Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Lloyd’s Ascot Launches Renewable Energy Insurance Program
Jul 6 2007 // Lloyd’s Ascot Underwriting, which operates Syndicate 1414 and is backed by AIG, announced the establishment of its new renewable energy operation, Renewco Underwriting. Ascot described Renewco as the “first...
Lloyd’s Enables Advanced Slip Checking Technology
Jun 28 2007 // In a further move to bring its processing operations into the 21st Century, Lloyd’s announced that it has “teamed up with Adsensa – one of the London Market’s leading suppliers of slip and policy...
Lloyd’s Profiles FBI’s ‘Man in London’
Jun 26 2007 // Although it’s fairly well known that the U.S. maintains a number of law enforcement offices and personnel around the world, it’s rare to get a close-up interview with an actual agent. Lloyd’s has managed...
Guy Carpenter Set to go Electronic on All Lloyd’s Claims
Jun 21 2007 // Guy Carpenter & Company, Marsh & McLennan’s risk and reinsurance specialist, announced plans to mandate the use of Electronic Claims File (ECF) for in-scope claims for all Lloyd’s markets from January...
Montpelier Re Launches New Lloyd’s Syndicate; S&P Comments
Jun 21 2007 // Bermuda’s Montpelier Re Holdings Ltd. announced that it has received approval from Lloyd’s for the commencement of trading on July 1, 2007 of a new Syndicate, to be known as Montpelier Syndicate 5151, pseudonym...
IMB Warns of Horn of Africa Piracy Perils; Lloyd’s Reaction
Jun 20 2007 // The ICC International Maritime Bureau (IMB) has issued an alert to all sea traffic off the Horn of Africa. “Heavily armed pirates are subjecting vessels to violent attacks while in international waters,” said a...
Ribeiro Named New Lloyd’s Director – International Markets
Jun 14 2007 // Lloyd’s has appointed Jose Ribeiro, currently Willis’ Managing Director for Latin America and the Caribbean, as its new Director of International Markets and Business Development. He assumes responsibility...
UK Committee Adopts Contract Certainty Code of Practice
Jun 14 2007 // Under the latest phase of the UK’s drive to embed contract certainty into the day-to-day processes of its insurance industry, the Contract Certainty Steering Committee (CCSC) has published a code of practice designed...
Lloyd’s Settles Dispute with Aon, Benfield over Central Fund Policy
Jun 11 2007 // Lloyd’s announced that it has reached a settlement with brokers Aon and Benfield of litigation centering on the placement terms of the New Central Fund insurance policy, issued in 1999. Benfield made a similar...
Lloyd’s to Issue Tier 1 Subordinated Debt; S&P, Best Ratings
Jun 7 2007 // Lloyd’s announced plans to “return to the debt markets with a benchmark issue of Tier 1 perpetual subordinated debt.” The bulletin said the “issue will give greater flexibility and liquidity to...
Novae Launches UK Property Team
Jun 7 2007 // Novae Plc has put together a team of specialist property underwriters to handle its new venture into the UK property market. Mike Platt and his team of Darrian Kempster, Barrie Roper and Tim Simpson-Lee have joined the...
Langley Leaving Hiscox to Become Lloyd’s Director
May 31 2007 // Sue Langley, previously Chief Operating Officer at Hiscox, is leaving the Bermuda-based/UK insurer to take up a new position as Lloyd’s Director, Market Operations and North America. She is expected to formally join...
Ratings Roundup: Atrium; Hardy; Beazley; Amlin; Cathedral; RIMAC
May 25 2007 // A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb+” of Atrium Underwriting plc, the non-operating holding company of Atrium Underwriters Limited (AUL). Best also revised the outlook to positive...
Recent Ratings Recaps: ACE (Aus. & NZ); CCR; Omega; Kiln
May 22 2007 // A.M. Best Co. has affirmed the financial strength rating of “A” (Excellent) and the issuer credit rating (ICR) of “a+” of ACE Insurance Limited (Australia) and ACE Insurance Limited (New Zealand)...
The Courage to Compete
May 21 2007 // In 1968 when the Maurice “Hank” Greenberg took over what was to become American International Group (AIG), it was an insurance agency selling other insurers’ policies around the globe. Within years, AIG...
News Currents
May 21 2007 // Lloyd’s and Economist Intelligence Unit report warns of threats from political violence Global business leaders report they are increasingly concerned about risk; prevents some from investing overseas A new report...
S&P Raises Rating on Lloyd’s Advent Syndicate 0780; Outlook Positive
May 15 2007 // Standard & Poor’s Ratings Services has raised its Lloyd’s Syndicate Assessment (LSA) on Advent Underwriting – Syndicate 0780 to “2” from “2-” with a positive...
Lloyd’s Still Insures Body Parts: ‘Ugly Betty’s Smile’ Worth $10 Million
May 14 2007 // It’s somehow comforting to learn that for all of its recent commitments to “underwriting discipline,” “the bottom line” and electronic trading, Lloyd’s still takes on the odd – not...
Lloyd’s Report Warns of Threats from ‘Political Violence’
May 10 2007 // A new report from Lloyd’s and the Economist Intelligence Unit (EIU) has found that global businesses are becoming increasingly concerned about risks from political violence. However, too little has been done to...
Business Moves
May 7 2007 // Biron Agency Jane Biron Siviski has reactivated her former exclusive bond-only agency in Newington, Conn. Biron Siviski, owner of The J. Biron Agency Inc., announced that her company has separated from Sinclair Insurance...
