Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Business Moves
Apr 9 2007 // Nurses RRG, Florida Nurses Association Sophia Palmer Nurses Risk Retention Group, Inc. will offer malpractice insurance to Florida nurses in partnership with the Florida Nurses Association. The newly formed Risk Retention...
Two charged in bicoastal restaurant insurance brokerage scam
Apr 9 2007 // A Canadian man has been extradited to the United States to face trial on charges that he swindled $7 million from the victims of a fraudulent commercial insurance policy scheme, Acting New York Insurance Superintendent...
Lloyd’s 360 Report Examines Potential Effects of ‘Rapid Climate Change’
Apr 6 2007 // Lloyd’s third “360 report” does for the insurance industry what the IPCC report, see previous article, does for the whole world. It focuses attention on global warming/climate change in a way that cannot...
Bermuda Not a Threat; Lloyd’s Welcomes ‘Healthy Competition’
Apr 5 2007 // The London Market in general and Lloyd’s in particular has been having an ongoing debate for the last few years over the place Bermuda-based companies occupy in the overall market. Are they basically competitors, who...
Lloyd’s China Reinsurer Rated ‘A’ by S&P, Best and Fitch
Apr 3 2007 // The three major rating agencies, Standard & Poor’s, A.M. Best and Fitch Ratings, have all assigned “A” ratings (Fitch was actually ‘A+’) to Lloyd’s Reinsurance Co. (China) Ltd....
Best Affirms Catlin Group Ratings; Outlook Negative
Apr 2 2007 // A.M. Best Co. has affirmed the financial strength ratings of “A” (Excellent) and the issuer credit ratings of “a” of Bermuda-based Catlin Insurance Company Ltd. (CICL) and the UK-based Catlin...
Best Affirms Lloyd’s Syndicate 2003 Ratings; Withdraws Syndicate 2020
Apr 2 2007 // Concurrent with its rating announcements concerning the Catlin Group (See related article), A.M. Best Co. affirmed its Syndicate Rating of “A” (Excellent) and the issuer credit rating (ICR) of “a”...
Best Announces Lloyd’s Syndicates Rating Actions
Apr 2 2007 // A.M. Best Co. announced that it has reviewed all of its ratings on a number of Lloyd’s Syndicates, following the affirmation of Lloyd’s financial strength rating (FSR) of “A” (Excellent) and issuer...
Best Affirms Lloyd’s ‘A’ Ratings; Revises Outlook to Positive
Mar 30 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A” (Excellent) and the issuer credit rating (ICR) of “a” of Lloyd’s of London, and the ICR of “a-” of the Society...
Lloyd’s Posts Record Pre-tax Profit – Over $7 Billion
Mar 29 2007 // What a difference a year makes. Lloyd’s has just announced pretax profits for 2006 of £3.662 billion ($7.2 billion) compared to the £103 million ($202 million) loss figure posted in 2005. Lloyd’s also posted...
Fitch Upgrades Lloyd’s Ratings
Mar 29 2007 // Even before it announced record profits (see related article) Lloyd’s received good news from Fitch Ratings, who announced that it has upgraded Lloyd’s Insurer Financial Strength (IFS) rating by one notch to...
London Looks for ‘Best Marine Talent ‘
Mar 27 2007 // Lloyd’s and the London markets are about to launch a new campaign “to encourage the brightest young talent in the marine market to play a role in shaping its future.” The Lloyd’s Market Association...
Fraud Roundup
Mar 26 2007 // Washington appoints advisory board Washington Insurance Commissioner Mike Kreidler has appointed a special advisory board to monitor the agency’s fraud unit. Earlier this year, the agency’s eight-member Special...
Fraud Roundup
Mar 26 2007 // Washington appoints advisory board Washington Insurance Commissioner Mike Kreidler has appointed a special advisory board to monitor the agency’s fraud unit. Earlier this year, the agency’s eight-member Special...
Lloyd’s Underwriter Survey Again Puts ‘Managing the Cycle’ as Chief Concern
Mar 23 2007 // “For the third year running, underwriters in the Lloyd’s market have identified managing the cycle as the most important challenge for the industry, and over two-thirds believe that the industry has made some...
Ark Syndicate Is Newest Lloyd’s MGA
Mar 20 2007 // Ark Syndicate Management opened for business as Lloyd’s newest managing agency. Ark will assume the management of Syndicate 4020 with a 2007 capacity of £114 million ($222 million). The new Syndicate “will...
Bay Area Man Sentenced for Selling Fake Policies
Mar 15 2007 // A former insurance broker/agent has been sentenced to 10 years in prison for the sale of approximately $6 million worth of fake insurance policies the broker falsely claimed were underwritten by Lloyd’s of London,...
Lloyd’s Chairman Revues Asia’s Growth Prospects in Singapore Speech
Mar 12 2007 // Lord Peter Levene, Chairman of Lloyd’s, reminded an appreciative audience in Singapore that “Asia is an exciting place to be right now. Its expertise and knowledge, combined with its vast population and low...
Lloyd’s, FSA Approve Pembroke Managing Agency for Quanta
Mar 5 2007 // Bermuda-based Quanta Capital Holdings Ltd. announced that it has entered into definitive agreements with Chaucer Holdings PLC, the specialty Lloyd’s insurer, and the senior underwriting team of Syndicate 4000,...
Aon CEO Stresses Lloyd’s Need for ‘Speed of Access’
Mar 5 2007 // Greg Case, Aon’s president and CEO, told an attentive London audience (as summarized on the Lloyd’s web site – www.lloyds.com) that the City would retain its pre-eminence in the global risk and insurance...
