Lloyd’s Underwriters Agree to Settle Charges Related to NRA-Branded Insurance December 21, 2018 By Elizabeth Blosfield In a December 20 consent order, 10 Lloyd’s of London underwriters have entered into an agreement to pay $5 million...
A.M. Best Discusses What’s Ahead for UK Insurers as Brexit Deadline Looms November 21, 2018 When the UK withdraws from the EU, and at the end of any transition period, passporting rights that currently exist...
London’s Electronic Placements Exceed Targets; Beazley Syndicate 3623 Ranks #1 November 20, 2018 By L.S. Howard The London market’s electronic placing platform, PPL Ltd., exceeded targets during the third quarter as more and more syndicates and...
Lloyd’s Officially Opens Its EU Headquarters, Lloyd’s Brussels November 13, 2018 Lloyd’s, the insurance and reinsurance market, officially opened Lloyd’s Brussels, its post-Brexit headquarters in the European Union. Lloyd’s Brussels is...
London Market Group to Offer Faster Solution for Coverholder Approval October 22, 2018 The London Market Group (LMG) announced that a contract has been signed with Sequel to deliver a faster and more...
Lloyd’s New CEO Neal Takes the Helm October 15, 2018 Lloyd’s, the specialist insurance and reinsurance market, today welcomes John Neal as its new chief executive officer. Neal brings more...
London Market’s Placing Platform Completes Product Roll-Out with Treaty Reinsurance October 15, 2018 The London market’s electronic placing platform, PPL Ltd., announced that the treaty reinsurance class of business went live on the...
London Market Insurers’ Profits Remain Under Pressure with Excess Capacity: Fitch October 11, 2018 The profitability of London market and Lloyd’s insurers is expected to remain under pressure in 2018, despite the fact that...
In Event of Hard Brexit, Lloyd’s Commits to Pay All Valid Claims October 10, 2018 Lloyd’s said it is working on transferring all European Economic Area (EEA) business to its EU headquarters, Lloyd’s Brussels, before...
Iran Eyes Introduction of Insurance-Linked Securities as Alternative to Reinsurance October 3, 2018 By Bernardo Vizcaino Iran is developing a range of new financial products, from Islamic bonds to warrants and insurance-linked securities, in an effort...