Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Council of Lloyd’s Notes Appointments
Feb 15 2006 // At its meeting today, Feb. 15, the Council of Lloyd’s announced the following appointments: – Lord Levene was re-appointed as Chairman of Lloyd’s; – Bronek Masojada, Chief Executive of Hiscox, was...
Lloyd’s Targets ‘Piracy Hot Spots’
Feb 8 2006 // The Piracy Reporting Centre at the International Maritime Bureau (IMB) has issued a new report that identifies a number of “piracy hot spots” that have “emerged over the past 12 months” where...
Best Affirms FSR for Lloyd’s Syndicate 958; Outlook Remains Stable
Feb 7 2006 // A.M. Best Co. has affirmed the Best’s Syndicate Rating of A (Excellent) and the issuer credit rating of “a+” of Lloyd’s Syndicate 958 (United Kingdom). The outlook for both ratings remains...
Lloyd’s disconnects troubled Kinnect technology
Feb 6 2006 // Ultimately “all the King’s horses and all the King’s men” couldn’t put Kinnect together again. The King’s men in this case being the management of Lloyd’s, who have finally thrown...
Lloyd’s disconnects troubled Kinnect technology
Feb 5 2006 // Ultimately “all the King’s horses and all the King’s men” couldn’t put Kinnect together again. The King’s men in this case being the management of Lloyd’s, who have finally thrown...
Lloyd’s to Sue Aon, Benfield Over Central Fund Policy
Feb 3 2006 // Lloyd’s is on the verge of initiating formal legal proceedings against two of its largest brokers, Aon and Benfield, over the Central Fund reinsurance policy they negotiated with a group of six insurers in 1999. The...
Lloyd’s Faraday Announces Underwriting Appointments
Feb 2 2006 // Faraday Group, the broker-focused Lloyd’s managing agent and London-based reinsurance group, announced the approval of the appointments of Mark Rayner and Paul Ceurvorst as joint Chief Underwriting Officer and Active...
Best Assigns ‘A’ Ratings to SVB’s Lloyd’s Syndicates 2147 & 1007
Feb 1 2006 // In two separate announcements A.M. Best Co. said it has assigned a Best’s Syndicate Rating of “A” (Excellent) and an issuer credit rating (ICR) of “a” to Lloyd’s Syndicate 2147 and...
Brit’s Douetil to Head Lloyd’s Market Reform Group
Jan 30 2006 // Lloyd’s announced that Dane Douetil, Chief Executive of Brit Insurance Holdings PLC, has been appointed as the new head of the Market Reform Group (MRG), the body responsible for process reform and modernization in...
Lloyd’s Leaders Participate in Davos Panel Discussion on Global Risks
Jan 27 2006 // The Lloyd’s delegation, currently attending the World Economic Forum in Davos, Switzerland, will be part of a panel discussion examining one of the “three main themes of the event -” the rise in global...
Lloyd’s Comments on Cat Models
Jan 26 2006 // “Catastrophe models are useful, but have their limits,” says a comment on the Lloyd’s Web site (www.lloyds.com). “That is the lesson learnt by the insurance industry following last year’s...
RI3K Head Warns Lloyd’s of Need to Reform to Survive
Jan 26 2006 // In a speech to the Insurance Institute of London yesterday, Jan. 25, Alex Letts, the Chief Executive of RI3K Ltd. – the London-based provider of platform technology infrastructure for the reinsurance industry,...
Lloyd’s Announces Governing Council Election Results
Jan 24 2006 //
Lloyd’s Shuts Kinnect
Jan 24 2006 // Ultimately “all the King’s horses and all the King’s Men” couldn’t put Kinnect together again. The King’s men in this case being the management of Lloyd’s, who have finally thrown...
A seriously shaken reinsurance industry rebuilds
Jan 23 2006 // Although Katrina is long gone, the clouds of misfortune she and her sisters generated will linger for decades. They radiate well beyond Louisiana, Florida, Texas, Mississippi, Alabama and other regions into the heart of...
New entrants join race for surplus lines share
Jan 23 2006 // XL, Rockhill and GMAC RE jockey for market share with established surplus lines writers Katrina-sized catastrophes put added pressure on admitted carriers, which increases the demand for greater capacity in excess and...
Reinsurance Outlook
Jan 22 2006 // Although Katrina is long gone, the clouds of misfortune she and her sisters generated will linger for decades. They radiate well beyond Louisiana, Florida, Texas, Mississippi, Alabama and other regions into the heart of...
CLOSER LOOK: Excess, Surplus & Specialty
Jan 22 2006 // XL, Rockhill and GMAC RE jockey for market share with established surplus lines writers Katrina-sized catastrophes put added pressure on admitted carriers, which increases the demand for greater capacity in excess and...
Lloyd’s Consortium Forms New Facility for Satellite Insurance
Jan 20 2006 // A consortium of Lloyd’s underwriters has formed a new facility for satellite insurance that will “enable the most accurate pricing of risks the sector has ever seen,” said an announcement on the...
Lloyd’s Launches “Optimal Platform” to Meet Foreign Competition
Jan 17 2006 // Lloyd’s has launched a new three-year plan to keep the London market healthy in the face of growing foreign competition, especially from Bermuda. The plan, called the Optimal Platform, outlines a “package of...
