Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Best Assigns ‘A’ Ratings to SVB’s Lloyd’s Syndicates 2147 & 1007
Feb 1 2006 // In two separate announcements A.M. Best Co. said it has assigned a Best’s Syndicate Rating of “A” (Excellent) and an issuer credit rating (ICR) of “a” to Lloyd’s Syndicate 2147 and...
Brit’s Douetil to Head Lloyd’s Market Reform Group
Jan 30 2006 // Lloyd’s announced that Dane Douetil, Chief Executive of Brit Insurance Holdings PLC, has been appointed as the new head of the Market Reform Group (MRG), the body responsible for process reform and modernization in...
Lloyd’s Leaders Participate in Davos Panel Discussion on Global Risks
Jan 27 2006 // The Lloyd’s delegation, currently attending the World Economic Forum in Davos, Switzerland, will be part of a panel discussion examining one of the “three main themes of the event -” the rise in global...
Lloyd’s Comments on Cat Models
Jan 26 2006 // “Catastrophe models are useful, but have their limits,” says a comment on the Lloyd’s Web site (www.lloyds.com). “That is the lesson learnt by the insurance industry following last year’s...
RI3K Head Warns Lloyd’s of Need to Reform to Survive
Jan 26 2006 // In a speech to the Insurance Institute of London yesterday, Jan. 25, Alex Letts, the Chief Executive of RI3K Ltd. – the London-based provider of platform technology infrastructure for the reinsurance industry,...
Lloyd’s Announces Governing Council Election Results
Jan 24 2006 //
Lloyd’s Shuts Kinnect
Jan 24 2006 // Ultimately “all the King’s horses and all the King’s Men” couldn’t put Kinnect together again. The King’s men in this case being the management of Lloyd’s, who have finally thrown...
A seriously shaken reinsurance industry rebuilds
Jan 23 2006 // Although Katrina is long gone, the clouds of misfortune she and her sisters generated will linger for decades. They radiate well beyond Louisiana, Florida, Texas, Mississippi, Alabama and other regions into the heart of...
New entrants join race for surplus lines share
Jan 23 2006 // XL, Rockhill and GMAC RE jockey for market share with established surplus lines writers Katrina-sized catastrophes put added pressure on admitted carriers, which increases the demand for greater capacity in excess and...
Reinsurance Outlook
Jan 22 2006 // Although Katrina is long gone, the clouds of misfortune she and her sisters generated will linger for decades. They radiate well beyond Louisiana, Florida, Texas, Mississippi, Alabama and other regions into the heart of...
CLOSER LOOK: Excess, Surplus & Specialty
Jan 22 2006 // XL, Rockhill and GMAC RE jockey for market share with established surplus lines writers Katrina-sized catastrophes put added pressure on admitted carriers, which increases the demand for greater capacity in excess and...
Lloyd’s Consortium Forms New Facility for Satellite Insurance
Jan 20 2006 // A consortium of Lloyd’s underwriters has formed a new facility for satellite insurance that will “enable the most accurate pricing of risks the sector has ever seen,” said an announcement on the...
Lloyd’s Launches “Optimal Platform” to Meet Foreign Competition
Jan 17 2006 // Lloyd’s has launched a new three-year plan to keep the London market healthy in the face of growing foreign competition, especially from Bermuda. The plan, called the Optimal Platform, outlines a “package of...
Lloyd’s Brokers Respond to Piracy Threats Against Ships’ Crews
Jan 17 2006 // Specialist intermediary Seacurus and Lloyd’s broker Cooper Gay have launched “CrewSEACURE,” a new type of marine cover underwritten within Lloyd’s, which addressees the rising instances of piracy,...
EIB Offers Independent Producers Lloyd’s Paper on Certain Liability Risks
Jan 12 2006 // Evolution Insurance Brokers, (“EIB”) is pleased to inform its independent producer network that effective October 1, 2005, an opportunity for additional excess and surplus lines coverage is available with...
Lloyd’s Urges U.S. to End Foreign Insurers’ Trade Barriers
Jan 11 2006 // Barriers to trade must be removed to permit foreign reinsurers to lend more support in the event of another mega-disaster such as Hurricane Katrina, Lloyd’s chairman Lord Levene told New York business...
Lloyd’s Sees Growing Demand for Yacht Coverage
Jan 10 2006 // An article on the Lloyd’s Web site (www.lloyds.com) notes that “boat ownership continues to grow at a time when insurers are considering the areas around the world where they are willing to cover yachts and...
Lloyd’s Amlin Upbeat on 2005/2006
Jan 10 2006 // Lloyd’s insurer Amlin plc has issued a very positive assessment of its 2005 results and is equally upbeat about prospects for 2006. Amlin said it “expects that, in the absence of unforeseen circumstances, its...
Lloyd’s Creechurch Creates Syndicate to Conform with Shari’ah Law
Jan 6 2006 // Lloyd’s insurer Creechurch Underwriting Limited announced the formation of the first Lloyd’s Syndicate to be managed in accordance with Islamic Shari’ah principles. “Stephen Gargrave will be the...
Lloyd’s Survey Confirms Small Business Confidence in Brokers
Jan 5 2006 // A survey, commissioned by the General Insurance Market Association (GIMRA), which queried 500 small and medium-sized businesses (SME’s), has determined that they continue to have confidence in traditional insurance...
