$19 Billion in Potential Losses from Cloud Services Failure Mostly Uninsured: Lloyd’s, AIR January 23, 2018 By Suzanne Barlyn A cyber problem that temporary shuts down a top U.S. cloud computing provider could trigger as much as $19 billion...
AXIS Capital Aligns Lloyd’s Agency Platforms After Its Acquisition of Novae January 9, 2018 AXIS Capital Holdings Ltd. announced it has received authorization from Lloyd’s for AXIS Managing Agency Ltd. to commence the management...
The Fine Art of Underwriting Through Soft & Slightly Harder Market Cycles January 3, 2018 By L.S. Howard Twenty or so years ago, a London market marine underwriter declared he was going golfing one afternoon because he had...
R&Q Buys Old Mutual’s Run-Off Captive, Constantia Insurance January 2, 2018 Randall & Quilter (R&Q) announced it has acquired Constantia Insurance Co. (Guernsey) Ltd., a captive company now in run-off, from...
Ironshore’s Pembroke Agency & GIC Re Get Nod from Lloyd’s to Form Syndicate December 21, 2017 Ironshore Inc. announced that its Pembroke Managing Agency has been granted “in principle” approval by the Lloyd’s Franchise Board to...
Travelers Names Rnjak to Lead Its Lloyd’s Platform December 21, 2017 Travelers Europe announced it has appointed Nick Rnjak to lead Travelers Syndicate Management Ltd., its wholly owned platform in the...
Pioneer Underwriters Gets Lloyd’s Approval to Launch Syndicate 1980 on Jan. 1 December 14, 2017 Pioneer Underwriters announced it has received approval from Lloyd’s for Syndicate 1980 to commence underwriting business attaching on or after...
UK’s Bretton Woods International Gets UK Regulatory Nod, Becomes Lloyd’s Broker December 13, 2017 Bretton Woods International (BWI), the specialist insurance broker and managing general agent, has received a license to operate in the...
China’s Tallest Building Attracts Industry Tenants Including Lloyd’s & Allianz December 12, 2017 By Gregory Turk After more than two years of red tape that kept tenants from moving in, China’s tallest skyscraper, the Shanghai Tower,...
London Financial Industry Welcomes Brexit Breakthrough but Won’t Alter EU Plans December 8, 2017 By Simon Jessop and Anjuli Davies London’s financial industry welcomed progress on a divorce deal with the European Union on Friday but said it saw little...