Insurers Continue to Cover Ukraine Grain Corridor Shipments, for Now: Lloyd’s Chairman March 24, 2023 By Jonathan Saul Insurers continue to cover grain shipments from Ukraine through a U.N.-backed corridor although more clarity will be required soon, a...
Lloyd’s of London Swings to 2022 Pre-Tax Loss on Investments but U/W Profits Up March 23, 2023 Lloyd’s of London swung to a pre-tax loss in 2022 and took writedowns on its fixed-income investments, it said on...
Britain’s Financial Services Industry Plans Blueprint for Post-Brexit ‘Kickstart’ March 21, 2023 By Huw Jones Top officials from Britain’s financial sector said on Tuesday they would set out a blueprint later this year to “kickstart”...
London Market Insurers Publish Guidelines for Marine Casualty Claims March 17, 2023 New guidelines have been agreed by marine insurers in the London Market to help improve collaboration in the handling of...
Citgo’s Lawsuit Against Lloyd’s Insurer Over Seized Venezuelan Oil Gets Go-Ahead March 16, 2023 By Robert Burnson Citgo Petroleum Corp. may move forward with an attempt to collect more than $40 million it claimed from insurers after...
People Moves: Lloyd’s Names James as COO, Taking Over From Keese Who Continues as CFO; Howden Tiger Builds Int’l Treaty Team With Appointment of Ed Broking’s Jani March 14, 2023 This edition of International People Moves details appointments at Lloyd’s and Howden Tiger. A summary of these new hires follows...
Insurers Successfully Merge Lawsuits Brought by Lessors for Jets Confiscated in Russia March 13, 2023 By Siddharth Philip and Upmanyu Trivedi Insurers led by AIG succeeded in their attempt to merge several lawsuits brought by aircraft lessors over outstanding claims for...
Ariel Re Raises $270M of Capital to Support Growth Opportunities March 6, 2023 Ariel Re, a global reinsurance business with offices in Bermuda, London and Hong Kong, has announced it has secured $270...
Lloyd’s Names Former Ascot CEO Brooks as Deputy Chair of Council February 9, 2023 Lloyd’s of London announced that Andrew Brooks has been appointed as deputy chair of the Council of Lloyd’s. Brooks recently...
Westfield Completes Acquisition of Lloyd’s of London Syndicate 1200 February 3, 2023 Westfield has completed the acquisition of Lloyd’s of London Syndicate 1200 from Argo Group International Holdings Ltd. for about $125...