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...
Lloyd’s to Pay Some Staff £1,500 in Latest Cost-of-Living Aid February 1, 2023 By Irina Anghel Lloyd’s of London will hand some staff an extra £1,500 ($1,850) to cover rising living costs as inflation persists into...
Black Sea Shipping Costs Rise on Higher War Risk Insurance, Reinsurer Exclusions January 6, 2023 By Jonathan Saul Costs for hiring ships to transport commodities from the Black Sea have risen by more than a fifth since the...
Ship Insurers to Cancel War Risk Cover for Russia, Ukraine Following Reinsurer Exit December 28, 2022 By Carolyn Cohn and Jonathan Saul Ship insurers said they are canceling war risk cover across Russia, Ukraine and Belarus, following an exit from the region...
Insurance Rates to Stay Flat for Shipments of Ukraine Grain: Lloyd’s Insurer Ascot December 22, 2022 A cargo insurance facility providing cover for shipments via Ukraine’s grain export corridor will continue next year with no rate...