Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Lloyd’s Posts First-Half Profits of $2.72 Billion
Sep 25 2014 // Lloyd’s reported a profit of £1.67 billion {$2.7218 billion] for the first six months of 2014, marking a 21 percent increase on the corresponding period last year. The announcement said that “while these...
Insuring Products of the Mind
Sep 22 2014 // The rapid growth in patent infringement litigation in 2013 – almost 6,500 cases, or an increase of 25 percent over 2012, according to PricewaterhouseCoopers – might appear to be a strong motivator for at-risk...
‘Minimal’ Insurance Effect If Scotland Exits U.K., Says Lloyd’s of London Chair
Sep 15 2014 // Lloyd’s of London Chairman John Nelson said several years of uncertainty will follow if Scotland leaves the U.K. “The immediate effect would be a period of perhaps two years of uncertainty,” said Nelson,...
UK to Issue First Renminbi Bond; Lloyd’s of London Gets OK for Beijing Branch
Sep 15 2014 // Britain will become first Western government to issue an offshore bond in China’s renminbi currency, finance minister George Osborne said on Friday, deepening efforts to build financial links with the world’s...
Coverholders Playing Greater Role in Lloyd’s Global Expansion
Sep 8 2014 // Lloyd’s of London began and remains a specialized market (not an insurance company). It accepts risks that are too large, or too complex, or both, that do not lend themselves to coverage through more “normal...
Wildfire Spending In Oregon Triggers Lloyd’s Insurance Policy
Sep 5 2014 // Oregon’s tough wildfire season has pushed spending to the point the state Department of Forest is tapping its special insurance policy for the second year in a row. The Bulletin reported that state wildfire costs...
Argo Group Hires Ribeiro as Head of International Businesses
Sep 2 2014 // The Bermuda-based Argo Group International Holdings announced that Jose Ribeiro has been hired to the newly created position of head of international, effective immediately. He will be based in the company’s London...
Lloyd’s Warns Sea Level Rise, Land Subsidence Imperil Many ‘Megacities’
Aug 13 2014 // A bulletin from Lloyd’s of London warns that, “as sea levels rise, ground levels in coastal megacities are also falling – with potentially disastrous implications for insurers. Insurers of large property...
Best Affirms Catlin Group’s Ratings; Outlook Stable
Aug 8 2014 // A.M. Best has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of Catlin Insurance Company Limited (CICL) (Bermuda), Catlin Insurance...
Aon Benfield Analytics Releases Report on Lloyd’s
Jul 29 2014 // Aon Benfield Analytics’ Market Analysis team has launched its latest Lloyd’s Update report, covering the market’s business position in 2014, strategy over the next three years and financial results in...
Best Affirms Lloyd’s, Lloyd’s (China) Ratings; Outlook Positive
Jul 28 2014 // A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of Lloyd’s and Lloyd’s Insurance Company (China) Limited (LICCL)...
CGS&C’s New MGA Targets U.S. Healthcare Industry with Lloyd’s
Jul 22 2014 // Wholesale insurance broker Cooper Gay Swett & Crawford (CGSC) has launched an underwriting management agency specializing in the healthcare industry. The new venture, Pro-Praxis Insurance, will be led by Robert Allen...
Lloyd’s Underwriters Find Success with U.S. Subsidiaries: SNL
Jul 21 2014 // Insurers Hiscox Ltd., Beazley Plc and Catlin Group Ltd. are reaping the benefits of the U.S. market, according to a report from SNL Financial. SNL data shows how the three companies with significant participation in the...
Lloyd’s Comments on its World Cup Predictions; Saw Germany as Winner
Jul 15 2014 // A bulletin on the Lloyd’s website asks “how did our insurable value measures fare as predictors of success on the pitch,” following the conclusion of the World Cup in Brazil? Lloyd’s said its...
Chicken Producer, London Insurers Battle Over ‘Recall’ Definition
Jul 9 2014 // Foster Farms and its London insurers are facing off over the definition of “product recall” as the poultry producer seeks payment of $14.2 million in claims arising from a government-mandated shutdown of one of...
Hiscox London Market Names Zelenoy to Build Lloyd’s Business in Brazil
Jul 8 2014 // Hiscox London Market announced plans to build its “on-the-ground presence in Brazil” with the appointment of Simon Zelenoy to develop its London Market business in Brazil. Hiscox said he “will be...
Lloyd’s Underwriters Find Success with U.S. Subsidiaries: SNL
Jul 7 2014 // Insurers Hiscox Ltd., Beazley Plc and Catlin Group Ltd. are reaping the benefits of the U.S. market, according to a report from SNL Financial. SNL data shows how the three companies with significant participation in the...
NYRR Received $15M for Cancelled Marathon: Report
Jul 7 2014 // The New York Road Runners (NYRR), a nonprofit group that organizes the annual New York City Marathon, received $15 million in an insurance payout from its insurers, Lloyd’s of London and its syndicates, for the...
Report: NYRR Received $15M for Cancelled NYC Marathon in 2012
Jun 24 2014 // The New York Road Runners (NYRR), a nonprofit group that organizes the annual New York City Marathon, received $15 million in insurance proceeds from Lloyd’s of London for the cancelled New York City marathon in...
Ratings Recap: AEGIS, Lloyd’s Syndicate 1225, PaCRe
Jun 19 2014 // A.M. Best has upgraded the financial strength rating to ‘A’ (Excellent) from ‘A-‘ (Excellent) and the issuer credit rating to “a” from “a-” of Bermuda-based Associated...
