Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Sports Terrorism, ‘Names,’ Tongues and Mergers
Mar 23 2009 // Are professional sports the next terrorist targets? The terrorist attack on Sri Lanka’s cricket team in Lahore (Pakistan) “highlights the vulnerability of sporting events to terrorist disruption,” warned...
Arch Europe to Establish New Lloyd’s Syndicate
Mar 17 2009 // Arch Insurance Company (Europe) Limited, a subsidiary of Bermuda-based Arch Capital Group Ltd., announced that it has received approval from Lloyd’s to establish a new syndicate, which is slated to commence...
Lloyd’s Comments on Observance of International Women’s Day
Mar 9 2009 // A bulletin on the Lloyd’s of London web site (www.lloyds.com) notes that yesterday, March 8 was International Women’s Day, which has been “observed since the early 1900s. It is an opportunity to share and...
Lloyd’s Insures Coffee Taster’s Tongue for $13.78 Million
Mar 9 2009 // Despite all the technical changes, Lloyd’s of London continues to adhere to its century’s old tradition of accepting the most unusual risks. It has just agreed to cover the tongue of Gennaro Pelliccia, Costa...
Final End of Lloyd’s ‘Names’ Cases May Be in Sight
Mar 3 2009 // The end of more than 20 years of litigation may be in sight, following a recent UK Appeals Court ruling in favor of Lloyd’s against claims of fraud from a number of individual ‘Names.’ Lloyd’s press...
Lloyd’s Community Program Celebrates 20th Year
Feb 9 2009 // Lloyd’s might be better known for its historic insurance market and its iconic modern building, but it also participates in a number of charitable activities in and around London. This year Lloyd’s is...
Lloyd’s Makes Appointments to Council and Franchise Board
Feb 6 2009 // Lloyd’s has announced the following appointments to its Council and Franchise Board: — Lord Levene was re-elected as Chairman of Lloyd’s; — Andreas Prindl was elected as a Deputy Chairman, and Ewen...
ACE Extends Environmental Liability Coverages to Lloyd’s
Jan 30 2009 // ACE announced that it is extending its Environmental Risk capabilities by writing the company’s portfolio of Environmental Liability products at Lloyd’s. “ACE’s suite of environmental products is...
Max Cap CEO Letter to Investors Recaps 2008, Gives 2009 Outlook
Jan 26 2009 // W. Marston (Marty) Becker, Chairman and CEO of the Bermuda-based Max Capital Group has issued a letter addressed to the Company’s shareholders, employees and other stakeholders updating them on Max Capital’s...
London’s Reach Bolsters U.S. Specialty Lines
Jan 25 2009 // Insurers Catlin, Beazley, Amlin, Hiscox and Newcomer Torus Find Their Niche in U.S. Market Find a need, then fill it,” is a hoary business principle, but making it work is often harder than it looks. However, a...
Lloyd’s Web Site Summarizes Current Opinions on Climate Change
Jan 23 2009 // “The string of natural catastrophes that wreaked havoc in 2008, costing the global economy $225 billion and leaving insurers with their second costliest year in history, graphically highlights the increasing risks to...
Arch Receives Approval for New Lloyd’s Syndicate
Jan 22 2009 // The Bermuda-based Arch Capital Group announced that the Company has received approval in principle from the Lloyd’s Franchise Board and the Financial Services Authority (FSA) to establish a new managing agent and...
Int’l. Underwriting Association Pledges Electronic Claims Payment Progress
Jan 21 2009 // An article on the Lloyd’s web site (www.lloyds.com) discusses plans by the International Underwriting Association for making claims payment a top priority for 2009. The IUA aims to double the number of new claims...
Lloyd’s Chairman Calls for Insurance Industry Input in Financial Regulation
Jan 20 2009 // Lloyd’s Chairman, Lord Peter Levene, has called for insurers to contribute to the debate about the future of financial markets, citing better regulation as the key way forward. In an article on the Lloyd’s web...
Lloyd’s Exchange Offers Real Change
Jan 16 2009 // The Lloyd’s Exchange pilot initiative (See IJ web site – https://www.insurancejournal.com/news/international/2009/01/13/96927.htm] was formally introduced on Thursday to the general approval of all concerned....
IBM Chosen to Provide Lloyd’s ‘Exchange Pilot’ Communication System
Jan 13 2009 // Lloyd’s announced that it has selected IBM to deliver the Lloyd’s Exchange pilot. “The Exchange will allow market participants to transfer risk information to each other using electronic messaging...
Economy and Climate Change Top New Year Agenda
Jan 11 2009 // For the moment the economic recession is driving the global stagecoach, while climate change is riding shotgun, but it’s not as bad as it could be. Reports from Europe point to the fact that the P/C industry’s...
London Market Reform Group Sets 2009-11 Program
Jan 8 2009 // The Market Reform Group (MRG), which sets priorities for London’s insurance industry, has announced its plans to, in its words, “deliver a new growth spurt that will further cement London as the market of...
Lloyd’s Receives Guernsey General Insurance License
Jan 7 2009 // Lloyd’s announced that it has obtained a license to write direct general insurance business in Guernsey. “Before now Lloyd’s has been viewed as a ‘Recognized Insurer’, which has meant...
Lloyd’s, FSA Approve New MGA for ‘Sportscover’ Syndicate
Jan 6 2009 // The Financial Services Authority and Lloyd’s have given approval for a new managing agency to assume the management of the Sportscover syndicate, 3334 SCS. The new managing agency, Sportscover Underwriting Limited...
