Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Best Affirms ‘A’ Ratings of Lloyd’s Syndicate 2010 (Cathedral)
Oct 21 2010 // A.M. Best Europe – Rating Services Limited has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 2010. At the same...
Lloyd’s to Restructure Claims Management Procedures
Oct 20 2010 // Tom Bolt, Lloyd’s Underwriting Performance Director, outlined plans in a speech last week to reorganize Lloyd’s claims handling procedures. He received immediate, and no doubt expected, support from...
Lloyd’s McGovern Works to Expand No. American Business; Part II
Oct 18 2010 // Sean McGovern now heads Lloyd’s operations in the U.S. and Canada – the first and third largest sources of business for its underwriters. Lloyd’s not only wants to hold on to that business, but also to...
People
Oct 18 2010 // Insurance broker Marsh has added five industry veterans – four from competing broker Aon – to its private equity and mergers and acquisitions practice. James O’Brien, Jason Hawkins and Craig Warnke join...
Lloyd’s McGovern Navigates Turbulent U.S. Waters; Part I
Oct 15 2010 // A recent article in Lloyd’s “Market” magazine noted that Sean McGovern, General Counsel and, since February 2010, the Director of Lloyd’s North America, “loves to mess about in boats in his...
Stanford Denied Use of Lloyd’s Insurance to Pay Fraud Defense
Oct 14 2010 // Accused swindler Allen Stanford may not use $100 million in a Lloyd’s of London directors and officers insurance policy to pay the lawyers defending him on charges of running a $7 billion fraud, a U.S. judge in Texas...
Beazley, Co-Founder of Beazley Group, Passes Away
Oct 14 2010 // The co-founder and former CEO of Beazley Group, Andrew Beazley, has passed away at the age of 57. Beazley was co-founder of the company and its CEO for 22 years of its 24-year history. The company founded by Andrew Beazley...
Safety Remains a Concern for Nanotechnology Says Lloyd’s
Oct 7 2010 // Nanotechnology is finding wider and broader use in modern technology. It is “transforming product design and innovation among manufacturers of electronics goods, textiles, cosmetics and foodstuffs as well as in other...
Lower Corporate Taxes Could Help Preserve London’s Competitiveness
Oct 5 2010 // The City of London is just emerging from the recession brought on by the financial crisis, but it’s “clear there are numerous challenges ahead if it is to retain its global importance as a center for financial...
Syndicates – The Heart of the Market
Oct 4 2010 // Catlin, and Other Lloyd’s Syndicates As underwriters, syndicates are the heart of the Lloyd’s market. Until the end of the 20th century they were largely funded by wealthy individuals, who pledged their...
Lloyd’s Chairman Warns on Peril of Over-Regulation; Urges Growth
Oct 1 2010 // Lloyd’s Chairman, Lord Peter Levene warned a receptive audience at Lloyd’s City dinner that the current focus on regulation should not get in the way of strategies for future growth. His speech was addressed to...
Lloyd’s CFO Comments on Lower Profits, Investments, Russia Office
Sep 29 2010 // As Lloyd’s published its first half results, Luke Savage, the chief financial officer, had a busy day on Tuesday. But he spoke briefly with Insurance Journal on some of the issues the report on the first half...
Lloyd’s Sees Record Claims, Continued Pricing Decline; Considers Russia Office
Sep 28 2010 // The Lloyd’s of London insurance market revealed that record claims from disasters including the Chilean earthquake and U.S. oil spill halved its profits, and said it saw no respite from a steady decline in...
Lloyd’s Reports First Six Months Profit of $992 Million
Sep 28 2010 // Lloyd’s of London reported its interim (6 months to June 30) results today, which could best be described as mixed. Although Lloyd’s posted an overall pretax profit of £628 million [$922 million], this...
Lloyd’s Chaucer to Launch New International Liability Division
Sep 24 2010 // Lloyd’s insurer Chaucer has outlined its plans for the launch of a new International Liability Division by the end of the year, according to a bulletin on the Lloyd’s web site. “The move follows a series...
Lloyd’s Program Aims to Increase Claims Talent
Sep 24 2010 // Lloyd’s has announced that it will establish a dedicated program to recruit and train 50 claims professionals over the next five years, which it said is equivalent to “10 per cent of claims personnel currently...
Talley to Head Lloyd’s America U.S. Central Region
Sep 21 2010 // Lloyd’s announced the promotion of Pat Talley to Regional Director for Lloyd’s America’s Central Region. He will “be responsible for the Illinois and Kentucky offices [the two states in the U.S....
80% of Brokers ‘Very Positive’ on Lloyd’s Market
Sep 17 2010 // An article on the Lloyd’s web site [www.lloyds.com] concludes that “more than 80 percent of brokers say they are ‘very positive’ about doing business at Lloyd’s, according to the latest...
Best Affirms Ratings of Lloyd’s Syndicate 510 and Kiln Group Limited
Sep 15 2010 // A.M. Best Europe – Rating Services Ltd has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 510, which is...
Lloyd’s Recreates Famous Underwriting Room in Dublin for Charity
Sep 14 2010 // Lloyd’s has recreated its underwriting room in Dublin in the first event of its kind seen in Ireland. The unusual event “allowed representatives from the Irish and Lloyd’s markets to discuss their...
