Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Lloyd’s Team to Assess Chile Earthquake
Jun 18 2010 // Lloyd’s has confirmed that a team has been sent to Chile to “help the market better understand the impact of February’s earthquake and assist in ensuring the speedy payment of valid claims.” The...
Jardine Named as New Deputy Chairman by Council of Lloyd’s
Jun 16 2010 // Lloyd’s announced that Paul Jardine from Catlin Syndicate Limited will become a Deputy Chairman of The Council of Lloyd’s following Ewen Gilmour’s retirement from the position earlier this month. Jardine,...
Weak Predators, Demanding Prey Stymie Lloyd’s M&A
Jun 11 2010 // A bid for Lloyd’s of London insurer Brit is unlikely to trigger acquisitions in the battered sector because targets feel they can hold out against lowball private equity bids and trade buyers remain strapped for...
Allied World Establishes Syndicate 2232 at Lloyd’s of London
Jun 10 2010 // Bermuda-based Allied World Assurance Company Holdings announced that it has received approval from Lloyd’s of London to establish a new syndicate. Designated Syndicate 2232, with the pseudonym AWH, Allied World said...
‘Green Energy Systems’ Now ‘Essential’ Says Lloyd’s
Jun 8 2010 // “Green energy systems are no longer just ‘nice to have,’ but are essential in securing our energy supply and protecting the environment,” according to a new report from Lloyd’s 360 Risk...
Football World Cup Insurance Coverage Totals Nearly $9 Billion
Jun 7 2010 // As the quadrennial Football (Soccer) World Cup readies for a month long series of matches in South Africa, insurance coverage has kept pace with one of the world’s biggest sporting events. It’s “insured...
Texas High Court Sides with Lloyd’s in Contractual Liability Exclusion Case
Jun 7 2010 // The Texas Supreme Court has found in favor of an excess insurance provider in a case involving the contractual liability exclusion in a Commercial General Liability (CGL) policy. In 1993, Dallas Area Rapid Transit...
Chubb Establishes New Syndicate at Lloyd’s
Jun 2 2010 // Chubb Insurance Company of Europe SE has received approval from the Lloyd’s Franchise Board to establish a new Syndicate which will be named Chubb 1882. The new Syndicate will commence underwriting on June 14 for...
Lloyd’s Market Association Appoints Hurst-Bannister as Chairman
May 28 2010 // Barnabas Hurst-Bannister, Chairman of Travelers Syndicate Management Limited, has been elected Chairman of the Lloyd’s Market Association (LMA), which represents the interests of the Lloyd’s underwriting...
After Paying $6 Million, Lloyd’s Balks at More for Stanford’s Legal Teams
May 27 2010 // The insurance company paying jailed Texas financier R. Allen Stanford’s legal bills said this week it is tired of supporting his revolving door of attorneys and already has spent more than $6 million on lawyers from...
Markel International Launches New Trade Credit Division at Lloyd’s
May 26 2010 // Markel International, a subsidiary of Markel Corp. that operates in the Lloyd’s market, has launched a new trade credit division. Ewa Rose, who joined Markel earlier this year, has been named as managing director of...
Insurers Gain Access to Detailed UK Ordnance Survey Maps
May 25 2010 // “Ordnance Survey (OS) data is now publicly available for free, giving insurers access to crucial information to aid risk assessment,” states a bulletin on the Lloyd’s web site (www.lloyds.com). Making the...
Lloyd’s CEO Calls for ‘Underwriting Discipline’ In Face of a ‘Tough Year’
May 19 2010 // Lloyd’s CEO Richard Ward issued a warning to insurance chiefs to prepare for a tough year ahead with the fall-out from large scale catastrophes, such as the Chilean earthquake and Transocean oil spill, likely to be...
Lloyd’s China Granted Direct Insurance License
May 19 2010 // “Lloyd’s China has been granted a license by the China Insurance Regulatory Commission (CIRC) to write direct insurance in addition to their existing reinsurance license,” said a bulletin on its web site...
Best Affirms Lloyd’s Syndicate 1225 (AEGIS) ‘A’ Rating; Stable Outlook
May 17 2010 // A.M. Best Co. has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Lloyd’s Syndicate 1225, which is managed by AEGIS Managing Agency Limited ,...
Lloyd’s ‘360 Report’ Examines Water Scarcity Threats to Business
Apr 26 2010 // A new report in Lloyd’s “360” series examines the threats posed to business as a result of the increasing scarcity of water. According to the report, Global water scarcity: risks and challenges for...
Nestle Launches Ad Campaign, Insures Butterfinger With Lloyd’s
Apr 12 2010 // As part of its new Butterfinger advertising campaign, Nestle USA said it has taken out a $1 million policy with Lloyd’s of London to ensure the promise behind its tagline to ensure consumers can “always lay a...
Lloyd’s Graduates First Student Group
Apr 2 2010 // Lloyd’s announced that it has graduated the first group of graduate students from its new Program, which features an 18 month rotation, after which the new graduates will continue to work in London’s insurance...
Arthur J. Gallagher to Acquire Lloyd’s Broker FirstCity Partnership
Mar 29 2010 // Illinois-based Arthur J. Gallagher & Co. has agreed to acquire substantially all of the insurance brokerage business of FirstCity Partnership Ltd. of London, England. The transaction is expected to close in April 2010....
Lloyd’s Posts 2009 Profits of $5.8 Billion
Mar 24 2010 // Lloyd’s announced overall pretax profits of £3.868 billion [$5.796 billion] for 2009, doubling the £1.899 billion [$2.84 billion] it reported for 2008. The record results were achieved despite ongoing...
