Aircraft Insurers Brace for Barrage of Russia Claims in Possibly Biggest Aviation Loss March 18, 2022 By Katherine Chiglinsky, Siddharth Philip and Max Reyes Aircraft-leasing firms working to retrieve planes from Russia are set to collide with an aviation-insurance industry bracing for an unprecedented...
Oman Insurance Co. Receives Nod to Underwrite via Lloyd’s Syndicate-in-a-Box March 17, 2022 Oman Insurance Co. (OIC) and Asta, the third-party managing agent at Lloyd’s, announced that OIC’s syndicate 2880 has received Lloyd’s...
Russia, Belarus Represent Less Than 1% of Business Transacted by Lloyd’s March 15, 2022 Russia and Belarus represent less than 1% of business transacted by Lloyd’s of London, the commercial insurance market said, adding...
Mosaic to Buy Sirius Int’l Lloyd’s Managing Agency; SiriusPoint to Be Mosaic Investor March 10, 2022 Mosaic Insurance has entered into an agreement to purchase the Lloyd’s managing agency of SiriusPoint as part of a transaction...
UK to Ban Russian Companies From London Aviation Insurance Market March 3, 2022 LONDON — Britain will ban Russian companies from the multi-billion dollar aviation and space insurance market in London, the world’s...
People Moves: Lloyd’s Names Gomez People Officer; McMillan Joins Brace Specialty From Canopius March 2, 2022 Lloyd’s Names Gomez as Chief People Officer Lloyd’s of London has appointed Sara Gomez as chief people officer (CPO). As...
COVID-19 Cases Are Dropping, but Many UK Employees Still Opt to Work From Home February 8, 2022 By William Shaw, Irina Anghel and Loukia Gyftopoulou With pandemic restrictions in the UK largely gone, offices are getting busier. Yet vast numbers of desks still remain empty....
LMA Announces ‘At-the-Box’ or ‘In-the-Office’ Availability for Lloyd’s Underwriters February 4, 2022 The board of the Lloyd’s Market Association (LMA) has announced cross-market consensus on underwriters’ in-person availability – either at the...
Threat of War in Ukraine Biggest Risk for Insurers of Beijing Winter Olympics February 4, 2022 By Noor Zainab Hussain and Carolyn Cohn The threat of war between Russia and Ukraine is the biggest risk for insurers offering coverage during the Beijing Winter...
Greenlight Re Innovations Gets ‘In-Principle’ Nod to Launch Lloyd’s Syndicate February 1, 2022 Greenlight Re Innovations (GRI), part of Cayman Islands-headquartered Greenlight Capital Re Ltd., has received “in-principle” approval from Lloyd’s to establish...