Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Best Affirms Lloyd’s ‘A’ Ratings; Revises Outlook to Positive
Mar 30 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A” (Excellent) and the issuer credit rating (ICR) of “a” of Lloyd’s of London, and the ICR of “a-” of the Society...
Lloyd’s Posts Record Pre-tax Profit – Over $7 Billion
Mar 29 2007 // What a difference a year makes. Lloyd’s has just announced pretax profits for 2006 of £3.662 billion ($7.2 billion) compared to the £103 million ($202 million) loss figure posted in 2005. Lloyd’s also posted...
Fitch Upgrades Lloyd’s Ratings
Mar 29 2007 // Even before it announced record profits (see related article) Lloyd’s received good news from Fitch Ratings, who announced that it has upgraded Lloyd’s Insurer Financial Strength (IFS) rating by one notch to...
London Looks for ‘Best Marine Talent ‘
Mar 27 2007 // Lloyd’s and the London markets are about to launch a new campaign “to encourage the brightest young talent in the marine market to play a role in shaping its future.” The Lloyd’s Market Association...
Fraud Roundup
Mar 26 2007 // Washington appoints advisory board Washington Insurance Commissioner Mike Kreidler has appointed a special advisory board to monitor the agency’s fraud unit. Earlier this year, the agency’s eight-member Special...
Fraud Roundup
Mar 26 2007 // Washington appoints advisory board Washington Insurance Commissioner Mike Kreidler has appointed a special advisory board to monitor the agency’s fraud unit. Earlier this year, the agency’s eight-member Special...
Lloyd’s Underwriter Survey Again Puts ‘Managing the Cycle’ as Chief Concern
Mar 23 2007 // “For the third year running, underwriters in the Lloyd’s market have identified managing the cycle as the most important challenge for the industry, and over two-thirds believe that the industry has made some...
Ark Syndicate Is Newest Lloyd’s MGA
Mar 20 2007 // Ark Syndicate Management opened for business as Lloyd’s newest managing agency. Ark will assume the management of Syndicate 4020 with a 2007 capacity of £114 million ($222 million). The new Syndicate “will...
Bay Area Man Sentenced for Selling Fake Policies
Mar 15 2007 // A former insurance broker/agent has been sentenced to 10 years in prison for the sale of approximately $6 million worth of fake insurance policies the broker falsely claimed were underwritten by Lloyd’s of London,...
Lloyd’s Chairman Revues Asia’s Growth Prospects in Singapore Speech
Mar 12 2007 // Lord Peter Levene, Chairman of Lloyd’s, reminded an appreciative audience in Singapore that “Asia is an exciting place to be right now. Its expertise and knowledge, combined with its vast population and low...
Lloyd’s, FSA Approve Pembroke Managing Agency for Quanta
Mar 5 2007 // Bermuda-based Quanta Capital Holdings Ltd. announced that it has entered into definitive agreements with Chaucer Holdings PLC, the specialty Lloyd’s insurer, and the senior underwriting team of Syndicate 4000,...
Aon CEO Stresses Lloyd’s Need for ‘Speed of Access’
Mar 5 2007 // Greg Case, Aon’s president and CEO, told an attentive London audience (as summarized on the Lloyd’s web site – www.lloyds.com) that the City would retain its pre-eminence in the global risk and insurance...
Lloyd’s Launches Malaysian Subsidiary
Mar 1 2007 // Lloyd’s Chairman Lord Peter Levene made a trip to Malaysia’s capital Kuala Lumpur to help launch the London Market’s new subsidiary there, Lloyd’s Labuan Limited, and the upgrading of its...
Lloyd’s Hardy Licenses Use of AIR’s Cat Models
Feb 28 2007 // Boston-based AIR Worldwide Corporation announced that Hardy (Underwriting Agencies) Limited, a subsidiary of Hardy Underwriting Group plc, has licensed AIR’s catastrophe risk management systems. Hardy, a prominent...
Lloyd’s Raises Novae Syndicate Assessment To ‘2+’; Outlook Stable
Feb 20 2007 // Standard & Poor’s Ratings Services has raised its Lloyd’s Syndicate Assessment (LSA) on London-based Novae – Syndicate 2007 to ‘2+’ from ‘2’ and assigned a stable...
Lloyd’s climbs on the climate change bandwagon
Feb 12 2007 // There’s little doubt that the world is getting warmer. But this raises more questions. To what extent are greenhouse gasses, particularly CO2, responsible? Will the warming trend continue? Are there any effective...
Lloyd’s climbs on the climate change bandwagon
Feb 11 2007 // There’s little doubt that the world is getting warmer. But this raises more questions. To what extent are greenhouse gasses, particularly CO2, responsible? Will the warming trend continue? Are there any effective...
Council of Lloyd’s Confirms Member Appointments
Feb 7 2007 //
Electronic Trading/Processing Surges at Lloyd’s
Feb 5 2007 // “A quarter of all premium transactions in the London market are expected to be handled electronically by the end of the month,” said a recent bulletin on the Lloyd’s web site (www.llloyds.com). The...
S&P Publishes Lloyd’s Syndicate Review
Jan 29 2007 // Standard & Poor’s Ratings Services reported that it has preliminarily reviewed its Lloyd’s Syndicate Assessment (LSA) coverage for 2007. S&P said it will “undertake a full review of the LSAs...
