Merger talks with Omega
Jul 1 2011 // Lloyd’s Novae Group plc announced that it has informed the advisers of Omega Insurance, another Lloyd’s insurer that it “has withdrawn from merger discussions.” Novae said it has “concluded...
Lloyd’s Sees Opportunities in Emerging Markets
Jul 1 2011 // As levels of international trade and the importance of emerging economies increase, Lloyd’s has been very active in its efforts to open up access to overseas markets. However, in an article on its web site it called...
Mitsui Sumitomo at Lloyd’s Names Rayner to Head P&C Underwriting
Jun 29 2011 // Mitsui Sumitomo at Lloyd’s has appointed Graeme Rayner as Head of Underwriting, Property and Casualty, in a move it described as designed to drive “growth in the UK and Irish markets.” Rayner, who was...
Lloyd’s Highlights Potential Impact from Cyber Crime, Data Loss
Jun 10 2011 // Cyber crime has become a high profile problem for risk managers, heightened as a result of the recent attacks by hackers on Sony. In an article on its web site Lloyd’s notes that risk manager are increasingly...
Lloyd’s Kiln Acquires 49% Stake in US-based WNC Holdings
Jun 10 2011 // Lloyd’s insurer and syndicate leader R.J. Kiln, a member of the Tokio Marine Group, announced that it has bought a 49 percent share in California-based WNC Holdings – a provider of specialty insurance products and...
Bowden joins Lloyd’s Marketform as D&O Underwriter
Jun 8 2011 // Lloyd’s insurer Marketform announced that Directors’ and Officers’ liability underwriter Alexis Bowden has joined the company. She spent 11 years underwriting D&O at ACE European Group prior to...
Lloyd’s Welcomes North American Brokers
Jun 7 2011 // A group of 30 brokers from across the U.S. and Canada are set to visit Lloyd’s this week as part of an annually organized broker program. They will come to London for five days to “learn about the Corporation...
Catlin Launches Service Initiative for UK, Lloyd’s Brokers
Jun 6 2011 // The Catlin Group Limited announced a “major initiative by the Catlin Syndicate at Lloyd’s and Catlin UK to improve the service provided to brokers.” Catlin explained that as part of the new services its...
Business Moves
Jun 6 2011 // Acentria, Jim Harris Destin, Florida-based insurance agency Acentria has acquired Jim Harris & Associates, Inc., with offices in Mary Esther and Crestview. The office in Mary Esther will remain open until August and...
Aon Benfield Publishes Report on Lloyd’s
Jun 1 2011 // Aon Benfield’s Analytics’ Market Analysis team has launched its latest Lloyd’s Update report, covering the market’s financial performance in 2010 and business position in 2011. Key findings...
Brit Opens Lloyd’s Service Company in Australia
Jun 1 2011 // Brit Insurance, which is domiciled in the Netherlands and headquartered in London, announced the opening of a new Lloyd’s service company in Sydney, Australia. The bulletin noted that the new facility follows...
Lloyd’s Market Association Elects New Board Members
May 26 2011 // The Lloyd’s Market Association (LMA) has announced the results of its Board election 2011 at its Annual General Meeting. The newly elected board members were listed as follows: Neil Maidment, Chairman of the Group...
Purm Jr. to Lead Argo’s New Brazil Insurance Operations
May 26 2011 // The Bermuda-based Argo Group International Holdings announced that Pedro Purm Jr. has been selected to serve as CEO of its commercial property and casualty insurance operations in Brazil. He “will oversee the...
White Mountains’ Sirius to Launch Lloyd’s Syndicate
May 23 2011 // White Mountains Re Ltd. reports that its Sirius International Insurance Corp. affiliate has received approval in principle from the Lloyd’s Franchise Board to establish Lloyd’s Syndicate 1945. Syndicate 1945...
Lloyd’s Ark Syndicate Moves to ‘All in One’ Electronic Claims
May 19 2011 // Slowly, but surely the electronic revolution is gaining ground at Lloyd’s and throughout the London market generally. Ark Syndicate Management Limited at Lloyd’s became the latest to make the jump with the...
Ryan Specialty Group to Buy Lloyd’s Insurer Jubilee
May 18 2011 // Chicago-based insurance holding company Ryan Specialty Group, LLC (RSG) has agreed to acquire specialist Lloyd’s insurer Jubilee Group Holdings Limited. Jubilee Group Holdings owns Jubilee Managing Agency Limited and...
Lloyd’s Estimates Losses from Q1 Disasters at $3.8 Billion
May 13 2011 // After careful calculation Lloyd’s has announced its estimated net claims before tax from the earthquakes this year in Japan and New Zealand and the January 2011 floods in Australia. The current net estimates were...
Lloyd’s Market Association Questions Aspects of FSA Regulatory Reform
Apr 29 2011 // In a response to the proposals to restructure the UK’s financial regulations the Lloyd’s Market Association (LMA) has taken issue with some of the proposals, which, in its view are “over-engineered”...
