Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Lloyd’s Note on Prettejohn
Oct 18 2005 // In a brief announcement Lloyd’s acknowledged the announcement by the U.K.’s Prudential Plc that CEO Nick Prettejohn will leave his post at the end of the year to become chief executive of the company’s...
Reputation, Regulation and Recruitment Focus of U.K. Conference
Oct 17 2005 // Pulling Together” was the overall theme of the United Kingdom’s Chartered Insurance Institute’s Annual Conference, which concluded Sept. 23 in London. However, the “Three Re’s” took an...
Hiscox: Rita Losses $70 Million; Ups Katrina Estimates, 2006 Premium Limit
Oct 10 2005 // The U.K.-based Lloyd’s and specialty insurer Hiscox Plc issued a statement indicating that its preliminary loss estimates from Hurricane Rita are around $70 million. Hiscox also said that, based on current industry...
Lloyd’s Reports First Half Profit
Oct 6 2005 // Lloyd’s announced an interim profit of 1.38 billion pounds Sterling ($2.47 billion) for the six month period ended June 30, 2005, a 21% increase compared to the same period in 2004. The severe hurricane season will...
Lloyd’s Report Says Global Businesses Fail to Identify, Manage Emerging Risks
Oct 5 2005 // Despite spending more time on risk management, board directors at global businesses are failing to identify and manage emerging risks effectively, according to a new research report published by...
News Briefs
Oct 3 2005 // Roundup of Katrina Loss Estimates: As the scope of the devastation wrought by Hurricane Katrina became increasingly evident, European and Bermuda-based insurers and reinsurers continued to calculate their potential...
Lloyd’s Syndicate to Offer Identity Theft Insurance Coverage
Sep 28 2005 // SVB Syndicate 1007, at Lloyd’s, announced the availability of identity insurance to help address the perils of identity theft. For the past five years in America, identity theft has reportedly been the number one...
Imagine to Acquire Lloyd’s Abacus
Sep 28 2005 // Imagine Insurance Company Limited, a member of The Imagine Group, announced that it has entered into an agreement in principle to acquire all of the outstanding shares of Abacus Syndicates Limited and Abacus Underwriting...
Reputation, Regulation and Recruitment Focus of CII Conference
Sep 26 2005 // “Pulling Together” was the overall theme of the U.K.’s Chartered Insurance Institute’s Annual Conference, which concluded Friday, Sept. 23 in London. However, the “Three Re’s” took...
International Newsbriefs
Sep 19 2005 // European Insurers Estimate Katrina Losses: A disaster the scope of Hurricane Katrina hits everybody, not just U.S. carriers. The following are some of the preliminary estimates of anticipated losses from a number of...
News Briefs
Sep 19 2005 // European Insurers Estimate Katrina Losses: A disaster the scope of Hurricane Katrina hits everybody, not just U.S. carriers. The following are some of the preliminary estimates of anticipated losses from a number of...
Lloyd’s Estimates Katrina Impact at $2.54 Billion
Sep 15 2005 // Following a review by all of its 44 managing agents, who operate its 62 active syndicates, Lloyd’s issued a bulletin indicating that its preliminary estimate of losses from Hurricane Katrina are approximately 1.4...
Kinnect’s Leaders Resign; Lloyd’s IT Platform to Undergo “Recoding”
Sep 15 2005 // Lloyd’s spokesperson Louise Shield confirmed that Toby Davies, the CEO of its Kinnect IT platform, and Iain Saville, the project’s Executive Chairman, have both stepped down, effective Sept. 14. Shield noted...
Best Takes Various Rating Actions in Wake of Katrina
Sep 15 2005 // Due to the evolving effects of Hurricane Katrina, A.M. Best Co. has been aggregating public and private information in order to assess the financial impact it will have on insurers. A.M. Best expects all rated companies...
S&P Puts 10 Insurers on “Katrina” CreditWatch/Negative
Sep 12 2005 // Standard & Poor’s Ratings Services announced that it has placed its ratings on 10 interactively rated insurance and reinsurance groups on CreditWatch with negative implications due to their possible...
Lloyd’s Notice on Katrina Policies
Sep 6 2005 // Lloyd’s has issued the following statement regarding policies and claims related to losses from Hurricane Katrina: “Lloyd’s policyholders affected by Hurricane Katrina with questions about their insurance...
Lloyd’s of London Finds its 21st Century Form
Sep 5 2005 // Lloyd’s is 317 years old and doing just fine thank you. London’s venerable insurance market traces its roots to the establishment of Edward Lloyd’s coffeehouse in 1688. It’s an icon of both...
Lloyd’s of London Finds its 21st Century Form
Sep 5 2005 // Lloyd’s is 317 years old and doing just fine thank you. London’s venerable insurance market traces its roots to the establishment of Edward Lloyd’s coffeehouse in 1688. It’s an icon of both...
News Briefs
Aug 22 2005 // ALABAMA Hurricane Sales Tax Measure Dies An effort was mounted during Alabama Legislature meetings to grant a sales tax break on necessary supplies to prepare for a hurricane but the measure did not pass. Its sponsor Rep....
A.M. Best Affirms ‘A’ Excellent Rating for Lloyd’s
Jul 27 2005 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of ‘a’ of Lloyd’s of London. At the same time, A.M. Best has affirmed the ‘a-‘ ICR of the...
