Markets/Coverages: Howden Launches European Cyber & Tech E&O Facility December 8, 2023 Howden, the global insurance group, today announces the launch of one of the first dedicated European cyber and technology errors...
CFC Executives Walsh and Newman to Step Down After Lloyd’s Misconduct Probe November 29, 2023 By L.S. Howard CFC, the London-based managing general agent, announced that its founder and group CEO, David Walsh, and Graeme Newman, CEO of...
Probitas Ready to Launch Lloyd’s Special Purpose Arrangement for 2024 Year of Account November 28, 2023 Lloyd’s syndicate Probitas 1492 announced that Lloyd’s has given formal approval for its special purpose arrangement (SPA), which will begin...
Grain Ship, Damaged off Coast of Ukraine, Likely Hit Sea Mine: Sources November 20, 2023 A merchant ship transporting grains was lightly damaged off the coast of Ukraine and was likely to have been hit...
Update: Ukraine Launches Grain Insurance Program With Marsh McLennan, Lloyd’s November 15, 2023 By Áine Quinn, Volodymyr Verbianyi and Max Reyes Ukraine is starting an insurance program with broker Marsh McLennan and Lloyd’s of London to provide cover for grain vessels...
Insurers Review Middle East Events Policies After War Leads to Cancellations November 8, 2023 By Carolyn Cohn and Noor Zainab Hussain Some insurers are excluding Israel, Lebanon and other Middle Eastern countries from their event cancellation policies after the Israel-Hamas war...
Lloyd’s to Invest $65M in Regions Affected by Transatlantic Slave Trade November 8, 2023 By Carolyn Cohn Lloyd’s of London will invest 40 million pounds ($49.6 million) in regions affected by the transatlantic slave trade, it said...
London SPAC to Test Shareholder Appetite for Lloyd’s of London Venture October 31, 2023 By Carolyn Cohn and Pablo Mayo Cerqueiro Financials Acquisition Corp. said Monday it would ask shareholders to back its planned merger with its newly formed insurance venture,...
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...