Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
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...
Lloyd’s CEO Wants Faster, Better Claims Handling; CII Responds
Oct 5 2007 // Lloyd’s CEO Richard Ward is a man in a hurry. He wants fundamental changes in the way Lloyd’s does business and he’s not prepared to wait. In a speech sponsored by the Insurance Institute of London...
Lloyd’s H1 Results – $3.65 Billion Pre-Tax Profit
Sep 27 2007 // Lloyd’s turned in a strong first half, booking a pretax profit of £1.807 billion ($3.65 billion), compared to £1.351 billion ($2.732 billion) for the first six months of 2006. Despite the subprime lending crisis,...
U.S. excess and surplus lines market attracts international attention
Sep 24 2007 // The United States excess and surplus lines market presents opportunities that are not lost on the rest of the world. Lloyd’s is the second largest U.S. surplus lines writer with a 14 percent market share. Direct...
Lloyd’s America’s Baker: Time for action on climate change is now
Sep 24 2007 // For an insurer, understanding climate change is a matter of understanding trends in risk and changes in those trends. For Wendy Baker, president of Lloyd’s America Inc., staying on top of those trends in the United...
Guy Carpenter finds Lloyd’s market at its ‘healthiest in 300 years’
Sep 24 2007 // Findings boast stellar results for London market with Lloyd’s leading the way Guy Carpenter & Co., Marsh’s reinsurance broker and risk management division, has released “The Lloyd’s Market in...
Lloyd’s America’s Baker: Time for action on climate change is now
Sep 24 2007 // For an insurer, understanding climate change is a matter of understanding trends in risk and changes in those trends. For Wendy Baker, president of Lloyd’s America Inc., staying on top of those trends in the United...
Lloyd’s Comments on Rugby World Cup Insurance Coverage
Sep 20 2007 // Even though the U.S. has a team – The Eagles – in the finals of the Rugby World Cup, the event doesn’t exactly get the same press coverage as the Super Bowl or the World Series. Nonetheless for the 20...
Lloyd’s MGA Joins China Platform
Sep 17 2007 // S.A. Meacock and Co. is the most recent Managing General Agent to join Lloyd’s rapidly-growing China platform, bringing the total to 11. Ian Faragher, Managing Director of Lloyd’s China Re, observed that the...
Lloyd’s Signs on to ‘ClimateWise’
Sep 14 2007 // Lloyd’s announced that it is joining a number of leading insurers, reinsurers and brokers in signing on to the “ClimateWise principles.” Lloyd’s described the initiative as a “major...
RI3K Launches New London Market E-Message Service
Sep 12 2007 // London-based service provider RI3K announced the completion of its new message service for the insurance and reinsurance industry, following extensive trials to assure that “it is scalable, secure and fit for...
Guy Carpenter Publishes New Lloyd’s Market Report
Sep 11 2007 // Guy Carpenter & Company, LLC has released “The Lloyd’s Market in 2007,” its fifth annual review of Lloyd’s financial and operational performance. Overall Lloyd’s is probably in the...
Lloyd’s Dinner Features Lord Levene, NATO Head on Global Concerns
Sep 7 2007 // Lloyd’s held its fifth “Annual City Dinner” on Wednesday night, Sept. 5. A cross section of business and government leaders in attendance heard from Lloyd’s Chairman Lord Levene and the Secretary...
Best Downgrades Lloyd’s Syndicate 1414 Ratings
Sep 4 2007 // A.M. Best Co. has downgraded the its Syndicate Rating to “A” (Excellent) from “A+” (Superior) and the issuer credit rating (ICR) to “a+” from “aa-” of Lloyd’s Syndicate...
Lloyd’s Donates $110,000 to International Alert Peace Fund
Aug 31 2007 // Lloyd’s Charities Trust announced that it plans to donate £50,000 ($110,000) to “a unique fund set up by International Alert to aid companies operating in conflict areas around the world.” The...
Lloyd’s to Unveil New Marine Policy Contract Wordings
Aug 22 2007 // Lloyd’s announced that “experts from across the Lloyd’s and London markets are set to unveil a suite of new contract wordings for the marine market in the coming weeks and months.” Spurred by the...
Mass. Court Rules Excess Insurer Not Bound by Primary Insurer Settlement
Aug 7 2007 // An insurer of a so-called “follow form” excess policy is not bound by the decision of a primary insurer to settle a claim, the Massachusetts Supreme Judicial Court has ruled. The state’s highest court...
Lloyd’s America’s Baker: Time for action on climate change is now
Aug 6 2007 // For an insurer, understanding climate change is a matter of understanding trends in risk and changes in those trends. For Wendy Baker, president of Lloyd’s Amer-ica Inc., staying on top of those trends in the United...
Lloyd’s CEO Puts the Hammer Down
Jul 12 2007 // “I have no doubt that there is a shared will in the market to improve our processes and much progress has been made,” stated Lloyd’s Chief Executive Richard Ward in response to a letter sent to the market...
