Major Cyber Attack Could Cost Global Economy $53 Billion: Lloyd’s July 17, 2017 By Suzanne Barlyn A major, global cyber attack could trigger an average of $53 billion of economic losses, a figure on par with...
Businesses Underestimate Long-Term Effects of Cyber Attacks: Lloyd’s Report June 28, 2017 Businesses could face a much higher bill than they expect or are prepared for after falling victim to a cyber-attack,...
Lloyd’s to Cut 10% of UK Employees on Soft Market Pricing Pressures June 26, 2017 By Sarah Jones Lloyd’s of London is planning to cut 10 percent of its staff in the UK as the world’s oldest insurance...
Existing EU Contracts Must Be ‘Grandfathered’ After Brexit to Avoid Complexity: Lloyd’s CEO Beale June 26, 2017 By Carolyn Cohn Existing European Union insurance policies should stay in place after Britain leaves the bloc because the process of dividing them...
Lloyd’s Reports £2.1B ($2.6B) Profit for 2016, Unchanged from 2015 March 30, 2017 Lloyd’s reported 2016 pretax profit of £2.1 billion pounds ($2.6 billion), level with 2015, despite a worsening of the market’s...
Lloyd’s to Open EU Insurer in Brussels in Preparation for Brexit March 30, 2017 By L.S. Howard Lloyd’s, the specialist insurance and reinsurance market, announced it will set up a European insurance company in Brussels in preparation...
Lloyd’s Insurers Urged to Focus on U/W Discipline as 2016 Losses Loom December 13, 2016 By Carolyn Cohn Underwriters at Lloyd’s of London lost money in 2016, driving the 90-plus syndicates in the insurance market to be more...
UK Gov’t Promises Insurers & Banks London Will Stay Top Finance Center – After Brexit December 6, 2016 By Tim Ross The U.K. government promised to make sure London keeps its place as the leading financial center after Brexit, following top-level...
Lloyd’s Details Its New Corporate Operating Model to Help Deliver Vision 2025 December 5, 2016 Lloyd’s announced details of its new Corporation Operating Model (COM) that it said will enable it to deliver its Vision...
Finance Execs Should Slash Their Pay to Win Back Trust in Business: Lloyd’s CEO October 13, 2016 By Sonali Basak and Katherine Chiglinsky Finance executives should consider slashing their own paychecks as the U.K. works to exit the European Union in order to...