Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Arch Receives Approval for New Lloyd’s Syndicate
Jan 22 2009 // The Bermuda-based Arch Capital Group announced that the Company has received approval in principle from the Lloyd’s Franchise Board and the Financial Services Authority (FSA) to establish a new managing agent and...
Int’l. Underwriting Association Pledges Electronic Claims Payment Progress
Jan 21 2009 // An article on the Lloyd’s web site (www.lloyds.com) discusses plans by the International Underwriting Association for making claims payment a top priority for 2009. The IUA aims to double the number of new claims...
Lloyd’s Chairman Calls for Insurance Industry Input in Financial Regulation
Jan 20 2009 // Lloyd’s Chairman, Lord Peter Levene, has called for insurers to contribute to the debate about the future of financial markets, citing better regulation as the key way forward. In an article on the Lloyd’s web...
Lloyd’s Exchange Offers Real Change
Jan 16 2009 // The Lloyd’s Exchange pilot initiative (See IJ web site – https://www.insurancejournal.com/news/international/2009/01/13/96927.htm] was formally introduced on Thursday to the general approval of all concerned....
IBM Chosen to Provide Lloyd’s ‘Exchange Pilot’ Communication System
Jan 13 2009 // Lloyd’s announced that it has selected IBM to deliver the Lloyd’s Exchange pilot. “The Exchange will allow market participants to transfer risk information to each other using electronic messaging...
Economy and Climate Change Top New Year Agenda
Jan 11 2009 // For the moment the economic recession is driving the global stagecoach, while climate change is riding shotgun, but it’s not as bad as it could be. Reports from Europe point to the fact that the P/C industry’s...
London Market Reform Group Sets 2009-11 Program
Jan 8 2009 // The Market Reform Group (MRG), which sets priorities for London’s insurance industry, has announced its plans to, in its words, “deliver a new growth spurt that will further cement London as the market of...
Lloyd’s Receives Guernsey General Insurance License
Jan 7 2009 // Lloyd’s announced that it has obtained a license to write direct general insurance business in Guernsey. “Before now Lloyd’s has been viewed as a ‘Recognized Insurer’, which has meant...
Lloyd’s, FSA Approve New MGA for ‘Sportscover’ Syndicate
Jan 6 2009 // The Financial Services Authority and Lloyd’s have given approval for a new managing agency to assume the management of the Sportscover syndicate, 3334 SCS. The new managing agency, Sportscover Underwriting Limited...
Lloyd’s Names Börjesson as First Nordic Area Manager
Jan 5 2009 // Lloyd’s has announced the appointment of Erik Börjesson as its first Nordic Area Manager. He will be based in Stockholm and will assist Lloyd’s syndicates and managing agents in building relationships with...
Lloyd’s Analyzes Madoff’s Impact on Professional Liability Coverage
Jan 2 2009 // The ripple effect from Bernard Madoff ‘s Ponzi scheme will inevitably flow across the Atlantic concludes an article on the Lloyd’s web site (www.lloyds.com). For many years Madoff’s fund paid high...
Despite Financial Crisis, Climate Change Concerns Continue
Dec 29 2008 // “This year’s climate change agenda has, if nothing else, highlighted that next year will be hard going for those wishing to set global agreement for action against climate change,” states a recent article...
The View From London
Dec 21 2008 // Insurers Can Weather Global Financial Crisis Buyers that aren’t buying; houses that aren’t selling, banks that aren’t lending — sound familiar? But in this case it’s the United Kingdom that...
Lloyd’s Releases New Three-Year Strategic Plan
Dec 12 2008 // Lloyd’s has published the latest revision of its three-year strategic plan, which outlines its “direction and key priorities” for the period. The bulletin noted that the plan and its annual Franchise...
Lloyd’s Names Eutebach Market Relations Manager – Germany, Austria
Dec 3 2008 // Lloyd’s has announced the appointment of Volker Eutebach as its first Market Relations Manager for Germany and Austria. He joined Lloyd’s on December 1st, and will be based in Frankfurt, working closely with...
Best Affirms Amlin and Lloyd’s Syndicate 2001 Ratings
Dec 3 2008 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a” of Amlin Bermuda Limited (ABL) with a stable outlook. Best also affirmed...
Somali Pirates Heighten Menace
Nov 30 2008 // Insurers Increasingly Concerned Over Growing Threat of Attacks Yo, ho, ho and a tanker of oil – Pirates of the Caribbean they’re not. Today’s descendants of the marauders of the Spanish Main operate from...
Lloyd’s Expects U.S. To Adopt Federal Regulation of Insurance
Nov 30 2008 // Pushed by the global economic crisis, the United States is expected to embrace federal regulation of the insurance industry as early as 2009, according to some financial and insurance executives. Federal regulation —...
Lloyd’s Conference Finds Progress in Insurers Efforts on Climate Change
Nov 26 2008 // Over 100 representatives from the financial services sector met at Lloyd’s on Nov. 24 to listen to what the insurance industry has been doing to combat climate change. The conference, held for the first time this...
