Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Heathrow Crash Won’t Raise Aviation Rates Says Lloyd’s
Jan 25 2008 // The recent “incident” at London’s Heathrow Airport (a British Airways Boeing 777 lost power just before landing and nearly crashed injuring several passengers) is not going to cause any significant rise...
UK to Relaunch Nuclear Power Plants
Jan 15 2008 // In a controversial decision the government announced that it will approve “a building program for a new generation of nuclear power stations, citing environmental reasons and the need for energy security in a...
Lloyd’s Broker Miller Forms New Facultative Reinsurance Team
Jan 14 2008 // Miller Insurance Services Limited, an independent specialist insurance and reinsurance broker operating in the international markets and at Lloyd’s, announced that Richard Court has joined the Company, and will...
HCC Puchases MultiNational; Launches Lloyd’s Syndicate
Jan 11 2008 // Houston-based insurer HCC Insurance Holdings has launched Lloyd’s Syndicate 4141 with an initial capacity of $24 million. It will write business on behalf of MultiNational Underwriters (MNU), the Indianapolis-based...
Lloyd’s GCube Promotes Growth in Renewable Energy Sector
Jan 11 2008 // “GCube, the insurance entity spun out of Lloyd’s managing general agency WindPro, has opened its doors to business on both sides of the Atlantic,” notes a bulletin on the Lloyd’s web site...
Lloyd’s Economist Analysis of 2008 Finds “Instability”
Jan 9 2008 // A research study, commissioned by Lloyd’s and the Economist Intelligence Unit in 2007, found that “54 percent of business leaders felt that the risk to their company of political violence and terrorist activity...
Lloyd’s Becomes Chile’s First ‘Approved Foreign Insurer’
Jan 7 2008 // Lloyd’s announced that it has become the first foreign entity to take advantage of a recent regulatory change in Chile’s insurance practice. Following the signing of a Free Trade Agreement in 2007...
Lloyd’s Defends Insurers Against ‘Spoilsport’ Image
Jan 4 2008 // An increasingly common complaint against the insurance industry charges that it is largely responsible for the disappearance of traditional events and activities due to the unavailability and/or the increasing cost of...
HCC Acquires MultiNational Underwriters; Approved for Lloyd’s Syndicate
Jan 3 2008 // Houston-based HCC Insurance Holdings Inc. announced it acquired Indianapolis, Ind.-based MultiNational Underwriters LLC (MNU), which specializes in international life, accident and health insurance, offering coverage to...
Mass Toy Recalls – a Manufacturers’ Nightmare
Dec 31 2007 // Although this year’s presents have long been opened, those who supply them have concerns that just won’t go away. “In the run-up to Christmas, there can have been few more worrying issues for toy...
Lloyd’s Insurers Consider Coverage for Commercial Space Flights
Dec 28 2007 // A bulletin on the Lloyd’s web site (www.lloyds.com) notes that the State of New Mexico and Virgin Galactic recently announced plans to construct a “multi-million pound spaceport.” As a result...
Brazil Relaxes Collateral Requirements for ‘Alien Reinsurers’
Dec 27 2007 // Brazil has become the latest jurisdiction to relax collateral requirements as countries begin to see the benefit of well-capitalized investment from foreign reinsurers, notes a bulletin on the Lloyd’s web site...
Lloyd’s Offers ‘Grinch’ Coverage
Dec 24 2007 // After 319 years in the business, Lloyd’s has probably insured just about everything. So it’s not surprising that this Christmas the venerable institution is offering “the first and only insurance policy...
Baker Steps Down as Head of Lloyd’s U.S.
Dec 19 2007 // Wendy Baker, president of Lloyd’s U.S. operations, has decided to leave the organization at the end of December. Baker has held the post for nine years. According to Sue Langley, head of Lloyd’s Market...
American Financial Takes 67% Stake in Lloyd’s Marketform
Dec 18 2007 // Lloyds’s insurer, Marketform Group Limited, which specilizes in non-US medical malpractice and other specialty lines, announced that American Financial Group Inc. (AFG) is to become the majority shareholder in its...
Japan’s Millea Group to Buy Lloyd’s Kiln for $898 Million
Dec 14 2007 // The boards of Tokio Marine & Nichido Fire Insurance Co., Ltd. (TMNF), the main operating companies of Japan’s Millea Group, and Bermuda-based Kiln Ltd. , a major Lloyd’s insurer, announced that they have...
Lloyd’s Renews ‘Three-Year Plan’
Dec 13 2007 // Lloyd’s has published its new 2008 – 2010 Three-Year Plan, which aims to build on its past success. CEO Richard Ward praised the achievements of Lloyd’s to date but urged caution as market conditions...
Lloyd’s Comments on Florida Changing Reinsurance Collateral Rules
Dec 12 2007 // Lloyd’s Director & General Counsel Sean McGovern, called Florida’s decision to explore making changes in the collateral insurance requirements for foreign, or “alien,” reinsurers, such as...
Lloyd’s Nanotechnology Conference and Report Examines New Risks
Dec 11 2007 // Lloyd’s held its first ever seminar on nanotechnology on Monday, Dec. 10. The conference was organized in cooperation with the Lighthill Risk Network, (http://www.lighthillrisknetwork.org), a non-profit organization...
Tolle Rallies Lloyd’s Troops to ‘Stand Firm as Cycle Slips’
Nov 30 2007 // In an article on the Lloyd’s web site Franchise Performance Director Rolf Tolle noted that “Lloyd’s companies are demonstrating a strong commitment to managing the underwriting cycle as market conditions...
