Lloyd’s CEO John Neal News

Workers in London’s Financial Services Industry Are Returning to Their Desks in Droves

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 …

CEO Views: Successes and Failures in Dealing with Pandemic Challenges

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 Launches Parametric Earthquake Insurance Policy in New Zealand

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 …

Insurance Industry Groups Join Forces to Help UK Career-Break Women Return to Work

Nine leading insurance industry businesses announced the creation of a program in the UK that will enable “career-break” professionals to return to work. The program will enable participating firms to tap into the “forgotten army” of experienced women who are …

Lloyd’s Reviews Product Design of Insurance Contracts in Response to COVID-19

Lloyd’s of London is reviewing the way insurance products are designed and sold as it calls for simpler products in response to the coronavirus pandemic, the commercial insurance market said on Monday. Insurers have suffered reputational damage as a result …

Lloyd’s CEO Neal Sees Appeal of COVID Business Insurance Ruling Coming

Lloyd’s of London Chief Executive John Neal said on Thursday he expected a London judgment, which ordered some insurers to compensate struggling businesses for losses during the COVID-19 pandemic, to be appealed. London judges ruled that some of the world’s …

Lloyd’s Underlying Underwriting Results See ‘Huge Improvement’ Despite COVID Losses

While Lloyd’s overall results in the second half were hit by £2.4 billion ($3.12 billion) of COVID-19 claims, the market’s underlying underwriting performance saw a “huge improvement,” which Chief Executive Officer John Neal said is a “real testament to the …

Lloyd’s Reports First Half Loss of $520M on COVID-19 Insurance Claims

Lloyd’s of London recorded a pretax loss of 400 million pounds ($520.08 million) in the first half, battered by the coronavirus pandemic, the commercial insurance market said on Thursday. Insurers around the world have paid out on event cancellation, travel, …

New Lloyd’s Syndicate-in-a-Box Created to Insure Transport of Future COVID-19 Vaccine

Lloyd’s, the specialist insurance and reinsurance market, announced the creation and in principle approval of its newest “syndicate-in-a-box,” Syndicate 1796,* set up to insure the storage and transportation of a COVID-19 vaccine – once its developed – to emerging economies. …

Lloyd’s Insurers Get Ready to Re-Open in September After Coronavirus Lockdown

Clear screens on underwriting boxes, temperature-check thermal cameras and a click and collect take-away catering service are among changes Lloyd’s of London insurance workers will see when they return to the office in September. Having shut its London “underwriting room” …