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...
Global Fears Are Feeding Demand for Lloyd’s of London Insurance, CEO Says September 7, 2023 By Loukia Gyftopoulou Growing fears about the state of the world are pushing more people to take out insurance even as prices rise,...
ACORD Releases Data Messaging Standard to Support London-Market Modernization September 7, 2023 ACORD, the standards-setting body for the global insurance industry, announced the publication of the ACORD GRLC Contract, Risk, and Pre-Accounting...
Munich Re Again Tops List of 50 Largest Reinsurers With Swiss Re at No. 2: AM Best August 23, 2023 By L.S. Howard Munich Re holds onto the top spot in AM Best’s annual ranking of the top 50 global reinsurance groups for...
Lloyd’s Leads Insurers in Raising Rates, Cutting Taiwan Cover as Conflict Risks Rise August 10, 2023 By Jonathan Saul and Carolyn Cohn Lloyd’s of London underwriters are leading insurers in raising rates and cutting the amount of cover they offer for risks...
Britain to Create New Regime to Deal With Big Insurance Company Failures August 7, 2023 By Huw Jones Britain said on Wednesday [Aug. 2] it would start work on setting up new rules specially designed to prevent a...
Aircraft Lessors Aim for June 2024 Trial Over Contested Russia Insurance Claims August 1, 2023 Some of the world’s largest aircraft lessors and insurers are aiming to be ready to go to trial in June...
Airlines Face Doubling in War Insurance Premiums After Sudan Losses: Sources July 26, 2023 By Carolyn Cohn Airlines could end up paying twice as much for insurance they need to protect themselves against losses triggered by war...
Aviation Lessors Fight to Stop Insurance Dispute Hearings in Russia July 10, 2023 More than 40 aviation leasing firms, locked in a battle with insurers over who should bear up to $10 billion...