Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Hard Market Conditions Can Reward Good Risk Management Says Lloyd’s Chairman
Sep 30 2002 // Lloyd’s Chairman Sax Riley told an audience of 600 insurance professionals in Milan, Italy that the way in which business organizations manage the risks they face is becoming an increasingly important factor in the...
Corporate Members Approve a Major Course Change for Lloyd’s
Sep 30 2002 // Friday the 13th of September will henceforth be known at Lloyd’s as the day that members approved a plan that will radically alter the way the London market is conducted. Ignoring any bad luck associated with the...
Standard & Poor’s Launches New Lloyd’s Syndicate Analysis
Sep 27 2002 // Standard & Poor’s announced the launch of its Lloyd’s Syndicate Assessments (LSAs), “a new tool for analyzing the syndicates operating in the Lloyd’s of London Insurance Market.” S&P...
More Lloyd’s Investment, BRIT to Raise £204 Million in Rights Offering
Sep 24 2002 // BRIT Insurance Holdings PLC, a leading participant in the Lloyd’s market, announced plans to raise around £204million ($316 million) through a rights offering. The company plans on using the funds to increase its...
Trenwick in Deal with Berkshire Hathaway to Increase Syndicate Capacity
Sep 20 2002 // Trenwick Group Ltd. announced that it has entered into an agreement with Berkshire Hathaway to increase the total premium capacity of Trenwick Managing Agents’ Syndicate 839 at Lloyd’s for the 2002 year of...
Lloyd’s Members Vote in Favor of Reform Proposals
Sep 14 2002 // Lloyd’s announced on Friday that 79.88 percent of those eligible to vote at an Extraordinary General Meeting on Thursday had backed the reform proposals prepared and endorsed by Lloyd’s management. The vote...
Lloyd’s Members Prepare for Crucial Vote
Sep 9 2002 // As the 16,000 plus members of Lloyd’s began preparing to cast their votes for or against the reform proposals at a special meeting on Thursday, Sept. 12 (See IJ Website Aug. 30, Sept.3) Chairman Sax Riley made what...
Sept. 11 Revisited: The Future of the Industry
Sep 2 2002 // When the nation awoke on the morning of Tuesday, Sept. 11, little did it know that the events over the next few hours would change its lives forever. Not only were there thousands of lives lost and injured, but many more...
A Year Later, Industry Takes Stock of Itself
Sep 2 2002 // When the nation awoke on the morning of Tuesday, Sept. 11, little did it know that the events over the next few hours would change its lives forever. Not only were there thousands of lives lost and injured, but many more...
Lloyd’s Chairman, Deputy Comment on Reforms Consultation
Aug 30 2002 // Lloyd’s issued a bulletin yesterday commenting on the responses to its far-reaching reform proposals, indicating that their final form, which is scheduled to be voted on Sept. 12, will better reflect the consensus of...
A.M. Best Affirms Lloyd’s ‘A-‘ (Excellent) Ratings
Aug 28 2002 // A.M. Best announced that it has affirmed the financial strength rating of A- (Excellent) of the Lloyd’s market with a stable outlook. “The affirmation reflects Lloyd’s excellent business profile,...
Lloyd’s Hardy Underwriting to Boost Capacity for 2003
Aug 7 2002 // A.M. Best reported that one of Lloyd’s managing agencys, Hardy Underwriting Group plc, has been approved to increase the underwriting capacity of its syndicate 382 to 100 million pounds ($1 = 0.64 pounds) for the...
Lloyd’s Syndicate Rated ‘A’
Aug 5 2002 // A.M. Best has given Lloyd’s syndicates 1003 and 2003—known as syndicate 1003/2003 (the syndicate)—a syndicate rating of “A.” The ratings of syndicate 1003/2003 are based on excellent operating...
LLOYD’S UNVEILS AGENDA FOR REFORM
Aug 5 2002 // Lloyd’s of London has published proposals for reform that will transform it into a modern, transparent and profitable marketplace. In a 56-page consultation document, which goes out to some 16,000 businesses and...
LLOYD’S UNVEILS AGENDA FOR REFORM
Aug 5 2002 // Lloyd’s of London has published proposals for reform that will transform it into a modern, transparent and profitable marketplace. In a 56-page consultation document, which goes out to some 16,000 businesses and...
Lloyd’s Syndicate Rated ‘A’
Aug 5 2002 // A.M. Best has given Lloyd’s syndicates 1003 and 2003—known as syndicate 1003/2003 (the syndicate)—a syndicate rating of “A.” The ratings of syndicate 1003/2003 are based on excellent operating...
Lloyd’s Syndicate Rated ‘A’
Aug 5 2002 // A.M. Best has given Lloyd’s syndicates 1003 and 2003—known as syndicate 1003/2003 (the syndicate)—a syndicate rating of “A.” The ratings of syndicate 1003/2003 are based on excellent operating...
Capital Push Triggers Mid-Year Growth for Lloyd’s
Aug 1 2002 // Demand to put new capital into Lloyd’s of London is triggering one of the London- based insurance market’s most significant periods of mid-year growth. Speaking in Canada last weekend, Lloyd’s Director of...
No Fraud Found in Lloyd’s Recruitment of Investors
Jul 31 2002 // A London appeals court reportedly dismissed allegations of fraud against Lloyd’s insurance market, which had been charged by dissatisfied members, or Names, with deceiving them into investing in Lloyd’s...
Reform Plan in the Works for Lloyd’s
Jul 17 2002 // The world’s oldest underwriter, Lloyd’s of London, announced its intention to unveil final details of a plan to modernize the world’s oldest insurance market. According to Reuters, however, those plans...
