Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Lloyd’s Reports on Chinese Market
Nov 13 2007 // Lloyd’s has released a research report on China’s rapidly developing insurance market, which it said “explores the key trends in the Chinese non-life insurance market and the opportunities they present...
Lloyd’s CEO Discusses ‘Mega-Trends, Insurance Industry’s Future
Nov 8 2007 // “The world is changing at an exponential rate but this is not something we should fear. It is something that we should embrace and be prepared for,” Lloyd’s CEO Richard Ward told his audience at the...
Lloyd’s Counsel Decries ‘Red Herring’ Objections to Collateral Reform
Nov 8 2007 // Sean McGovern, Lloyd’s Director and General Counsel, accused the opponents of reforming the U.S. collateral trust rules on reinsurance of introducing the “latest red herring” into the debate. In a...
Lloyd’s Holds Conference on Terrorist Threats in New York
Nov 5 2007 // Threats from terrorists have become a subject nobody can ignore – least of all the insurance industry. To meet those threats requires knowing who the terrorists are and how they operate. Lloyd’s recent seminar...
People
Nov 4 2007 // Valiant Insurance Group Inc. announced that John N. DiBlanda has joined its U.S. property and casualty insurance operations as chief financial officer and chief operating officer. Prior to joining Valiant, DiBlanda served...
News Currents
Nov 4 2007 // Collateral conundrum: To change or not to change N.Y. steps out as first state to deliver level playing field for all reinsurers New York State Insurance Superintendent Eric Dinallo’s proposal that the highest rated...
Munich Re Acquires UK’s MSP Underwriting/Stake in Syndicate 318
Oct 30 2007 // Munich Re is acquiring the UK Company MSP Underwriting Ltd. for a figure it said is in the “mid double-digit million Euro range.” MSP Underwriting Ltd. owns both the Lloyd’s managing agency Beaufort...
Ratings Recap: Everest Re, Groupama, First Net, Novae, Hiscox, Amlin, Eurasia, Amlin (Bermuda), HSBC Re
Oct 29 2007 // Standard & Poor’s Ratings Services commented on an announcement by the Bermuda-based Everest Re Group Ltd. (A-/Negative/–) and related subsidiaries (collectively referred to as Everest). Following its...
Marsh’s Matanle to Succeed Douetil as Lloyd’s Reform Group Head
Oct 19 2007 // Stephen Matanle, Global Placement Leader at Marsh and chairman of the London Market Insurance Brokers’ Committee (LMBC), is to become Chairman of the London Market Reform Group (MRG). He will take over from Brit...
Lloyd’s Welcomes N.Y.s Reinsurance Collateral Reform Proposal
Oct 19 2007 // Lloyd’s of London, which has been pressuring for a change in New York’s reinsurance regulation for years, reacted positively to the proposal by New York State Insurance Superintendent Eric Dinallo to amend the...
Lloyd’s Launches Recruitment Program
Oct 18 2007 // Lloyd’s has announced the launch of its new graduate recruitment program in an expanded effort to “recruit fresh talent and ideas to the insurance industry.” The program is scheduled to run for 18 months...
Lord Levene Castigates U.S. Failure to Reform Reinsurance Collateral Regs
Oct 17 2007 // He’s said it before, and he’s said again. In a forceful open letter printed in the Financial Times (FT), Lloyd’s Chairman Lord Peter Levene wrote that it is “extraordinary that the US does not offer...
Lloyd’s: Electronic Claims Processing Advances; Too Slow Says Langley
Oct 17 2007 // The Market Reform Group (MRG), which directs the efforts of Lloyd’s and the London insurance market to move from paper to electronic processing, has issued its latest bulletin. It focuses on the committee’s...
ACE Bermuda International New Global Business Name; Lloyd’s Box Opened
Oct 17 2007 // As of October first “ACE European Markets Insurance Limited and ACE European Markets Reinsurance Limited will trade under the business name of ACE Bermuda International (ABI),” said a bulletin on the ACE web...
Texas District Judge Allows Allstate Texas Lloyd’s Rate Increase
Oct 17 2007 // On Oct. 15, Travis County District Judge Margaret Cooper ruled in favor of Allstate Texas Lloyd’s in the company’s quest to preserve an already-implemented homeowners rate increase. Cooper granted the...
Lloyd’s, UK’s Met Office Prepare for Repeat of 1987 Windstorm
Oct 16 2007 // Risk management Solutions commemorated the 20th anniversary of the destructive 1987 windstorm that struck Southern England and Northern France with a warning (See IJ web site Oct. 15). Lloyd’s and the UK’s Met...
Hiscox Opens U.S. Global Markets Division; Bolton to Lead Unit
Oct 15 2007 // Hiscox launched its U.S.-based Hiscox Global Markets, a division that underwrites internationally traded business via the Lloyd’s insurance market, and specialist retail business around the world. “The United...
Rugby World Cup Highlights Role of ‘Bonus Insurance’
Oct 15 2007 // The mighty All Blacks are out; France the host nation is gone, and so is Australia, another pre-tournament favorite, as well as the surprising Pumas from Argentina. Current champions England will face 1995 winner South...
Lloyd’s Settles Lawsuit Against Former R.I. Governor Sundlun
Oct 12 2007 // Former Rhode Island Governor Bruce Sundlun has settled a lawsuit filed by a British insurance market that claims he owes about $300,000. Lawyers for Sundlun and the Society of Lloyd’s, based in England, say...
People
Oct 8 2007 // James M. McGlennon was appointed vice president and chief information officer for Liberty Mutual Agency Markets, a strategic business unit of Liberty Mutual Group. McGlennon is responsible for the information technology...
