Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Business Moves
Mar 21 2011 // Abram Interstate Insurance, Align General Rocklin, Calif.-based Abram Interstate Insurance Services Inc. purchased an equine and farmowners book of business from Align General Insurance Agency Inc. of San Diego. All...
Lloyd’s Chaucer Lowers NZ Quake, Aus. Flood Loss Estimates; Assessing Japan
Mar 18 2011 // Chaucer Holdings PLC, the specialist Lloyd’s insurance group, has announced that it has reduced its best estimate for claims arising from the 2010 New Zealand earthquake and Australian floods. Chaucer previously...
Lloyd’s Insurer Kiln Enters Liability Market
Mar 17 2011 // Kiln, the international insurance and reinsurance underwriting group, and a subsidiary of the Tokio Marine group, announced that it has launched a new Liability function to underwrite and support general liability...
Lloyd’s Statement on Japanese Earthquake/Tsunami
Mar 15 2011 // Lloyd’s of London has issued the following statement on the Japanese earthquake: “Our thoughts are still with those affected by the major earthquake and tsunami events in Japan. “Lloyd’s is...
Lloyd’s Opens New Office in Rotterdam
Mar 10 2011 // Lloyd’s described the opening of its new office in the Dutch port city of Rotterdam as “embracing its marine roots.” They go back over 300 years and Lloyd’s pointed out that it already has a...
Lloyd’s Tackles Mardi Gras Risks
Mar 9 2011 //
Lloyd’s Market Association Issues Statement on Middle East Unrest
Mar 3 2011 // The Lloyd’s Market Association has issued the following statement concerning the wave of political protest and demonstration that have been unfolding in the Middle East and North Africa: “Clearly there has been...
Kiln, Lockton Team Up to Offer Cyber Coverage to UK Retailers
Mar 2 2011 // Lloyd’s insurer Kiln and international broker Lockton have teamed up to offer cyber insurance to small- and medium-sized online retailers. “The security and privacy cover is being made available to members of...
People
Feb 21 2011 // Rodney Smith Lloyd’s of London has appointed Rodney Smith to serve as the regional director for Lloyd’s newly established Southeast region. Smith will be based in Atlanta, Georgia and be responsible for market...
UK Government Announces Financial Regulatory Changes; ABI, Lloyd’s Comment
Feb 18 2011 // The UK’s Conservative government recently announced the long awaited regulatory reform proposals for financial services, covering both banks and insurers. They are far reaching, and will require changes in the way...
Mitsui Sumitomo at Lloyd’s Expands Team; Hires Five Execs
Feb 18 2011 // Mitsui Sumitomo at Lloyd’s has made five appointments to its corporate, mid-market and regional distribution teams as the UK non-life insurer continues its expansion drive. The corporate team has been strengthened by...
Lloyd’s CEO in China Talks on Expansion
Feb 14 2011 // A bulletin on the Lloyd’s web site notes that CEO Richard Ward “met with representatives from the China Insurance Regulatory Commission (CIRC) in Beijing last week, including the commission’s Vice...
Beazley Extends Global Environmental Underwriting to Pollution Coverage
Feb 8 2011 // Specialist insurer Beazley announced that it is broadening its coverage of environmental risks, first launched by its U.S. company, by “establishing an environmental risks underwriting capability at Lloyd’s,...
Lloyd’s Warns of Increases in Fraudulent Claims
Feb 7 2011 // Fraud is a fact of life for the insurance industry – part of the game so to speak. While some claims, as Lloyd’s notes in an article on its web site, may cause people to smile, the amount of money they cost the...
Lloyd’s of London Names Smith Southeast Director
Feb 2 2011 // Lloyd’s of London has appointed Rodney Smith to serve as the regional director for Lloyd’s newly established Southeast region. Smith will be based in Atlanta, Georgia and be responsible for market development...
Lloyd’s Market: ‘No Direct Threat’ to Suez Canal Shipping
Jan 31 2011 // No direct threat to ships passing through the strategic Suez Canal waterway exists at the moment, despite unrest in Egypt, a senior official with London’s marine insurance market said on Monday. “We are not...
Lloyd’s Ribeiro Beats a Path to the World’s Insurance Door
Jan 18 2011 // As director of international markets for Lloyd’s of London, Jose Ribeiro has a lot of responsibilities. He took a brief time out, as he prepared for a trip to China, to tell the Insurance Journal a little bit about...
Lloyd’s Looks to Gov’t. Reforms to Reduce Skyrocketing Legal Costs
Jan 10 2011 // Lloyd’s leaders have long warned that the “compensation culture” is steadily increasing the costs of legal actions in the UK, as plaintiffs’ lawyers pursue more actions and seek larger recoveries...
5 New Appointments Strengthen Mitsui Sumitomo at Lloyd’s U/W Team
Jan 7 2011 // Mitsui Sumitomo at Lloyd’s, a leading UK insurer, has announced a string of new appointments that continues to strengthen its underwriting team. Chris Bottomley has been appointed as Underwriting Manager, Property...
Lloyd’s Does Well in a Tough Year
Dec 30 2010 // Lloyd’s year-end review shows that, like the rest of the industry it faced a number of challenges in a difficult year. Low interest rates diminished investment returns for insurers, while the soft market provided...
