Now that the market has achieved a first-half profit of £4.9 billion with a combined ratio of 83.7—its best interim results in 17 years—does this mean the hard market cycle is ending? During a media briefing to discuss Lloyd’s results, …
Lloyd’s of London is in talks with the United Nations over providing insurance cover for Ukrainian grain shipments if a new Black Sea corridor deal can be reached, its CEO John Neal told Reuters on Thursday. NATO member Turkey is …
Britain’s financial industry is dialing down activities in the run-up to the funeral of Queen Elizabeth next Monday, canceling events and paring business, as a nation in mourning prepares to bid farewell to Britain’s longest-serving monarch. Post-summer parties have been …
Lloyd’s CEO John Neal was involved in a collision with a car while riding his bike on Saturday, March 26, Lloyd’s said in a statement. Neal sustained serious injuries and is undergoing treatment in hospital, but he is expected to …
Lloyd’s of London has fined syndicate member Atrium Underwriters over one million pounds ($1.31 million) for bullying and harassment, the largest fine it has imposed for misconduct, the commercial insurance market said on Wednesday. Lloyd’s said in its “notice of …
Lloyd’s announced a new operational structure for the delivery of its transformational Blueprint Two program, following the departure of Lloyd’s Chief Operations Officer (COO) Jennifer Rigby. Rigby leaves Lloyd’s on Jan. 21, and under the new structure, Burkhard Keese, currently …
Lloyd’s confirmed a contract has been signed with DXC Technology and the International Underwriting Association (IUA) in an agreement that will build the solutions to digitalize, streamline and fully automate processing for the Lloyd’s and London market. Lloyd’s described the …
On the lower floors of HSBC Holdings Plc’s Canary Wharf headquarters, the desks are filling up. Traders, salespeople and close support staff not currently in the office have been told they are expected to be at their workstations on the …
As insurance professionals prepare for mask-free life and opportunities to exchange ideas in person, industry leaders took the virtual stage again at a midyear conference, recounting industry lessons learned during the 15 months since COVID distancing began. John Neal, chief …
Lloyd’s has launched a parametric earthquake insurance policy in New Zealand, in partnership with start-up Bounce Insurance, which uses cutting-edge technology and real-time data to automatically pay customers within five days of a strong earthquake. The new product, also called …
