Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Marsh Places 10,000-Plus Risks During 2018 via London’s Placing Platform (PPL)
Jan 14 2019 // Marsh announced it placed more than 10,000 risks in 2018 through Placing Platform Ltd. (PPL), the electronic insurance placement platform used by Lloyd’s, London market insurers, and brokers. Marsh has now bound more...
Suit Says Lloyd’s “Steered” Hawaii Homeowners, Many Were Left with Lava Exclusions
Jan 11 2019 // A federal class action lawsuit alleges that Lloyd’s of London and its affiliated insurance brokers “steered” Hawaiian homeowners throughout the state away from comprehensive home insurance coverage...
Lloyd’s Underwriters Agree to Settle Charges Related to NRA-Branded Insurance
Dec 21 2018 // In a December 20 consent order, 10 Lloyd’s of London underwriters have entered into an agreement to pay $5 million to the New York State Department of Financial Services (DFS) for underwriting fire arms liability...
Rottiers Appointed as CEO of Lloyd’s Brussels
Dec 20 2018 // Sonja Rottiers has been appointed as the chief executive officer of Lloyd’s Brussels. She will also be Lloyd’s regional director for Europe, Middle East and Africa, and will take up her position in...
Lloyd’s Chief Operating Officer Khoury-Haq to Leave the Corporation
Nov 21 2018 // Lloyd’s of London announced that its chief operating officer, Shirine Khoury-Haq, has decided to leave the corporation, after nearly five years. Khoury-Haq joined Lloyd’s in 2014 and is a member of...
London’s Electronic Placements Exceed Targets; Beazley Syndicate 3623 Ranks #1
Nov 20 2018 // The London market’s electronic placing platform, PPL Ltd., exceeded targets during the third quarter as more and more syndicates and companies accepted risks via the platform. Beazley Syndicate 3623 topped the league...
Lloyd’s Officially Opens Its EU Headquarters, Lloyd’s Brussels
Nov 13 2018 // Lloyd’s, the insurance and reinsurance market, officially opened Lloyd’s Brussels, its post-Brexit headquarters in the European Union. Lloyd’s Brussels is Lloyd’s first Europe-wide operation and...
Lloyd’s Appoints Maidment from Beazley as Board Member
Nov 8 2018 // Lloyd’s has appointed Neil Maidment from Beazley Plc as an independent non-executive of the board with effect from February 2019. The new appointment, for an initial term of three years, will be effective once...
AFL Insurance Brokers Finds Good Strategic, Cultural Fit with U.S. MGA Zodiac
Oct 29 2018 // AFL Insurance Brokers, the London-based Lloyd’s broker, was looking for an MGA platform in the United States and found the perfect partner last month when it purchased Zodiac Insurance Services, which specializes in...
Chubb CEO Says Lloyd’s Hasn’t Adapted to Changed World
Oct 26 2018 // Chubb President and CEO Evan Greenberg offered positive words about new Lloyd’s of London CEO John Neal, though he cautioned that the venerable insurance marketplace has a long way to go to address “long-term...
Lloyd’s New CEO Neal Takes the Helm
Oct 15 2018 // Lloyd’s, the specialist insurance and reinsurance market, today welcomes John Neal as its new chief executive officer. Neal brings more than 30 years’ experience in the insurance industry, most recently as...
Insurtech Jumpstart Rolls out Parametric Earthquake Product for Californians
Oct 15 2018 // A firm that wants to make a name for itself as the first parametric insurtech in the U.S. for earthquakes has officially launched in California, over a year after its anticipated original launch date. Jumpstart Insurance...
Cincinnati Financial to Acquire London Specialty Underwriter from Munich Re
Oct 12 2018 // In a bid to diversify its earnings and expand its markets beyond the U.S., Cincinnati Financial Corp. has agreed to acquire MSP Underwriting Limited, a London-based global specialty underwriter and subsidiary of Munich...
London Market Insurers’ Profits Remain Under Pressure with Excess Capacity: Fitch
Oct 11 2018 // The profitability of London market and Lloyd’s insurers is expected to remain under pressure in 2018, despite the fact that rates improved slightly following the catastrophe losses in the second quarter of 2017,...
Lloyd’s Market Association Taps Ascot’s CEO Brooks as Chairman, Replacing Maidment
Oct 10 2018 // Andrew Brooks, chief executive officer of Ascot Underwriting Ltd., has been appointed the next chairman of the Lloyd’s Market Association (LMA), with effect from Jan. 1, 2019. Brooks, who has served on the LMA board...
In Event of Hard Brexit, Lloyd’s Commits to Pay All Valid Claims
Oct 10 2018 // Lloyd’s said it is working on transferring all European Economic Area (EEA) business to its EU headquarters, Lloyd’s Brussels, before the end of 2020 via a Part VII transfer. (Part VII transfers, in part,...
Canada MGA Totten Insurance Buys Lloyd’s Coverholder Anderson McTague
Oct 3 2018 // Totten Insurance Group Inc., a Toronto-based managing general agency, announced it has acquired Anderson McTague & Associates Ltd. Terms of the transaction were not disclosed. Headquartered in Saint John, New...
Lloyd’s U.S. Chief Says They’re Ready to Get into Canadian Cannabis Market
Oct 2 2018 // Lloyd’s is set to get into Canada’s cannabis market when recreational marijuana becomes legal there on Oct. 17, according to Hank Watkins, president of Lloyd’s America Inc. Watkins was speaking today at...
Insurtech Jumpstart Rolls out Parametric Earthquake Product for Californians
Oct 2 2018 // A firm that wants to make a name for itself as the first parametric insurtech in the U.S. for earthquakes has officially launched in California, over a year after its anticipated original launch date. Jumpstart Insurance...
Lloyd’s Returns to Pre-Tax Profits, Reporting £600M ($793.1M) During 1st Half
Sep 21 2018 // Lloyd’s reported a return to profits during the first half, in a welcome recovery after its big losses of 2017. Pre-tax profits during the half were £600 million ($793.1 million), compared to £1.2 billion ($1.6...
