Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
LLOYD’S INVESTIGATES BOGUS UMBRELLA TRUCKING POLICIES:
Jul 5 2004 // Lloyd’s America has revealed exclusively to Insurance Journal that an investigation is currently underway for allegedly bogus umbrella trucking liability policies reportedly placed through the Oakland, Calif.-based...
LLOYD’S UNDERWRITERS SUE USAIG, MEMBERS:
Jul 5 2004 // A number of Lloyd’s of London underwriters filed a lawsuit June 15 against an aircraft insurance group and several of its members, alleging the group refused to assist in the defense of companies involved in a deadly...
Lloyd’s Investigates Bogus Umbrella Trucking Policies
Jun 23 2004 // Lloyd’s America has revealed exclusively to Insurance Journal that an investigation is currently underway for allegedly bogus umbrella trucking liability policies reportedly placed through the Oakland, Calif.-based...
Canada’s RSGC Acquires 49% Stake in London Broker
Jun 23 2004 // The Toronto-based RS Group of Companies, Inc. (RSGC), formerly Rent Shield Corp., a provider of pass-through risk specialty insurance and reinsurance products, announced that it has completed the purchase of 49 percent of...
Guy Carpenter Publishes Review of Lloyd’s Market
Jun 22 2004 // Guy Carpenter & Company Ltd., Marsh & McLennan’s global risk and reinsurance specialist, announced that it has released its annual, comprehensive review of the Lloyd’s Market – The Lloyd’s...
Former Broker Arrested in $4M Fraud Scam
Jun 21 2004 // Richard W. Peterson, 63, of San Francisco, a former insurance broker/agent, was arrested at Miami International Airport on federal fraud charges for allegedly selling approximately $4 million of fake insurance policies...
Lloyd’s “Chest Hair” Policy Makes News
Jun 17 2004 // Nearly every news service in the world has picked up on the story about Lloyd’s underwriter Jonathan Thomas, who created a policy covering the loss of an unnamed male model’s chest hair. Thomas, who underwrites...
Lloyd’s Reports Progress on Implementing LMP Slips
Jun 10 2004 // Lloyd’s has released its first report on slip quality since mandating the use of the LMP (London Market Principles) slip at the start of the year. The study analyzes overall market performance, using a balanced...
Lloyd’s Issues 2003 Annual Report
May 21 2004 // Lloyd’s has issued its 2003 Annual Report, giving details of the year’s results, and describing the London market’s general financial condition and future prospects. The introduction described 2003 as a...
Lloyd’s to Donate $300,000 to NAPSLO Education Fund
May 18 2004 // Lloyd’s announced that it will donate $300,000 to the Derek Hughes/NAPSLO Educational Foundation, Ltd. to encourage the educational development of students and professionals interested in the excess and surplus lines...
Lloyd’s Appoints Battmann Representative in Spain
May 13 2004 // As part of its ongoing efforts to strengthen its presence in the European insurance market, Lloyd’s announced that it has appointed David Battman as a full-time representative, as part of its strategy to expand in...
Lloyd’s Authorized to Conduct Business in 8 New EU Member Countries
May 10 2004 // Lloyd’s Chairman Lord Peter Levene announced that the U.K.’s Financial Services Authority (FSA) has given Lloyd’s authorization to write direct business in eight of the new European Union accession...
PECORARO PLEADS GUILTY:
May 3 2004 // Nofio Pecoraro Jr. ran a pub in England while on the lam from Louisiana’s 1990s insurance scandals. Now back in New Orleans, he has pleaded guilty to a federal charge of conspiring to commit mail fraud and...
Slave Trade Suit Targets Lloyd’s, U.S. Companies
May 3 2004 // International News • March 30 “These parties obviously want to bring a reparations test case. I think the courts will continue to resist cases in which principals are deceased. All of our descendants were abused by...
Slave Trade Suit Targets Lloyd’s, U.S. Companies
May 3 2004 // International News • March 30 “These parties obviously want to bring a reparations test case. I think the courts will continue to resist cases in which principals are deceased. All of our descendants were abused by...
XL’s London Market CEO to Leave Post
May 3 2004 // XL Capital Ltd. announced that Nicholas J. Metcalf, Chief Executive Officer of the Company’s Lloyd’s operation, XL London Market Ltd., has decided to leave the Company to pursue other business interests. Clive...
Slave Trade Suit Targets Lloyd’s, U.S. Companies
May 3 2004 // International News • March 30 “These parties obviously want to bring a reparations test case. I think the courts will continue to resist cases in which principals are deceased. All of our descendants were abused by...
Judge Tells WTC Jurors They Can Render Separate Decisions on Four Lloyd’s Insurers
Apr 27 2004 // In what reports have characterized as a minor victory for Silverstein Properties in the WTC insurance recovery case, Judge Michael Mukasey told the jury, which ended five days of deliberations yesterday, that they could...
Pecoraro Pleads Guilty to Fraud Conspiracy
Apr 26 2004 // A man who ran a pub in England while on the lam from Louisiana’s 1990s insurance scandals pleaded guilty to a federal charge and faces up to five years in prison, the Associated Press reported. Nofio Pecoraro Jr.,...
Bay Area Man Arrested on East Coast in $4 Million Insurance Fraud Scam
Apr 23 2004 // Richard W. Peterson, 63, of San Francisco, a former insurance broker/agent, was arrested April 19th at Miami International Airport on federal fraud charges for allegedly selling approximately $4 million of fake insurance...
