Major Cyber Attack Could Cost Global Economy $3.5 Trillion: Lloyd’s October 18, 2023 A cyber attack on a major financial services payments system could result in widespread business disruptions, potentially costing the global...
Oka Gets ‘In Principle’ Approval to Launch Lloyd’s Syndicate-in-a-Box 1922 October 17, 2023 Asta, the leading third-party managing agent at Lloyd’s, and Oka, the Carbon Insurance Company, announced that Lloyd’s has granted “in...
Global Economic Losses From Extreme Weather Could Hit $5 Trillion: Lloyd’s October 11, 2023 Global economic losses could reach $5 trillion under a “plausible increase” in extreme weather events linked to climate change that...
Polo Managing Agency Assumes Management of Coverys Syndicate 1975 October 2, 2023 Polo Managing Agency Ltd., an independent Lloyd’s turnkey managing agent, has assumed management of Coverys Syndicate 1975. The specialist medical...
European Insurers Underwrite 30% of US Coal: Study September 28, 2023 By Gautam Naik and Alastair Marsh Some of Europe’s biggest insurers are underwriting close to a third of the coal production that takes place in the...
Hedge Fund Manager Crispin Odey Faces Lawsuit Over Sexual Misconduct Allegations September 25, 2023 By Jonathan Browning Two of Crispin Odey’s alleged victims have filed a lawsuit against the hedge fund manager and his eponymous former firm....
Lloyd’s and the UN Team Up to Provide Insurance to Climate Vulnerable Countries September 21, 2023 Lloyd’s of London is teaming up with the United Nations Capital Development Fund (UNCDF) to try and improve access to...
Markets/Coverages: Specialty MGA Nirvana Launches European W&I Binder September 20, 2023 Nirvana, the London-based media, tech and cyber managing general agent (MGA), has launched its new European SME Warranty and Indemnity...
Lloyd’s Syndicate Probitas 1492 to Launch Special Purpose Arrangement in 2024 September 8, 2023 Lloyd’s syndicate Probitas 1492 has announced the launch of a special purpose arrangement (SPA) for the 2024 year of account...
Lloyd’s in Talks With UN Over New Black Sea Grain Insurance Cover: CEO Neal September 8, 2023 By Jonathan Saul and Carolyn Cohn Lloyd’s of London is in talks with the United Nations over providing insurance cover for Ukrainian grain shipments if a...