Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Ratings: RSA Canada, Korean Re, New India, Labuan Re, Al-Ahleia, Generali/Volksfuersorge, GCAN
Jan 28 2010 // A.M. Best Co. has upgraded the financial strength ratings (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit ratings (ICR) to “a” from “a-” of Royal & Sun...
Lloyd’s Ordered to Pay Alleged Swindler Stanford’s Defense Costs
Jan 27 2010 // A U.S. federal judge ordered insurer Lloyd’s of London Tuesday to pay for alleged swindler Allen Stanford’s defense. Stanford and three other defendants sued the insurer after Lloyd’s stopped providing...
Markel Selects Wilson to Direct International Development
Jan 25 2010 // Markel International has appointed Simon Wilson to the role of director, international development. He joins Markel International from Lloyd’s. For the last three years, he was Lloyd’s general representative in...
New York Sees Promise in Own London-Like Market
Jan 24 2010 // But Skeptics Question Timing for Revival of U.S. Insurance Exchange A recently announced plan by New York’s governor to boost his state’s financial services industry by recreating the New York Insurance...
Tragedy in Haiti; XL Moves to Ireland; NYC Exchange Doesn’t Worry London; WEF Prepares for Davos
Jan 24 2010 // The tragedy in Haiti is a reminder of how fragile life can be in developing countries.Despite the massive loss of life and widespread destruction in and around the capital Port-au-Prince, vital rescue efforts have been...
New York Plans First Steps to Creating Lloyd’s Competitor
Jan 10 2010 // New York regulators are aggressively pursuing plans for a reincarnation of the New York Insurance Exchange and expect to finish assembling a “working group” of industry insiders within the next two months who...
TriSystems Readies New ‘Cost-Effective’ Platform for Lloyd’s Brokers
Jan 8 2010 // Jeff Ward, a director of London Market reform technology specialists TriSystems, and his colleagues have been busy lately. They’ve been working on the latest version of an electronic communications service for...
Lloyd’s Analyzes New and Changing Risks
Jan 7 2010 // The start of a new decade is always a time to take stock in what the past has brought, and what the future may bring. As part of its “360 Risk Insight” series, Lloyd’s of London queried “a cross...
New York Plans First Steps to Creating Lloyd’s Competitor
Jan 6 2010 // New York regulators are aggressively pursuing plans for a reincarnation of the New York Insurance Exchange and expect to assemble a “working group” of industry insiders within the next two weeks who will guide...
Praise and Honors for Lloyd’s Retiring Franchise Director Rolfe Tolle
Dec 31 2009 // Tributes have poured in from across the Lloyd’s market to Rolf Tolle, who, as Lloyd’s first Franchise Performance Director, is being hailed as “one of the main architects of the market’s resurgence...
Judge Sets Stanford Trial for 2011; Again Asked to Compel Insurance
Dec 18 2009 // Alleged swindler Allen Stanford will spend more than a year in custody after a U.S. judge Thursday set his criminal trial for January 2011. “This criminal case is going to get under way and it is going to go on...
Judge Rules for Lloyd’s In Dispute Over Stanford’s Insurance
Dec 17 2009 // A federal judge in Houston found accused swindler Allen Stanford and his attorneys in contempt of a court order Wednesday over their attempts to collect insurance policy proceeds to pay defense costs. No sanctions were...
Best Affirms Ratings of Lloyd’s Syndicate 2001 and Amlin plc
Dec 17 2009 // A.M. Best Co. has affirmed Best’s Syndicate Rating of ‘A+’ (Superior) and the issuer credit rating of “aa-” of Lloyd’s Syndicate 2001, which is managed by Amlin Underwriting Limited....
Best Affirms Lloyd’s Syndicate 570 & 609 ‘A’ Ratings
Dec 16 2009 // A.M. Best Co. has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Lloyd’s Syndicates 570 and 609, which are both managed by Atrium...
FSA, Lloyd’s Approve Montpelier Re’s Paladin Agency as Coverholder
Dec 14 2009 // Bermuda-based Montpelier Re Holdings Ltd. announced the formation of a new UK Managing General Agent, Paladin Underwriting Agency Limited, a wholly-owned subsidiary of the Montpelier Group. The new MGA has received...
Insurance ‘Central to our Climate Security’ Says Lloyd’s CEO
Dec 11 2009 // Lloyd’s CEO Richard Ward, speaking at an ancillary meeting of the Copenhagen Conference on Climate Change, stressed that, although “this is a side event to the main negotiations,’ It shouldn’t...
Floods in the U.K.; Lloyd’s Exchange Gets Rolling; Willis in Deal for Gras Savoye
Dec 6 2009 // A series of violent storms struck the west coast of England, beginning Nov. 19. Cumbria, the county just below the Scottish border, was the most severely affected area, where heavy rain caused extensive flooding in a...
Stanford Sues Lloyd’s of London for Defense Fees Under D&O Policy
Nov 25 2009 // Allen Stanford, who faces U.S. criminal and civil charges for allegedly leading a $7 billion Ponzi scheme, is suing Lloyd’s of London for defense costs. Lloyd’s had advanced some legal fees under a directors...
Beazley Starts Trading through the Lloyd’s Exchange
Nov 25 2009 // Lloyd’s and international insurer Beazley announced that underwriters placing business for the company now have access to the Lloyd’s Exchange. The processing system will enable them to “undertake...
De La Rochefoucauld to Head Lloyd’s French Office
Nov 23 2009 // Lloyd’s announced the appointment of Guy-Antoine De La Rochefoucauld as the new Country Manager for its French office, effective the 7th of December. The bulletin noted that he “has over 25 years experience in...
