Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
First-Ever Independent U.S. Brokers Access Lloyd’s
Jul 24 2001 // Officials with Lloyd’s of London announced the names of the first-ever independent brokers in the U.S. to be accredited for direct access to the London-based insurance market. The historic selection of The Hanleigh...
A.M. Best Affirms Lloyd’s Rating
Jul 6 2001 // A.M. Best Co. affirmed the “A” (Excellent) rating of Lloyd’s and its financial size category of XV. The rating continues to carry a negative outlook. According to A.M. Best, the affirmation of the rating...
QBE To Realign Lloyd’s Syndicates, Increase Capacity
Jun 27 2001 // Australia’s QBE announced that it plans to rearrange its interests in several Lloyd’s syndicates managed by its wholly owned subsidiary Limit plc, and will increase their underwriting capacity. The syndicates...
Lloyd’s/IUA To Offer Mediation Clinics
Jun 26 2001 // Lloyd’s and London’s International Underwriting Association announced they would jointly sponsor “a series of alternative dispute resolution (ADR) clinics to be operated in conjunction with commercial...
Lloyd’s and Tripwire Inc. to Sponsor Insurance and Technology Forum
Jun 26 2001 // A forum designed to educate corporate risk officers, risk managers, CFOs and CIOs as to the risk exposures inherent in e-commerce and new technologies will be sponsored by Lloyd’s and Tripwire Inc. in New York City...
U.S. Now Largest Lloyd’s Market
Jun 19 2001 // The latest figures from Lloyd’s of London show that “for the first time in its 300-year history, the United States has become the British insurer’s largest single market.” Gross premiums from the...
AIG Announces Plans To Form Lloyd’s Syndicate
Jun 18 2001 // According to a report in London’s Financial Times, American International Group, plans to announce the formation of an underwriting syndicate at Lloyd’s with an initial capitalization of $100 million ($140...
Tightening Market Conditions Set Tone at AAMGA 75th Anniversary
Jun 18 2001 // At the 2001 AAMGA Annual Meeting, held May 20-24 in Indian Wells, Calif., at least one topic of discussion was as intense as the desert sun—all current indications clearly reflect a tightening of the market. There are...
Lloyd’s Syndicate Offers New Coverage for War, Political Violence
Jun 11 2001 // Managing Agency Partners (MAP) Underwriting, one of Lloyd’s newest syndicates, has come up with an innovative and timely policy aimed at protecting investors from losses caused by wars and political violence in...
Tightening Market Conditions Set Tone at AAMGA 75th Anniversary
Jun 11 2001 // At the 2001 AAMGA Annual Meeting, held May 20-24 in Indian Wells, Calif., at least one topic of discussion was as intense as the desert sun—all current indications clearly reflect a tightening of the market. There are...
TO BE OR NOT TO BE CAPTIVE
Jun 11 2001 // Despite recent reports, Lloyd’s hasn’t made any decision as to whether it will exit the captive market. The issue is under study as part of an overall review of Lloyd’s operations, due to be presented in...
The Changing Face of the London Insurance Market: Lloyd’s Admits ‘Foreign’ Brokers-Ins-sure Takes Ov
Jun 4 2001 // The London insurance market achieved two significant milestones recently with the admission to Lloyd’s membership of three non-U.K.-based brokers, and the launch of Ins-sure Services, Ltd., which will assume the...
Lloyd’s reviewing the Captive Market – No Decision on Withdrawal
May 29 2001 // Despite recent reports, Lloyd’s hasn’t made any decision as to whether it will exit the captive market. The issue is under study as part of an overall review of Lloyd’s operations, due to be presented in...
Lloyd’s Syndicate Offer New Coverage For War, Political Violence
May 29 2001 // MAP Underwriting, one of the newest syndicates at Lloyd’s, has come up with an innovative and timely policy, aimed at protecting investors from losses caused by war and political violence in troubled areas like the...
Lloyd’s Issues Warning on Travel Insurance
May 25 2001 // As the holiday season began, Lloyd’s issued a warning to the public concerning certain travel insurance policies sold by the Management Company (London) Limited. It urged people to “check the validity of any...
St. Paul To Reorganize Lloyd’s Operations
May 22 2001 // The St. Paul Companies announced “that its St. Paul at Lloyd’s operation will implement a major reorganisation of its underwriting and operational structure, including a plan to consolidate its existing 11...
Lloyd’s Admits ‘Foreign’ Brokers, Ins-sure Services Launched
May 21 2001 // The London insurance market achieved two significant milestones recently with the admission to Lloyd’s membership of three non-U.K.-based brokers, and the launch of Ins-sure Services Ltd., which will assume the...
Lloyd’s Change to Annual Accounting Results in $4.5 Billion Loss Estimate
May 13 2001 // Lloyd’s decision to begin reporting its syndicates profits and losses on an annual basis, rather than over three years, proved costly. Last year’s losses are estimated at £3.11 billion ($4.5 billion) overall,...
Benfield Greig-E.W. Blanch to Create Third Largest Global Re Broker
May 7 2001 // On April 16, London-based Benfield Greig Group plc and E.W. Blanch Holdings Inc. of Dallas announced an agreement on merger terms. Benfield offered to purchase the outstanding shares of EWB for $13.50 a share, valuing the...
Lloyd’s Posts 23% Gain in U.S. Premium Income
May 2 2001 // Led by a strong performance in its surplus lines business, Lloyd’s announced a 23 percent gain in U.S. premium income for the year 2000 to $5.9 billion from $4.8 billion in 1999. “This increase is a reflection...
