Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
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...
Business Moves
May 7 2007 // Engle Martin, LMS Engle Martin & Associates, Inc., an Atlanta-based multi-line insurance claims administration and adjusting company, has acquired the specialty fraternal and not-for-profit services of Litigation...
Brit Sells Majority Stake in RI3K to London Investors
May 4 2007 // If you build a better insurance trading platform, the world will beat a path to your door. Well, maybe not the world, but a group of sophisticated investors from “the City” (London’s financial heart) came...
Lloyd’s Testing Slip/Policy Quality Check Program
May 1 2007 // In its search for ways to “make it easier for underwriters and brokers to ensure that insurance contracts are right first time,” Lloyd’s has begun testing a new system that will check insurance slips...
Dowell / IAS Announce A New Marketing Alliance
Apr 27 2007 // New Jersey based Dowell Insurance Agency, Inc., and Integrated Assurance Solutions (Dowell / IAS) announce a new marketing alliance whereby Dowell /IAS will be a Lloyd’s Coverholder for the Jewelry and Fine Arts and...
Haasz to Leave Lloyd’s
Apr 26 2007 // Steven Haasz, Lloyd’s Director of market infrastructure & program management, will be leaving in July to join Prudential UK as Managing Director- Wholesale for the UK. He joins a small, but select group of...
S&P Upgrades Lloyd’s Ratings to ‘A+’
Apr 24 2007 // Not so long ago it was beginning to look like “A” ratings were an endangered species. However, after a lot of belt tightening (and a benign year for nat cats in 2006), the rating agencies have been raising,...
