Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
And Now – ‘Nose’ Insurance from Lloyd’s
Mar 19 2008 // A rose is a rose and a nose is a nose, but very few noses are valued at €5 million ($7.8 million). However, if you’re in the wine business, being able to “taste/smell” the wine you’re producing is...
Lloyd’s on ‘Cyber Risks’
Mar 14 2008 // Tom Sheffield, Technical Director at Aon, pointed out that businesses are typically at ease with physical security systems, but when it comes to online matters there appears to be a lack of knowledge. Companies must think...
Coastlines at Risk from Increased Development
Mar 12 2008 // As more and more of the world’s population moves closer to the sea, the coastal developments being constructed to accommodate the migration raise growing concerns about coastal erosion. That’s the message in an...
Lloyd’s Examines Third Party Liabilities from ‘Space Junk’
Mar 5 2008 // Lloyd’s examines the potential liabilities from falling space debris, following the U.S. North American Aerospace Defense Command’s (NORAD’s) successful destruction of a U.S. spy satellite. The article on...
Hiscox 2007 Net up 18% to $471M
Mar 4 2008 // Bermuda-based Hiscox Ltd. posted a strong profit gain in 2007. Results, released yesterday, March 3, showed a record setting £237.2 million ($471 million) pretax profit, compared to £201.1 million ($399.5 million) in...
Lloyd’s is a UK Leading Business Brand
Feb 27 2008 // Lloyd’s announced that it has been selected as “one of the UK’s strongest business brands…and the highest rated insurance organization – in the Business Superbrands 2008 list.” Lloyd’s...
‘Managing the Cycle’ Remains No. 1 Priority, Lloyd’s Survey Finds
Feb 24 2008 // Lloyd’s of London has published its fourth annual underwriting survey, which reveals that “managing the insurance cycle” remains the most important issue for the industry in 2008 with 93 percent of...
Lloyd’s Analyzes Southeast Asia Terrorism Threat
Feb 22 2008 // Lloyd’s has warned that businesses operating in Southeast Asia “need to better understand that the Asian terrorism threat is unique, complex and specific to the region.” Lloyd’s and the...
Lloyd’s Poll Finds Financial Instability is Main 2008 Risk
Feb 20 2008 // According to a recently conducted survey of 138 underwriters, Lloyd’s found that the instability of global financial markets is the single factor that will have the most impact on the insurance industry during 2008....
Lloyd’s Market Reform Group Sees End of Paper Processing
Feb 20 2008 // The slipcases at Lloyd’s are slowly going the way of the buggy whip. In a recent announcement the Market Reform Group (MRG) published details of the arrangements which, it said, “will see the end of paper...
‘Managing the Cycle’ Remains #1 Priority Lloyd’s Survey Finds
Feb 19 2008 // Lloyd’s has published its fourth annual underwriting survey, which reveals that “managing the insurance cycle remains the most important issue for the industry in 2008 with 93 percent of underwriters believing...
Best Affirms Hardy’s Lloyd’s Syndicate ‘A’ Ratings
Feb 14 2008 // A.M. Best Co. has affirmed its Syndicate Rating of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a+” of Lloyd’ s Syndicate 382, which is managed by Hardy Underwriting Agencies Ltd....
Lloyd’s Applies for Brazil Re License
Feb 14 2008 // Lloyd’s plans to expand in Brazil and is in the process of making a formal application to be an admitted reinsurer in the country. Its first representative office will be in Rio de Janeiro. Lloyd’s Chairman,...
Quanta to Sell Remaining Lloyd’s Interests to Chaucer
Feb 11 2008 // Bermuda-based Quanta Capital Holdings Ltd. has announced that it has entered into an agreement for the sale of all of its interests at Lloyd’s to Chaucer Holdings PLC. The Company expects to close this transaction...
Singer Tom Jones Denies Chest Hair Insurance Report
Feb 11 2008 // Singer Tom Jones denied a report he bought a $6.8 million insurance policy for his chest hair. The British tabloid, The Daily Mirror, reported the famed singer went to underwriters at Lloyd’s of London with the...
Lloyd’s Renews Council and Franchise Board Seats
Feb 7 2008 // Lloyd’s announced that Lord Peter Levene has been re-appointed as Chairman of Lloyd’s. Ewen Gilmour and Graham White were re-appointed as Deputy Chairmen of Lloyd’s and Bill Knight was re-appointed as...
Langley Lauds Lloyd’s Market Reform Group Progress
Jan 31 2008 // Sue Langley, Lloyd’s Director of Market Operations and North America, lauded the progress, detailed in a recently released report from the Lloyd’s Market Reform Group (MRG), which is charged with modernizing...
Société Générale Crisis Highlights ‘Rogue Trader’ Risk Warns Lloyd’s
Jan 30 2008 // The ongoing crisis at the second largest French bank, Société Générale, has prompted Lloyd’s to remind the financial community of some unfortunate facts. The bank lost €4.9 billion, or $7.25 billion, after it...
Lloyd’s 2008 Underwriting Capacity at $31.66 Billion
Jan 28 2008 // In a brief announcement Lloyd’s confirmed that as of the 1st of January the underwriting capacity of its 75 operating syndicates totaled £15.95 billion ($31.66 billion). The syndicates are managed by 46 Managing...
Lloyd’s Defends Insurers Against ‘Spoilsport’ Image
Jan 27 2008 // An increasingly common complaint against the insurance industry charges that it is largely responsible for the disappearance of traditional events and activities due to the unavailability and/or the increasing cost of...
