Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Cooper Gay Help Launch New Lloyd’s Coverholder Business in The Bahamas
Jul 23 2013 // Cooper Gay & Co Ltd, part of the Cooper Gay Swett and Crawford (CGSC) Group, has participated in the establishment of the first Lloyd’s of London coverholder plaque in the Bahamas, as the broker joined an event...
Best Revises Lloyd’s, China Sub, Society, Syndicates Ratings to Positive
Jul 22 2013 // A.M. Best Europe – Rating Services Limited has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of...
People – Southeast
Jul 22 2013 // Following a six-year tenure as Citizens Property Insurance Corp.’s chief financial officer, Sharon Binnun has accepted a position in the private sector. Binnun is joining Cypress Property & Casualty Insurance...
Swiss Re, Lloyd’s Among Insurers Probed on Iran Sanction
Jul 22 2013 // Swiss Reinsurance Co. and Lloyd’s of London, the world’s oldest insurance market, are among insurance companies being probed by New York’s insurance regulator about their compliance with an expanded Iran...
Berkley Life Sciences Now Lloyd’s Coverholder for U.S. Business
Jul 18 2013 // Berkley Life Sciences, a global life sciences underwriter, has been accredited as a Coverholder, in conjunction with Berkley Global Underwriters, LLC, on behalf of Lloyd’s of London. As a Coverholder, Berkley Life...
Lloyd’s Insurer Advent Names Fitzgerald as CEO
Jul 12 2013 // Lloyd’s insurer Advent has named Nigel Fitzgerald as chief executive officer. The company said the appointment completes his planned transition to the CEO role since his arrival at Advent in November, 2012 as chief...
TWFG General Agency Named Lloyd’s Coverholder
Jul 10 2013 // Texas-based The Woodlands Financial Group announced it has been approved as a coverholder at Lloyd’s of London, which authorizes its TWFG General Agency to enter into contracts of insurance and to issue insurance...
Lloyd’s Says High Taxes, Regulation Burden European Firms
Jul 10 2013 // High taxation and new regulations are among the most pressing concerns for senior European company executives, according to a survey by Lloyd’s of London. The Lloyd’s Risk Index survey also found executives...
Chinese Insurer Buying Lloyd’s of London Building
Jul 8 2013 // Ping An Insurance Group Co., China’s second-largest life insurer, agreed to buy the Lloyd’s of London building from a Commerz Real AG-managed fund, two people with knowledge of the transaction said. A Chinese...
Lloyd’s CEO Ward Stepping Down at Year End
Jul 8 2013 // On July 3, Richard Ward, chief executive officer of Lloyd’s, announced his intention to resign at the end this year. “This has not been an easy decision to make but, as Lloyd’s longest-serving CEO, I...
Swiss Re, Lloyd’s Among Insurers Probed by N.Y. on Iran Sanction
Jul 1 2013 // Swiss Reinsurance Co. and Lloyd’s of London, the world’s oldest insurance market, are among insurance companies being probed by New York’s insurance regulator about their compliance with an expanded Iran...
Aon Benfield’s Analysis of the Lloyd’s Market
Jun 26 2013 // Aon Benfield Analytics’ Market Analysis team has released its latest Lloyd’s Update report, covering the market’s 2012 financial results and business position in 2013 The report highlights the following...
Best Europe Affirms Lloyd’s Syndicate 1225 Ratings; Outlook Stable
Jun 25 2013 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 1225, which is...
Solar Storm Threats Pose Emerging Risk for Industry: Lloyd’s
Jun 17 2013 // A large solar storm could leave tens of millions of people in North America without electrical power for several months, if not years, potentially costing trillions of dollars. That’s according to Lloyd’s...
Engelen Joins Mitsui Sumitomo at Lloyd’s for Marine Liability Growth
Jun 13 2013 // Mitsui Sumitomo at Lloyd’s has affirmed its commitment to grow its Marine Liability business with the appointment of Simon Engelen as Class Underwriter. Engelen will join Mitsui Sumitomo at Lloyd’s later this...
Ratings: Heddington, Bosna Re, Arden Re, Syndicate 609, Asia Capital Re (notes)
Jun 13 2013 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Bermuda-based Heddington Insurance Limited, both with stable outlooks. The ratings...
Lloyd’s Report Highlights Solar Storm Threat as Emerging Risk
May 23 2013 // “A large solar storm could leave tens of millions of people in North America without electrical power for several months, if not years, potentially costing trillions of dollars,” according to Lloyd’s...
RenaissanceRe Posts $190.5 Million Q1 Net Income; 36.2% Combined Ratio
May 3 2013 // Bermuda-based RenaissanceRe Holdings Ltd. reported net income available to common shareholders of $190.5 million or $4.23 per diluted common share in the first quarter of 2013, compared to $201.4 million or $3.88 per...
Ratings Recap: Lloyd’s Syndicate 958, Custodian and Allied
Apr 16 2013 // A.M. Best Europe – Rating Services Ltd. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Lloyd’s Syndicate 958, both with stable outlooks....
Ex-Brazil Central Bank Governor Meirelles Joins Council of Lloyd’s
Apr 9 2013 // Lloyd’s announced the appointment of Henrique de Campos Meirelles as Nominated Member of the Council of Lloyd’s, the body responsible for the management and supervision of the Lloyd’s...
