Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Brokers Marsh, Cooper Gay, RK Harrison to Test iPads at Lloyd’s
Sep 7 2010 // Lloyd’s announced that it has joined with brokers Marsh, Cooper Gay and RK Harrison Group in a trial to test the use of iPads in its underwriting room. The trial is set to commence in early September. Lloyd’s...
NFL Star’s Hair Insured by Lloyd’s for $1 Million
Sep 1 2010 // The long, flowing black hair that tumbles out of NFL star Troy Polamalu’s helmet and down his back has been insured for $1 million by Head and Shoulders, the shampoo brand that is endorsed by the Pittsburgh Steelers...
Stanford, Execs Deny Key Role in Alleged Fraud Cited by Lloyd’s
Aug 30 2010 // Lawyers for Texas financier Allen Stanford and two accounting executives who worked for him sought to distance their clients Friday from the alleged financial wrongdoing insurer Lloyd’s of London cites as a reason to...
Lloyd’s Warns of Perils Related to Electric Grid Transformer Failure
Aug 25 2010 // A bulletin on the Lloyd’s of London web site (www.lloyds.com) warns that a “major transformer failure can wreak havoc, causing power shortages or outages affecting millions of homes and businesses and costing...
Ex-Stanford Executive Settles with Lloyd’s Over Defense Fees Under D&O
Aug 25 2010 // Laura Holt, the former chief investment officer for accused Ponzi schemer Allen Stanford’s financial firm, has reached a settlement with Lloyd’s of London over her defense fees, a federal judge said...
East London Experiencing Tenfold Increase in Extreme Rainfall: Lloyd’s
Aug 5 2010 // A new study from Lloyd’s shows that East London has experienced a tenfold increase in extreme daily rainfall since 1960 and warns that the closing of meteorological stations is resulting in incomplete data and...
Globalization: How Systemic Risks Have Altered the Financial World
Aug 2 2010 // When the present Lloyd’s building was completed in 1986, the architecture was called high tech, but inside you would have found that the offices contained no Internet, no e-mails and no World Wide Web. Since the...
Lloyd’s Lauds Buoyant Brazil
Jul 26 2010 // Lloyd’s Chairman Lord Levene, speaking at a recent Lloyd’s seminar in Rio de Janeiro, gave high marks to the successful establishment the Lloyd’s market has made in Brazil, describing it as...
Is Global Warming Causing More Frequent, More Powerful Hurricanes?
Jul 21 2010 // A workshop held in Lloyd’s Old Library sought to answer that question, by examining the impact global warming could have on the hurricane season. Lloyd’s cited the fact that “analysis of weather patterns...
Navigators Syndicate 1221 Co-Locates with Lloyd’s in Brazil
Jul 20 2010 // The New York-based Navigators Group announced that its wholly-owned syndicate, Navigators Syndicate 1221 at Lloyd’s of London, is co-locating with Lloyd’s in Rio de Janeiro by appointing a local...
Lloyd’s Welcomes Passage of Dodd-Frank Financial Reform Act
Jul 16 2010 // In a brief statement Lloyd’s of London officially welcomed the successful passage of the Dodd-Frank Act through the US Senate. Sean McGovern, Lloyd’s Director and General Counsel, stated: “We welcome the...
Lloyd’s Won’t Insure or Reinsure Petroleum Shipments for Iran
Jul 9 2010 // Lloyd’s of London will not insure or reinsure petroleum shipments going into Iran, the insurance market said on Friday. U.S. President Barack Obama signed into law last week far-reaching new sanctions that aim to...
Brokers in London Market Survey ‘More Positive’ about Lloyd’s
Jul 8 2010 // “Brokers are now significantly more positive about conducting business at Lloyd’s than two years ago,” according to a survey of the Lloyd’s market from part of the Gracechurch London Market Study...
Lloyd’s Foresees Further Growth in China from Grant of Direct License
Jul 7 2010 // Lloyd’s managing agents are predicting their businesses will get a big boost from the market being granted a licence to write direct insurance in China [See IJ web site –...
Lloyd’s Marine Underwriters Examine How to Comply with Iran Sanctions
Jul 6 2010 // Underwriters from London’s marine insurance market are looking at how to comply with fresh sanctions being imposed on Iran, a senior Lloyd’s Market Association (LMA) official said on Friday. Iran, the...
Best Affirms Lloyd’s ‘A’ Ratings
Jul 6 2010 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Lloyd’s of London and Lloyd’s Reinsurance Company (China)...
Best Affirms Ratings of Markel’s Lloyd’s Syndicate 3000
Jul 1 2010 // A.M. Best Co. has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and the issuer credit rating of “a+” of Lloyd’s Syndicate 3000, both with stable outlooks. The ratings reflect...
Lloyd’s Launches ‘Science of Risk’ Prize Competition
Jun 24 2010 // Lloyd’s has announced its first ever Science of Risk prize. The initiative, aimed at “risk-related research from PhD students or Post-Doctoral research staff,” is focused on studies in the following...
Chubb’s New Lloyd’s Syndicate Inks First New Business in Expansion Plan
Jun 21 2010 // Chubb Syndicate 1882 at Lloyd’s has lost no time in concluding its first piece of business, a marine hull risk. The syndicate was formally approved at the beginning of June (See IJ web site –...
