Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
AXA & Chaucer Form Strategic Partnership to Provide African Specialty Insurance
Apr 19 2016 // AXA is targeting the rapidly expanding market for African specialty insurance by partnering with Chaucer, a Lloyd’s specialty insurance group. The new venture, called “AXA Africa Specialty Risks,” will be...
Hearn of CGSC to Become CEO of Lloyd’s Broker CGNMB After Newman Retires
Apr 18 2016 // CGNMB LLP, the London-based Lloyd’s broker, announced that Gordon Newman will retire from his role as CEO on April 20. Subject to regulatory approvals, his role and responsibilities will be assumed by Steve Hearn,...
Oregon Considers Renewal of Lloyd’s Wildfire Insurance Policy
Apr 18 2016 // Oregon is considering another year of insurance coverage to help pay for catastrophic wildfire seasons. British insurance giant Lloyd’s is offering the state another year of coverage despite three consecutive years...
Hamilton Underwriting at Lloyd’s Names Prince as Head of Professional Indemnity
Apr 13 2016 // Hamilton Underwriting Ltd., the managing agency of Lloyd’s Syndicate 3334 and the Lloyd’s operations of Bermuda-based Hamilton Insurance Group, announced that Daniel Prince has been hired as head of...
Low Interest Rates, Soft Market Pricing Hit London Market Insurers: Fitch
Apr 12 2016 // The negative impact of low interest rates and soft market pricing on London market insurers has been partially offset by low levels of large claims, according to Fitch Ratings in a special report. London market insurers...
Skuld Lloyd’s Syndicate 1897 Appoints 2 Marine Hull Underwriters
Apr 12 2016 // Skuld, the Oslo, Norway-based marine insurance provider, announced the recruitment of Paul Fry and Sarah Wilson to Skuld’s Lloyd’s Syndicate 1897, the specialist marine and energy syndicate. Fry joins as deputy...
Oregon Considers Renewal of Lloyd’s Wildfire Insurance Policy
Apr 8 2016 // Oregon is considering another year of insurance coverage to help pay for catastrophic wildfire seasons. British insurance giant Lloyd’s is offering the state another year of coverage despite three consecutive years...
Lloyd’s America Chief Says E&S Sector ‘Best Kept Secret’
Apr 7 2016 // If insurance is the best kept secret in the business world, then the E&S sector is the best kept secret in the insurance industry. That’s according to Hank Watkins, president of Lloyd’s America, who talked...
Antares Lloyd’s Syndicate Partners with Iron-Starr, Ironshore’s Bermuda MGA
Apr 7 2016 // Ironshore Inc. announced that Antares Syndicate 1274 at Lloyd’s will join as a subscribing insurer for Bermuda-based Iron-Starr Excess Agency Ltd. Iron-Starr is a managing general agency (MGA), which underwrites...
Talbot & Markel Offer D&O Facility in MEA Region with Per-Risk Capacity of $30M
Apr 6 2016 // Talbot Underwriting Ltd., a wholly owned subsidiary of Validus Holdings Ltd., has joined forces with specialist insurer Markel International to provide a facility for directors and officers risks in the Middle East and...
‘Brexit’ Would Hurt or Severely Damage Lloyd’s of London: Survey
Apr 4 2016 // A survey of London market insurers, brokers, and service providers revealed that 70 percent believe a U.K. exit from the European Union would hurt or severely damage Lloyd’s of London, according to Haggie Partners, a...
Lloyd’s Seeks to Open Reinsurance Branch in Mumbai, India
Apr 1 2016 // Lloyd’s announced it intends to file an application to open a reinsurance branch in Mumbai, following the publication of regulations governing the Lloyd’s market earlier this week by the Insurance Regulatory...
Take1 in California Now a Lloyd’s Cover Holder
Mar 29 2016 // Take1 Insurance announced that it is now a cover holder with Lloyd’s of London to provide excess liability coverage capacity of up to an additional $5 million in limits. Minimum rates start at $750 per each million...
Lloyd’s Insurers Lead New Trend to Sell Legacy Portfolios: Willis Towers Watson
Mar 25 2016 // The majority of Lloyd’s businesses (77 percent) are considering legacy portfolio disposals, with more than half of firms based in western Europe (53 percent) expecting to make at least one sale in the next three...
Update: Lloyd’s Underwriter Marketform Sells UK Med Mal Businesses to Beazley
Mar 24 2016 // Specialist Lloyd’s underwriter Marketform announced it has sold its UK Open Market Medical Malpractice and UK / International Delegated Authority Insurance businesses to Beazley. The team being transferred is led by...
Brit Leads New Commercial General Aviation Consortium at Lloyd’s
Mar 23 2016 // Brit Ltd., the global specialty insurer, has launched a Lloyd’s consortium for commercial general aviation. Now quoting business, the consortium is being led by Brit with capacity also being provided by Kiln, Hiscox,...
Lloyd’s Profit Drops 30% in 2015 on Weak Prices and Lower Investment Income
Mar 23 2016 // Lloyd’s of London reported a 30 percent drop of full-year profit as the world’s largest insurance market was hurt by continued pressure on pricing and the lowest investment returns since at least 2001. Earnings...
HOT Markets: Drones, Cyber and More
Mar 21 2016 // Looking for new sales and opportunities in 2016? Here are a few of the top market sectors that just might deliver hot opportunities for agents and brokers in the property/casualty insurance industry this year. Sky’s...
Lloyd’s Appoints Garigiparthy as Country Manager for India
Mar 18 2016 // Lloyd’s announced the appointment of Shankar Garigiparthy as country manager for India. In this new role Garigiparthy will be responsible for market development, representing Lloyd’s in discussions with...
Integro Acquires London-Based Broker, Croton Stokes Wilson Holden
Mar 17 2016 // International insurance broker and risk management firm Integro Ltd. announced the acquisition of London-based Lloyd’s broker Croton Stokes Wilson Holden Ltd. Financial considerations of the transaction have not been...
