Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
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...
U.K. Experts Warn of Continuing, Evolving Global Terrorist Threats
Jan 5 2006 // A leading U.K. intelligence expert and a specialist in terrorist underwriting at Hiscox Plc have warned that the threat of terrorism will not diminish in the year ahead with the continued potential for attacks around the...
Lloyd’s Reminds Companies on Importance of Recall Coverage
Jan 4 2006 // A bulletin on the Lloyd’s Web site (www.lloyds.com) reminds companies of the importance of having sufficient coverage in force to handle potential recalls of the consumer products they sell. Lloyd’s interviewed...
S&P Assigns Lloyd’s Assessment Rating to Amlin’s Syndicate 2001
Dec 23 2005 // Standard & Poor’s Ratings Services announced that it has assigned its interactive Lloyd’s Syndicate Assessment (LSA) of ‘4’ (low dependency) to U.K.-based Amlin Underwriting – Syndicate...
Best Rates U.K.’s Hiscox, Lloyd’s Syndicate, Bermuda Start-Up
Dec 19 2005 // A.M. Best Co. has announced its credit ratings on U.K. specialist and Lloyd’s insurer Hiscox plc. and its operating entities. It affirmed the financial strength rating (FSR) of “A-” (Excellent) and the...
Lloyd’s Hurricane Losses Top $ 5 Billion
Dec 19 2005 // In an updated statement, Lloyd’s acknowledged that it now estimates the London market’s combined losses from the three hurricanes that struck the U.S. will exceed $5 billion. The new figures are based on the...
Best Affirms Amlin Plc, Lloyd’s Syndicate 2001 Ratings
Dec 16 2005 // A.M. Best Co. announced that it has affirmed its Syndicate Rating of “A” (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 2001, managed by Amlin Underwriting Limited...
Prime Secures Lloyd’s Binding Authority to offer Independent Producers Lloyd’s Paper on Certain Liability Risks
Dec 13 2005 // SANDY, Utah – The Prime Insurance Syndicate, Inc. (“Prime”) is pleased to announce that effective October 1, 2005; Prime secured additional binding authority from certain underwriters at Lloyd’s of...
Lloyd’s Dropped from R.I. Nightclub Suit
Dec 12 2005 // A federal judge in Rhode Island has ordered Lloyd’s of London dropped from a civil lawsuit filed by victims of the 2003 fire at the Station nightclub. Finding that the insurance policy issued to nightclub owner...
News Briefs
Dec 4 2005 // Willis Expands in China, Latin America: In a breakthrough agreement, global insurance broker Willis Group Holdings Limited, has received written approval from the China Insurance Regulatory Commission (CIRC) to increase...
Lloyd’s Ups Hurricane Losses to $3.27 Billion; Increases 2006 Capacity
Nov 30 2005 // Lloyd’s has issued an updated statement on the estimated financial impact on the market of Hurricanes Katrina, Rita and Wilma, based on the results gathered from “a Major Loss Return from each Managing...
Lord Levene Urges U.K. Reinsurers to Support Changes in U.S. Trust Fund Collateral Requirements
Nov 29 2005 // Lloyd’s Chairman, Lord Levene, has called on the London market’s reinsurers to play their part in European efforts to remove the current “inappropriate system” of collateralisation requirements in...
Lloyd’s Offers Poultry Farmers Coverage for Bird Flu
Nov 25 2005 // Heath Lambert has launched a facility to protect poultry farmers against avian flu (also known as bird flu). The exclusive facility, broked by the company’s specialist London market operation, FSJ, is 100%...
Integro Buys Lloyd’s Broker Humphreys, Haggas, Sutton
Nov 24 2005 // Integro Ltd. announced the acquisition of Humphreys, Haggas, Sutton & Co. Ltd. (HHS), a Lloyd’s broker founded in 1994 by its three principals, Toby Humphreys, Simon Haggas and John Sutton. “This...
