Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Japan’s Sompo Holdings to Sell Sompo Canopius for $952M to Centerbridge
Sep 1 2017 // Japan’s Sompo Holdings Inc. announced it has agreed to sell Lloyd’s re/insurer Sompo Canopius AG to a private equity consortium led by Centerbridge Partners for $952 million. On completion of the purchase,...
Lloyd’s Insurers’ Stocks Fall on Possible Claims from Hurricane Harvey
Aug 29 2017 // Lloyd’s of London insurers dropped amid speculation that they will suffer losses from Tropical Storm Harvey that’s battering Houston, the epicenter of the U.S. oil industry. The storm, which which made landfall...
AXIS Sweetens Offer for Lloyd’s Specialty Carrier Novae to $611.5M
Aug 25 2017 // AXIS Capital Holdings Ltd. has substantially sweetened its offer for Novae Group plc, a Lloyd’s of London specialty insurer and reinsurer. AXIS, a Bermuda-based specialty insurer and reinsurer, said it will now pay...
Industry Relevance and Expertise ‘Ours to Lose:’ Catlin
Aug 15 2017 // First of Two Articles After 44 years in the insurance business, Stephen Catlin is retiring at the end of 2017. While he’ll be retiring from his role as executive deputy chairman of XL Group, he emphasizes that he...
Texas Insurance Industry to Welcome Lloyd’s Chairman at Lloyd’s Day Events
Aug 14 2017 // Specialist insurance market Lloyd’s of London will host Lloyd’s Day Texas to welcome Chairman Bruce Carnegie-Brown to the United States. The event will be held in Dallas on Oct. 4, 2017, and in Houston on Oct....
Dale Underwriting Gets Lloyd’s Approval to Set Up Special Purpose Arrangement
Jul 31 2017 // Dale Underwriting Partners, managed by Lloyd’s third party managing agency Asta, announced it has been granted “in principle” approval by the Lloyd’s Franchise Board to establish a special purpose...
Ironshore’s Pembroke Agency Launches Project Cargo Consortium for Lloyd’s China Platform
Jul 27 2017 // Ironshore’s Pembroke Managing Agency Ltd. has launched a Project Cargo Consortium to serve the Lloyd’s China platform, offering capacity limits of up to US$178 million. Pembroke Lloyd’s Syndicate 4000...
Markel Names HDFC Ergo’s Mathur to Lead Entry into India with Lloyd’s Platform
Jul 24 2017 // Specialist insurer Markel International has appointed Deepika Mathur to lead its entry into the Indian market. Capacity will be provided by Markel’s Syndicate 3000 at Lloyd’s and business will be written...
Major Cyber Attack Could Cost Global Economy $53 Billion: Lloyd’s
Jul 24 2017 // A major, global cyber attack could trigger an average of $53 billion of economic losses, a figure on par with a catastrophic natural disaster such as U.S. Superstorm Sandy in 2012, Lloyd’s of London said in a...
Hannover Re Completes Purchase of Lloyd’s Business Argenta
Jul 21 2017 // Hannover Re has completed the acquisition of the UK holding company Argenta Holdings Ltd., which owns the companies Argenta Syndicate Management and Argenta Private Capital, as well as a pro rata share of the Lloyd’s...
Major Cyber Attack Could Cost Global Economy $53 Billion: Lloyd’s
Jul 17 2017 // A major, global cyber attack could trigger an average of $53 billion of economic losses, a figure on par with a catastrophic natural disaster such as U.S. Superstorm Sandy in 2012, Lloyd’s of London said in a report...
AXIS Capital to Launch Lloyd’s Managing Agency
Jul 14 2017 // Bermuda-based AXIS Capital Holdings Ltd. announced it will launch a Lloyd’s managing agent after receiving authorization from Lloyd’s, the UK Prudential Regulation Authority (PRA) and the Financial Conduct...
Tokio Millennium Re Names Ex-Lloyd’s Exec, Secrett, as Chief Underwriting Officer
Jul 14 2017 // Zurich-based Tokio Millennium Re AG (TMR) has appointed Brian Secrett as chief underwriting officer (CUO) and member of the executive committee, with effect from Oct. 1, 2017 and subject to regulatory approvals. As the new...
AXIS Capital to Acquire Lloyd’s Specialty Re/Insurer Novae for $604 Million
Jul 6 2017 // AXIS Capital Holdings Ltd. announced it is acquiring Novae Group plc, a specialty re/insurer that operates through Lloyd’s of London. “The US$604 million transaction adds scale and breadth to the international...
Lloyd’s Names Childs, Hiscox’s Non-Exec Chairman, as Deputy Chairman
Jul 5 2017 // Lloyd’s announced that Robert Childs, non-executive chairman of Hiscox, has been appointed deputy chairman of Lloyd’s. He takes up the position immediately. Childs takes over from Paul Jardine, who retired from...
Businesses Underestimate Long-Term Effects of Cyber Attacks: Lloyd’s Report
Jun 28 2017 // Businesses could face a much higher bill than they expect or are prepared for after falling victim to a cyber-attack, according to research from Lloyd’s in association with KPMG and legal firm DAC Beachcroft. As...
CNA Hardy Names Neon’s Marriott as Head of Cargo, Lloyd’s
Jun 27 2017 // CNA Hardy, a specialist commercial insurance provider for clients within the Lloyd’s and company markets, announced the appointment of Alistair Marriott as head of Cargo for its Lloyd’s platform. Reporting to...
Lloyd’s to Cut 10% of UK Employees on Soft Market Pricing Pressures
Jun 26 2017 // Lloyd’s of London is planning to cut 10 percent of its staff in the UK as the world’s oldest insurance market looks to streamline operations and reduce costs amid continued pricing pressure on its...
Existing EU Contracts Must Be ‘Grandfathered’ After Brexit to Avoid Complexity: Lloyd’s CEO Beale
Jun 26 2017 // Existing European Union insurance policies should stay in place after Britain leaves the bloc because the process of dividing them into British and EU contracts would be too complex, Lloyd’s of London Chief Executive...
Randall & Quilter to Sell Lloyd’s Agency to Medical Liability Insurer Coverys
Jun 23 2017 // Randall & Quilter Investment Holdings Ltd. announced it has reached agreement to sell the entire share capital of its Lloyd’s managing agency, R&Q Managing Agency Ltd. (RQMA), to Coverys, a provider of...
