Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Washbourn Named New Head of London Market’s JWC
Aug 30 2006 // The London Market’s Joint War Committee, which represents the interests of London underwriters who insure ships sailing into dangerous waters, has appointed Clive Washbourn as its new chairman. He is currently head...
New Lloyd’s Syndicate to Provide Amateur Sports Coverage
Aug 16 2006 // The old saying about necessity being “the mother of invention” also seems to hold true for the insurance industry. With the number of sports related injuries on the increase in the U.K. – there are an...
Lloyd’s Warns on Australian Stock Broker Coverage
Aug 14 2006 // Lloyd’s issued a bulletin warning that an Australian stock brokerage firm called The Armitage has been falsely claiming to have coverage from Lloyd’s. Lloyd’s said it “has become aware” that...
U.S. Surplus Lines Brokers Detailed on Lloyd’s Website
Aug 9 2006 // Lloyd’s has placed detailed information on U.S. surplus lines brokers on its Website www.lloyds.com/us. The information available will “help the market verify the license details of surplus lines...
Best Affirms Lloyd’s “A” Rating
Aug 1 2006 // A.M. Best Co. has affirmed Lloyd’s financial strength rating (FSR) of “A” (Excellent) and the issuer credit rating (ICR) of “a”. Best also affirmed the ICR of “a-” of the Society...
States may scrap full collateral requirements for ‘alien’ reinsurers
Jul 24 2006 // In an abrupt departure from procedures that have been in place since World War II, the National Association of Insurance Commissioners took a first step at its recently concluded meeting in Washington, D.C., towards...
Lloyd’s: Stakes ‘Huge’ But Manageable If Major Hurricane Hits New York State
Jul 19 2006 // A Northeast hurricane hitting New York state could result in insured losses of $65 billion, Lloyd’s America President Wendy Baker warned today. “The stakes are huge,” Baker said in a speech to the...
Guy Carpenter Releases Annual Review of Lloyd’s Market
Jul 17 2006 // Guy Carpenter & Company Inc., a global risk and reinsurance specialist and part of the Marsh & McLennan Companies, has published its fourth annual report on the Lloyd’s Market, a comprehensive review of...
Canadian Business Ill-Prepared for Climate Change Risk, Lloyd’s Warns
Jul 12 2006 // Canadian business is vulnerable to climate change and the increasing frequency and intensity of natural catastrophes, Lloyd’s Chairman Lord Peter Levene warned in a July 11 speech to the Vancouver Board of...
Lloyd’s “360 Risk Project” Conference Tackles Climate Change
Jul 7 2006 // Lloyd’s new 360 Risk Project is dedicated to examining issues that affect the insurance industry, and its first conference took on today’s most far-reaching and important issue – the debate over climate...
Business Moves
Jul 3 2006 // IAG, Lloyd’s Insurance Australia Group Ltd. acquired a newly-formed Lloyd’s managing agency and specialist Asian syndicate, Alba Group Pte Ltd., to “support the development and management of its expanding...
Lloyd’s Comments on Celebrity Advertising Campaign Coverage
Jun 29 2006 // It’s nice to learn that Lloyd’s hasn’t turned its back on covering the perils that may strike the world’s movie, sports and assorted other celebrities. On the contrary, a recent article on its...
Lloyd’s Chairman Tells ALM Conference More Efforts Needed
Jun 26 2006 // Lloyd’s Chairman, Lord Peter Levene, described a bright future, but one that needs work to be achieved, for those attending the 2006 conference of the Association of Lloyd’s Members (ALM) last week. He stressed...
Lloyd’s Interviews Marsh’s Matanle on Broker Competitiveness
Jun 21 2006 // The Lloyd’s Website (www.lloyds.com) features an interview with Stephen Matanle, global markets leader at Marsh and Chair of the London Market Insurance Brokers’ Committee (LMBC), about the challenges facing...
Lloyd’s forecast for Northeast: Storms, global warming threats are real
Jun 19 2006 // The prospect of another nasty hurricane season has everyone in the insurance industry braced for a white-knuckle ride. The spectre of a hurricane hitting a major Northeast population center is hardly the stuff of Hollywood...
IAG Acquires New Lloyd’s MA – Specialist Asian Insurer
Jun 15 2006 // Insurance Australia Group Limited (IAG) announced that it has acquired a newly-formed Lloyd’s managing agency and specialist Asian syndicate, Alba Group Pte Limited, to “support the development and management...
Quanta in Deal with Lloyd’s Chaucer to Manage Syndicate 4000
Jun 9 2006 // Quanta Capital Holdings Ltd. has signed a non-binding “Heads of Agreement” with Chaucer Holdings PLC, a specialist Lloyd’s insurer, and the senior underwriting team of Syndicate 4000 under which a new...
Lord Levene Sets Lloyd’s and London’s Priorities for Fellow Peers
Jun 9 2006 // In a speech to the House of Lords, given as part of a discussion on “London as a World Financial Center,” Lord Peter Levene stressed the financial health and leading position of both London and the...
U.S. and Insurers Can Withstand Hurricanes Without Taxpayer Funds, Says Lloyd’s U.S.
Jun 1 2006 // Residents of the Northeast coast “ignore the hurricane threat at their peril,” a leading insurer is warning. At the same time, Wendy Baker, president of Lloyd’s America, says she is confident that the...
RI3K, Xchanging Launch London Market Electronic Insurance Exchange
May 30 2006 // The U.K.’s insurance community is poised to fully enter the electronic age with the announcement from RI3K and Xchanging of the “London Market Electronic Insurance Exchange” (FELIX). The new system is...
