Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Top 10 2003 Newsmakers
Dec 15 2003 // While less turbulent than 2001-2002, this year hasn’t exactly been a walk in the park. The industry continues to face intractable problems—a lack of capital strength, accompanied by accusations that it’s...
Industry Says Good-bye to Familiar Faces
Dec 15 2003 // The insurance industry lost a number of familiar faces in 2003. Some were company presidents and CEOs; some may not have been as well known but were still instrumental in shaping the industry and its future. Insurance...
Industry People Making Moves in 2003
Dec 15 2003 // As you will probably notice from this list, it is not scientific, preferential, etc. We retraced news coverage of this past year and tried to come to an agreement on who made headlines. We likely left off a few...
Best Assigns ‘A’ Rating to Lloyd’s Syndicate 2001
Dec 12 2003 // A.M. Best Co. announced that it has assigned a Best’s Syndicate Rating of ‘A’ (Excellent) with a stable outlook to Lloyd’s Syndicate 2001, which is managed by Amlin Underwriting Limited. “The...
Best Affirms ‘A’ Rating of Lloyd’s Syndicate 958
Dec 10 2003 // A.M. Best Co. announced that it has affirmed its Syndicate Rating of ‘A’ (Excellent) on Lloyd’s Syndicate 958, which is managed by Omega Underwriting Agents Ltd, with a stable outlook. “The rating...
CDI Investigating Reports of Bogus Policies
Dec 1 2003 // Allegations that more than 200 bar and restaurant owners in California were sold bogus insurance policies is under investigation by a number of different entities. A California Department of Insurance (CDI) spokesperson...
Lloyd’s Adopts U.K. GAAP in Move to Annual Accounting
Nov 20 2003 // In a further move to bring its accounting procedures up to date, Lloyd’s announced it would adopt UK Generally Accepted Accounting Principles (GAAP) beginning January 1, 2005. It also plans to eventually adopt...
Lloyd’s Notes Step in Business Process Reform
Nov 11 2003 // London-based Lloyd’s announced that a comprehensive and consistent form of slip for writing risks will be mandated starting in January 2004. This new move reportedly will significantly improve business processes...
Best Affirms Lloyd’s Syndicate 510 ‘A’ Rating
Nov 6 2003 // A.M. Best Co. announced that it has affirmed its Syndicate Rating of A (Excellent) of Lloyd’s Syndicate 510 with a stable outlook. The U.K.’s R J Kiln & Co Ltd. is the Synicate’s manager. “The...
Rent Shield Announces $120 Million Lloyd’s Placement for Investment Property Risk
Nov 4 2003 // Toronto-based Rent Shield Corp, a provider of pass-through risk specialty insurance and reinsurance products, announced that it has received a Binding Agreement from Tysers International Insurance and Reinsurance Brokers...
Lloyd’s Issues Statement on Goshawk Withdrawal
Nov 3 2003 // Lloyd’s has issued a statement concerning the withdrawal of the U.K.’s Goshawk Insurance Holdings’ Syndicate 102 from the Lloyd’s market, indicating that the it will no longer be able to accept any...
The Reinsurance World 2003 – Capacity, Profitability and ‘The Cycle’
Nov 3 2003 // A year ago the reinsurance world had an optimistic side most companies had survived their exposures to 9/11 and premiums were rising. A pessimistic side reflected a 25 percent decline in capacity, thus limiting new...
The Reinsurance World 2003 – Capacity, Profitability and ‘The Cycle’
Nov 3 2003 // A year ago the reinsurance world had an optimistic side most companies had survived their exposures to 9/11 and premiums were rising. A pessimistic side reflected a 25 percent decline in capacity, thus limiting new...
Goshawk to Exit Lloyd’s Market
Oct 31 2003 // The U.K.’s Goshawk Insurance Holdings announced that it will exit the Lloyd’s market due to a series of losses dating back to 2001, and will henceforth concentrate on Goshawk Re its Bermuda-based reinsurance...
Lord Levene Stresses Insurers’ Economic Role in Speech to NY RIMS
Oct 27 2003 // Speaking to the New York Risk Insurance Management Society on Friday, Lloyd’s Chairman, Lord Peter Levene, stressed the role insurance plays in business, calling it “the oil in the engine of the economy,...
Former A&A CEO Traces the Roots of Insurance in New Book
Oct 20 2003 // ormer Alexander & Alexander CEO John A. Bogardus recently released his comprehensive history of the insurance marketplace entitled Spreading the Risks, Insuring the American Experience (ISBN# 1-889274-16X). The...
Former A&A CEO Traces the Roots of Insurance in New Book
Oct 20 2003 // Former Alexander & Alexander CEO John A. Bogardus recently released his comprehensive history of the insurance marketplace entitled Spreading the Risks, Insuring the American Experience (ISBN# 1-889274-16X). The...
EC Drops Probe of Lloyd’s Regulation
Oct 16 2003 // The European Commission, the European Union’s regulatory authority, has dropped an investigation of the British government’s rules concerning the Lloyd’s market. The EC began the probe in response to...
Lloyd’s Appoints Iain Saville First Head of “Business Process Reform”
Oct 13 2003 // Lloyd’s announced the appointment of Iain Saville as the three hundred year old insurance market’s first Head of Business Process Reform, charged with modernizing and improving business processes across the...
RMS Expands Commitment to Lloyd’s Market
Oct 10 2003 // Newark, Calif.-based RMS, a provider of products and services for the management of catastrophe risk, has expanded its commitment to the Lloyd’s market with the addition of three Lloyd’s managing agents as new...
