Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Back to the Basics
Jan 24 2005 // E&S Industry Returns to Familiar Ground Neither wind, nor rain nor the dark cloud of standard carriers returning to the marketplace will keep excess and surplus insurance writers from maintaining profitability. From...
From Boston Tea Party to Big Dig, Lloyd’s is Part of New England History
Jan 24 2005 // Dec. 16, 1773, was a sad day for Lloyd’s of London. On that day, angry colonists threw 340 crates into Boston harbor in the revolutionary Boston Tea Party. Turns out, Lloyd’s insured those crates of...
Insurance Industry Can’t Paper Over Its Faults, Lloyd’s Chairman Advises
Jan 24 2005 // There are a number of things about the insurance industry that drive Lord Levene crazy but nothing more than all the paper. “The paperwork is nuts,” the Lloyd’s of London chairman exclaims. He tells the...
Insurance Industry Can’t Paper Over Its Faults, Lloyd’s Chairman Advises
Jan 24 2005 // There are a number of things about the insurance industry that drive Lord Levene crazy but nothing more than all the paper. “The paperwork is nuts,” the Lloyd’s of London chairman exclaims. He tells the...
Lloyd’s Moving to MoMA Office Tower in N.Y. City
Jan 19 2005 // Lloyd’s of London is moving its New York City headquarters to The Museum of Modern Art’s new office tower. Designed by the internationally acclaimed architect, Yoshio Taniguchi, the boutique office tower has...
Lloyd’s Chairman Warns Insurers 2005 Will Be Critical For Rebuilding Industry’s Reputation
Jan 13 2005 // A record year of natural disaster losses and Eliot Spitzer’s investigations into payment practices highlighted the urgent need for the insurance industry to tackle its reputation and practices during 2005, Lord...
Lloyd’s Statement on Asian Tidal Waves
Dec 31 2004 // Lloyd’s has issued a bulletin expressing the London market’s solidarity with the victims of the Indian Ocean tidal waves, stating: “Our thoughts are with the people who have been affected by this tragedy....
Best Affirms Lloyd’s Syndicates 623 and 2623 Ratings; Beazley Group Ratings
Dec 17 2004 // A.M. Best Co. announced that it has affirmed its Syndicate Rating of “A “(Excellent) and the issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 623 and Lloyd’s Syndicate 2623, which...
Lloyd’s Announces $26.5 Billion Capacity for 2005
Dec 17 2004 // The Lloyd’s market announced that it expects to have the capacity to underwrite £13.7 billion ($26.5 billion) of business in 2005. The amount in pounds sterling represents a 9 percent overall decrease from last...
Best Affirms Lloyd’s Syndicate 958 ‘A’ Rating
Dec 17 2004 // A.M. Best Co. announced that it has affirmed its Syndicate Rating of “A” (Excellent) and the issuer credit rating of “a+” of Lloyd’s Syndicate 958, which is managed by Omega Underwriting...
Levene to Serve 2nd Term as Lloyd’s Chairman
Dec 8 2004 // Lloyd’s announced that Lord Peter Levene of Portsoken is to serve a second term as its Chairman. He became Lloyd’s 61st Chairman, for a minimum term of three years in November 2002, and has accepted an...
Best Affirms Lloyd’s Syndicate 570 ‘A’ Ratings
Dec 1 2004 // A.M. Best Co. announced that it has affirmed the Best’s Syndicate Rating of “A” (Excellent) and the issuer credit rating (ICR) of “a” of Lloyd’s Syndicate 570, which is managed by Atrium...
Best Affirms Lloyd’s Syndicate 609 ‘A’ Ratings
Dec 1 2004 // A.M. Best Co. announced that it has affirmed the Syndicate Rating of “A” (Excellent) and the issuer credit rating of “a+” of Lloyd’s Syndicate 609, which is managed by Atrium Underwriters...
Best Affirms Lloyd’s Syndicate 2001 ‘A’ Ratings
Nov 24 2004 // A.M. Best Co. announced that it has affirmed its “A” (Excellent) Syndicate Rating and the issuer credit rating of “a+” of Lloyd’s Syndicate 2001, which is managed by Amlin Underwriting Limited...
Best Affirms Ratings of Lloyd’s Syndicate 510
Nov 19 2004 // A.M. Best Co. announced that it has affirmed its Syndicate Rating of “A” (Excellent) and the issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 510, which is managed by the U.K.-based R J...
Best Withdraws Ratings on Tryg-Baltica, Lloyd’s Syndicate 1243
Nov 18 2004 // A.M. Best Co. announced that it has withdrawn ratings on Denmark’s Tryg-Baltica International Insurance Company A/S and Lloyd’s Syndicate 1243, as they have been placed into run off. Both companies, who are not...
Lloyd’s Sets Terms for $943 Million Debt Issue
Nov 11 2004 // Lloyd’s has set the terms for its subordinated debt issue, following a successful presentation to potential investors. “The transaction met with a very positive response from a wide range of quality...
Jail Time for Consultant Nabbed Selling Policies Under Lloyd’s Name
Oct 29 2004 // Robert Damon-Aspen has been jailed for two and a half years for deception conducted through his internet-based insurance intermediary business CFT Group Insurance Services. He reportedly used the Internet to take premiums...
London’s Muted Reaction to Spitzer Investigations
Oct 28 2004 // The London market in general and Lloyd’s in particular has not been overly verbose in commenting on New York State Attorney General Eliot Spitzer’s ongoing investigation of the insurance industry. Apart from a...
St. Paul Travelers Looks to Bring Top Line in Commercial Up as it Unveils Q3 Report
Oct 28 2004 // The St. Paul Travelers Cos. Inc. (NYSE:STA) has reported net income of $340 million for the third quarter ended Sept. 30, 2004, or $0.51 per basic share and $0.50 per diluted share, compared to $426 million, or $0.98 per...
