Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Lloyd’s Members Approve Proposals to Modernize Governing Statute
May 23 2008 // At an Extraordinary General Meeting held yesterday, May 21, the membership of Lloyd’s approved a resolution to consent to the proposals to amend the Lloyd’s Act of 1982 by means of a Legislative Reform...
Willis, Lloyd’s Create Largest Launch Coverage for Eutelsat
May 19 2008 // The largest satellite “launch insurance package ever placed has been completed by broker Willis Inspace, with a Lloyd’s underwriter leading the risk,” for Europe’s Eutelsat, the world’s third...
Lloyd’s Unveils 360 Project’s Latest Target: the ‘Liability Challenge’
May 15 2008 // “Businesses could be facing a future liability crisis if they do not face up to growing litigation issues,” Lloyd’s warns in its latest report -“‘Directors in the Dock – is business...
Lloyd’s Amlin to Launch Insurance Risk Trading Venture
May 7 2008 // Amlin plc, one of Lloyd’s largest insurers, has announced its intention to form a new Investment Management Partnership with John Wells, who will become Chairman, and Luca Albertini, who will become Chief...
Business Moves
May 5 2008 // NSM Insurance, Insurex NSM Insurance Group, a national wholesaler and program manager based in Conshocken, Pa., has acquired Insurex, a California-based workers’ compensation brokerage. The acquisition...
Lloyd’s Lord Levene’s L.A. Speech Lauds London
Apr 28 2008 // Lloyd’s Chairman Lord Levene told an audience of around 100 business executives in Los Angeles on Friday that London’s strengths as a leading global financial center have not been diminished by the credit...
Lowery Named to Head Lloyd’s North America
Apr 22 2008 // Lloyd’s announced the appointment of LoriAnn Lowery as its new President, North America. She will report directly to Director, Market Operations and North America Sue Langley, in London. Lowery “will be...
World’s Weather as a Deranged Pinball Machine?
Apr 21 2008 // The 10th edition of the European Insurance Forum (EIF), held at Dublin’s Four Seasons Hotel and sponsored by the Dublin Insurance & Management Association (DIMA) April 7-8, focused on some major issues of...
Lloyd’s Warns on Europe Quake Risks
Apr 18 2008 // The early morning earthquake that struck Market Rasen in Lincolnshire recently was literally a wake-up call for many people. (See IJ web site –...
Lloyd’s Authorized as Brazil Reinsurer
Apr 18 2008 // Lloyd’s has received approval from the Superintendence of Private Insurance (SUSEP) to become the first admitted reinsurer in Brazil. Lloyd’s announced that it had applied for the license in February (See IJ...
Lloyd’s Braces for U.S. Hurricanes
Apr 17 2008 // Lloyd’s insurers with exposures on the US East Coast have been told to brace themselves for an above average storm season, with as many as eight hurricanes tearing through the Atlantic. In an article on its web site...
Lloyd’s Analyzes Europe’s Windstorms
Apr 16 2008 // “Winter storms in Europe are like London buses,” says an article on the Lloyd’s web site (www.lloyds.com) – “You don’t see any for a while and then along come two or three, one behind...
Lloyd’s Comments on Impact of UK’s Corporate Manslaughter Act
Apr 15 2008 // Lloyd’s warned UK executives that the Corporate Manslaughter Act and Corporate Homicide Act 2007, which came into effect on Sunday, April 6, may result in a “string of new prosecutions for fatal accidents that...
Lloyd’s Finds 25 New Risks for Industry to Worry About
Apr 10 2008 // As if the insurance industry didn’t already have a heaping plate full of risks, Lloyd’s has summarized the results of a scientific conference and added 25 more. An article on its web site (www.lloyds.com)...
Busher to Head Montpelier Re Europe
Apr 7 2008 // Montpelier Re Holdings Ltd. Has appointed Thomas G.S. Busher as Head of European Operations, effective July 1, 2008. He is a “founding member of Montpelier’s management and is Deputy Chairman and Chief...
Lloyd’s Leaders Comment on Results
Apr 7 2008 // Title According to an article on the Lloyd’s web site (www.lloyds.com), leading figures in the Lloyd’s market have welcomed the record results for 2007 and acknowledge the strength of the market to face the...
Lloyd’s Welcomes Overhaul of U.S. Regulations
Apr 7 2008 // Lloyd’s has welcomed the focus given to international issues in the US Treasury Blueprint for modernizing the US financial regulatory structure. The report sets out how the US Treasury believes financial regulation,...
Lloyd’s 2007 Results; +$7.6 Billion
Apr 3 2008 // Lloyd’s announced a pre-tax profit of £3.846 billion ($7.622 billion) for 2007, compared to £3.662 billion ($7.26 billion) in 2006. Gross written premiums were down slightly at £16.366 billion ($32.346 billion)...
Argo Makes Offer for Lloyd’s Heritage; Conference Today; Best Comments
Apr 3 2008 // The Bermuda-based Argo Group International Holdings has made an offer to acquire Heritage Underwriting Agency, Plc, a successful Lloyd’s insurer. The transaction is subject to “relevant legal and regulatory...
2008 Aviation Outlook Unclear
Mar 31 2008 // Capacity for aviation coverage appears to be increasing, but, as claims are also on the rise, the outlook for the year ahead is not one that is easy to predict. Aon aviation industry analyst, Magnus Allan, commented...
