Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
U.K. Budget Boosts Lloyd’s Names
Mar 18 2004 // Chancellor Gordon Brown’s 2004 U.K. budget proposals will help schools with extra cash and retired persons with tax breaks, but not civil servants, as the budget plans on cutting some 40,000 jobs. While the U.K. will...
Moody’s Downgrades Lloyd’s Syndicate 1007; Revises Syndicate 2147 Outlook to Stable
Mar 15 2004 // Moody’s Investors Service announced that it has downgraded the A1 Insurance Financial Strength Rating (IFSR) of Lloyd’s syndicate 1007, SVB Syndicates Limited, to A2 and assigned a stable outlook. It also...
Moody’s Issues Upbeat Report on Lloyd’s
Mar 12 2004 // Moody’s Investors Service’s latest forecasts for the Lloyd’s of London insurance market indicate that Lloyd’s could record profits totaling around £6 billion ($10.8 billion) for the 2002 to 2004...
Philip Lader to Join Council of Lloyd’s
Mar 10 2004 // Lloyd’s announced that Philip Lader, former U.S. Ambassador to the United Kingdom, is to join the Council at Lloyd’s, the ultimate governing body of the market. Lader served as U.S. Ambassador to the U.K. from...
Lloyd’s Honors Two U.S. Brokers
Mar 10 2004 // Lloyd’s announced that two U.S.-based brokers have been honored for their outstanding achievements in 2003. Gary Cooney of McGriff, Seibels & Williams was named US Surplus Lines Broker of the Year and John...
Kinnect Processes First ‘Open Market’ Risk
Feb 11 2004 // Lloyd’s announced that its Kinnect data transmission platform has just handled its first “open market” risk placement – a “complex open market risk” placed by Willis with Amlin last...
“2004 Will Be the Real Test” Lord Levene Tells Insurers
Feb 4 2004 // Lloyd’s Chairman Lord Peter Levene does not mince words. So, while he reflected on 2003 as a relatively benign, and for Lloyd’s a very profitable, year, his audience at a meeting of the City Forum in London sat...
British MEP Wants EU Court to Examine Lloyd’s case
Feb 2 2004 // Roy Perry, a British Conservative member of the European Parliament, has called for an investigation by the European Court of Justice, the EU’s highest court, of the accusations against Lloyd’s and the U.K....
Andrew Moss to Leave Lloyd’s for Aviva
Jan 30 2004 // Aviva Plc appears to have successfully headhunted Andrew Moss, currently the top financial officer at Lloyd’s. The U.K.’s largest insurer announced yesterday that Moss, 45, is expected to join Aviva as its new...
Lloyd’s Partners with London Police
Jan 29 2004 // “East London Bobbies will be experiencing the world of brief cases and pin-striped suits as part of a new mentoring scheme,” said a bulletin from Lloyd’s. Senior police officers from Tower Hamlets will...
Halliburton, Equitas Settle Asbestos Claims
Jan 29 2004 // Lloyd’s run-off vehicle, Equitas and Halliburton Company announced that they have reached a comprehensive agreement to settle Halliburton’s insurance claims against certain Underwriters at Lloyd’s for...
Lloyd’s Expands Licensing Agreement with ISO for Underwriting and Claims Products
Jan 29 2004 // Lloyd’s has renewed its licensing agreement with Insurance Services Office, Inc. (ISO), which reportedly significantly expands the range of underwriting and claims products and services it can use in the U.S....
Best Withdraws Danish Re Lloyd’s Syndicate Ratings
Jan 27 2004 // A.M. Best Co. announced that it has withdrawn the Best’s Syndicate Rating of “A-” (Excellent) of Lloyd’s Syndicate 1400, which is managed by Danish Re Syndicates Ltd., and assigned it an NR-4...
Terms of Credit History Use Still Being Negotiated
Jan 26 2004 // The Texas Department of Insurance held a public hearing Jan. 7, 2004 to consider a proposal that would cap the amount by which insurance companies could increase or decrease rates in personal lines insurance because of an...
Texas P/C and Lloyd’s Premium – 2002
Jan 26 2004 // The Texas Department of Insurance submitted its 128th Annual Report to the Texas Governor and Legislature in November 2003. The information provided in the tables below are taken from that report. The first shows premium...
Lloyd’s Syndicate 2001 Assigned
Jan 26 2004 // A.M. Best Co. assigned a Best’s Syndicate Rating of “A” (excellent) to Lloyd’s Syndicate 2001, which is managed by Amlin Underwriting Ltd. The outlook is stable. The rating reflects the...
CII Seeks to Improve London Market Competence
Jan 23 2004 // The U.K.’s Chartered Insurance Institute (CII) has signaled its determination to assist the London Market in its efforts to improve standards, by adding a bank of sector specific questions to its insurance ASSESS...
Lloyd’s Announces Council Election Results
Jan 21 2004 // Lloyd’s announced the election of five members to its governing council, the body that has ultimate responsibility for directing and controlling the Lloyd’s market. All the appointments are for a term of three...
Toby Davies New Head of Lloyd’s Kinnect
Jan 20 2004 // Lloyd’s announced that Ashok Gupta, the current CEO of Kinnect, Lloyd’s IT interface solution to transfer data from systems used by brokers to those used by underwriters, is to leave the Lloyd’s...
Steven Burns to Join Lloyd’s Franchise Board
Jan 16 2004 // Lloyd’s announced the appointment of Steven Burns, currently Chief Executive Officer of the Limit Group, as a non-executive member to its Franchise Board. He replaces Andrew Kendrick, who has moved to an overseas...
