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Probitas Ready to Launch Lloyd’s Special Purpose Arrangement for 2024 Year of Account

Nov 28 2023 // Lloyd’s syndicate Probitas 1492 announced that Lloyd’s has given formal approval for its special purpose arrangement (SPA), which will begin underwriting for the 2024 year of account. The SPA, called “AdA...

Update: Ukraine Launches Grain Insurance Program With Marsh McLennan, Lloyd’s

Nov 15 2023 // Ukraine is starting an insurance program with broker Marsh McLennan and Lloyd’s of London to provide cover for grain vessels sailing from Ukraine’s deep-sea ports, just days after a ship was hit by a Russian...

Lloyd’s to Invest $65M in Regions Affected by Transatlantic Slave Trade

Nov 8 2023 // Lloyd’s of London will invest 40 million pounds ($49.6 million) in regions affected by the transatlantic slave trade, it said on Wednesday, after a report showed the commercial insurance market had strong links to...

Major Cyber Attack Could Cost Global Economy $3.5 Trillion: Lloyd’s

Nov 6 2023 // A cyber attack on a major financial services payments system could result in widespread business disruptions, potentially costing the global economy $3.5 trillion over a five-year period, according to research from...

London SPAC to Test Shareholder Appetite for Lloyd’s of London Venture

Oct 31 2023 // Financials Acquisition Corp. said Monday it would ask shareholders to back its planned merger with its newly formed insurance venture, in a test of investor appetite for new stocks. The special purpose acquisition company...

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