Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Lloyd’s Releases New Three-Year Strategic Plan
Dec 12 2008 // Lloyd’s has published the latest revision of its three-year strategic plan, which outlines its “direction and key priorities” for the period. The bulletin noted that the plan and its annual Franchise...
Lloyd’s Names Eutebach Market Relations Manager – Germany, Austria
Dec 3 2008 // Lloyd’s has announced the appointment of Volker Eutebach as its first Market Relations Manager for Germany and Austria. He joined Lloyd’s on December 1st, and will be based in Frankfurt, working closely with...
Best Affirms Amlin and Lloyd’s Syndicate 2001 Ratings
Dec 3 2008 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a” of Amlin Bermuda Limited (ABL) with a stable outlook. Best also affirmed...
Somali Pirates Heighten Menace
Nov 30 2008 // Insurers Increasingly Concerned Over Growing Threat of Attacks Yo, ho, ho and a tanker of oil – Pirates of the Caribbean they’re not. Today’s descendants of the marauders of the Spanish Main operate from...
Lloyd’s Expects U.S. To Adopt Federal Regulation of Insurance
Nov 30 2008 // Pushed by the global economic crisis, the United States is expected to embrace federal regulation of the insurance industry as early as 2009, according to some financial and insurance executives. Federal regulation —...
Lloyd’s Conference Finds Progress in Insurers Efforts on Climate Change
Nov 26 2008 // Over 100 representatives from the financial services sector met at Lloyd’s on Nov. 24 to listen to what the insurance industry has been doing to combat climate change. The conference, held for the first time this...
Lloyd’s and Rand Issue New Report on ‘Transatlantic Litigation Trends’
Nov 19 2008 // Lloyd’s and RAND have issued a new report on transatlantic litigation trends. The spread of what Lloyd’s Chairman Lord Peter Levene has called the “compensation culture,” is becoming an increasing...
Lloyd’s Expects U.S. To Adopt Federal Regulation of Insurance
Nov 19 2008 // Pushed by the global economic crisis, the United States is expected to embrace federal regulation of the insurance industry as early as 2009, according to some financial and insurance executives. Federal regulation in the...
Best Affirms Lloyd’s Syndicates 609, 570 (Atrium/Ariel) ‘A’ Ratings
Nov 14 2008 // A.M. Best Co. has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicates 609 and 570, both of which are managed by Atrium...
Marsh’s Bowring Supports Clients with Innovative Risk Transfer Products
Nov 11 2008 // Bowring, Marsh’s International Specialist Broker, announced new efforts to make its placement leadership meet the requirements of its clients by creating “five bespoke risk transfer products covering property,...
Max Cap Completes Lloyd’s Acquisition
Nov 10 2008 // The Bermuda-based Max Capital Group has completed the previously announced acquisition of Imagine Group (UK) Limited, a Lloyd’s insurance operation, from Imagine Insurance Company Limited. “Imagine...
Piracy Attacks Boost Demand for Kidnap & Ransom Coverage
Oct 31 2008 // Pirate attacks on the world’s shipping have been increasing at an alarming rate. “Last week the Piracy Reporting Centre (PRC) confirmed a dramatic increase in piracy attacks on merchant vessels in the third...
Ratings: Max Capital, Flagstone Re (Africa), VIG RE, Alliance, Syndicate 1414
Oct 30 2008 // Standard & Poor’s Ratings Services has affirmed its ‘BBB-‘ counterparty credit ratings on Max Capital Group Ltd. and Max USA Holdings Ltd. The outlook on both companies remains positive. “The...
Montpelier Re Forms Lloyd’s Managing Agent
Oct 24 2008 // Montpelier Re Holdings Ltd. announced that it has received approval from the UK’s Financial Services Authority (FSA) and Lloyd’s to establish a wholly owned Lloyd’s Managing Agent subsidiary. The new unit...
Lloyd’s Estimates Gustav/Ike Net Claims at Around $2.34 Billion
Oct 21 2008 // Lloyd’s has announced that its provisional loss estimates for Hurricanes Gustav and Ike will be approximately £1.3 billion ($2.34 billion). The estimate covers both on and offshore claims from both storms, and...
Loucaides Joins Lloyd’s Jubilee Managing Agency
Oct 21 2008 // Jubilee Managing Agency, a specialist Lloyd’s insurer, has announced the appointment of Andreas Loucaides, the former CEO of Catlin UK, as Director of Underwriting “to expand its portfolio and diversify its...
Flagstone Re Buying Lloyd’s Marlborough Underwriting Agency
Oct 20 2008 // Bermuda-based Flagstone Reinsurance Holdings Limited has entered into an agreement to acquire Marlborough Underwriting Agency Limited, the managing agency for Lloyd’s Syndicate 1861. The Syndicate underwrites a...
ACE Extends Commercial D&O Offering into Lloyd’s
Oct 17 2008 // ACE Europe announced that it has extended broker access to its market-leading Directors & Officers (D&O) portfolio by writing commercial D&O risks at Lloyd’s. Commercial D&O is now available...
TriSystems ‘Universal Messaging’ to Support Electronic Lloyd’s Trading
Oct 13 2008 // London Market reform technology specialists TriSystems announced that their Universal Messaging Gateway (UMG) suite is now available via the Internet in a move, which the Company says will “be widely seen as a...
