Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
One-on-One with NAPSLO’s Outgoing President
Sep 20 2004 // When the outgoing president of the National Association of Surplus Lines Offices (NAPSLO), Jim Griffith, founded Princeton Risk Managers in 1974, organizers of the surplus lines association were convening in Florida to...
Best Affirms Lloyd’s Syndicate 382 ‘A’ Rating
Sep 17 2004 // A.M. Best Co. announced that it 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 the U.K.’s...
Best Affirms Ratings of Markel’s Lloyd’s Syndicate
Sep 9 2004 // A.M. Best Co. announced that it has affirmed its Syndicate Rating of “A” (Excellent) of Lloyd’s Syndicate 3000, which is managed by Markel Syndicate Management Ltd. Best also affirmed the...
Lloyd’s Creates Action Team to Monitor LMP Slips
Sep 2 2004 // Lloyd’s announced that it has set up a special team of LMP (London Market Principles) slip auditors. “The team will work with businesses across the market to help them meet the 95 percent compliance target by...
Best Assigns Ratings to Lloyd’s Syndicate 1084
Aug 27 2004 // A.M. Best Co. announced that it has assigned its Syndicate Rating of “A” (Excellent) to Lloyd’s Syndicate 1084, managed by Chaucer Syndicates Ltd., and an issuer credit rating (ICR) of...
Pecoraro Sentenced in La. for Fraud Conspiracy
Aug 19 2004 // A man who was on the lam for 11 years from Louisiana’s 1990s insurance scandals was sentenced on Aug. 18, 2004 to less than two years in prison, the Associated Press reported. Nofio Pecoraro Jr., 54, pleaded guilty...
Lloyd’s Opens West Coast Office in L.A.
Aug 17 2004 // Lloyd’s announced it is opening a West Coast office based in Los Angeles, whose principal goal will be to enhance the Lloyd’s trading platform in four Western States: California, Oregon, Washington and...
Best Takes Rating Actions on Lloyd’s Syndicates
Aug 13 2004 // Following the upgrade of the financial strength rating to “A” (Excellent) from “A-” (Excellent) of Lloyd’s of London and the assignment of an issuer credit rating (ICR) of “a” (See...
Best Upgrades Lloyd’s Rating to ‘A’; Mgmt. Comments
Aug 13 2004 // A.M. Best Co. announced that it has upgraded Lloyd’s financial strength rating to “A” (Excellent) from “A-” (Excellent), and has assigned an issuer credit rating of “a” with a...
Savage Appointed to Finance Director Post at Lloyd’s
Jul 22 2004 // Lloyd’s of London announced it has appointed Luke Savage as its new finance director. Savage has worked in investment banking for the last 17 years, including ten years at Morgan Stanley and three years at Lloyds...
EnPro, Equitas Reach Agreement on Asbestos Dispute
Jul 20 2004 // EnPro Industries of Charlotte, N.C., and London-based Equitas announced they have reached a comprehensive agreement to settle the current and future insurance claims of EnPro subsidiaries against certain underwriters at...
Berkshire to Back Plan for Lloyd’s Consolidation
Jul 15 2004 // Nothing succeeds like success, and Lloyd’s recent successes have apparently attracted the attention of the world’s premier investor, Berkshire Hathaway’s Warren Buffett. Berkshire is sitting on a mountain...
Another Soft Market Creates a Hard Reality
Jul 5 2004 // Like a commercial airline scrambling to squeeze out a profit in the face of increased competition and skyrocketing fuel prices, many insurance agents find themselves caught in the downward spiral of another soft market...
BOGUS TRUCKING POLICIES’:
Jul 5 2004 // Lloyd’s America revealed it is investigating allegedly bogus umbrella trucking liability policies reportedly placed through the Oakland, Calif.-based broker Ambassador Insurance Services and/or GIO International of...
LLOYD’S INVESTIGATES BOGUS UMBRELLA TRUCKING POLICIES:
Jul 5 2004 // Lloyd’s America has revealed exclusively to Insurance Journal that an investigation is currently underway for allegedly bogus umbrella trucking liability policies reportedly placed through the Oakland, Calif.-based...
LLOYD’S UNDERWRITERS SUE USAIG, MEMBERS:
Jul 5 2004 // A number of Lloyd’s of London underwriters filed a lawsuit June 15 against an aircraft insurance group and several of its members, alleging the group refused to assist in the defense of companies involved in a deadly...
Lloyd’s Investigates Bogus Umbrella Trucking Policies
Jun 23 2004 // Lloyd’s America has revealed exclusively to Insurance Journal that an investigation is currently underway for allegedly bogus umbrella trucking liability policies reportedly placed through the Oakland, Calif.-based...
Canada’s RSGC Acquires 49% Stake in London Broker
Jun 23 2004 // The Toronto-based RS Group of Companies, Inc. (RSGC), formerly Rent Shield Corp., a provider of pass-through risk specialty insurance and reinsurance products, announced that it has completed the purchase of 49 percent of...
Guy Carpenter Publishes Review of Lloyd’s Market
Jun 22 2004 // Guy Carpenter & Company Ltd., Marsh & McLennan’s global risk and reinsurance specialist, announced that it has released its annual, comprehensive review of the Lloyd’s Market – The Lloyd’s...
Former Broker Arrested in $4M Fraud Scam
Jun 21 2004 // Richard W. Peterson, 63, of San Francisco, a former insurance broker/agent, was arrested at Miami International Airport on federal fraud charges for allegedly selling approximately $4 million of fake insurance policies...
