Lloyd’s and London’s Finance District Confront a Past Steeped in Slavery October 6, 2021 By Carolyn Cohn and Huw Jones LONDON — British ships ferried over 3 million enslaved African people across the Atlantic Ocean. Lloyd’s of London insured many...
Volante Receives ‘In-Principle’ Nod From Lloyd’s to Launch Asta-Managed Syndicate September 23, 2021 Volante Capital Holdings (Bermuda) Ltd., the international multi-class managing general agency platform, has received “in-principle” approval from Lloyd’s to launch...
Stanford Ponzi Scheme Recovery Tops $1 Billion With Help From Insurers September 21, 2021 By Jonathan Stempel A court-appointed receiver has recouped more than $1 billion for victims of Texas financier Allen Stanford’s Ponzi scheme, the largest...
Workers in London’s Financial Services Industry Are Returning to Their Desks in Droves September 20, 2021 By Harry Wilson and Tom Metcalf On the lower floors of HSBC Holdings Plc’s Canary Wharf headquarters, the desks are filling up. Traders, salespeople and close...
Dale Partners Receives ‘In-Principle’ Approval to Launch Lloyd’s Managing Agency September 16, 2021 Dale Partners Ltd., the London-based holding company of Dale Underwriting Partners (DUP), has been granted “in-principle” approval by Lloyd’s to...
Lloyd’s Reports H1 2021 Profit of £1.4B ($1.9B), with 92.2% Combined Ratio September 9, 2021 By L.S. Howard Lloyd’s of London reported pre-tax profit of £1.4 billion (US$1.9 billion) for the first half of 2021, compared to a...
Blenheim Underwriting Launches Lloyd’s Managing Agency August 10, 2021 Blenheim Underwriting Ltd. announced it has received final approval and the necessary permissions from UK regulators and Lloyd’s to act...
Britain Launches $1 Billion Reinsurance Scheme to Cover Music Festivals August 6, 2021 By Carolyn Cohn Britain launched a government-backed reinsurance scheme totaling more than 750 million pounds ($1 billion) on Thursday to cover live events...
Lloyd’s Plans Insurance for Electric Vehicles, Hydrogen Fuel, in Climate Change Fight July 29, 2021 Lloyd’s of London plans to develop insurance products for electric vehicles and hydrogen as part of its efforts to fight...
Scientists Call for Urgent Climate Change Action, Citing ‘Tipping Point’ July 29, 2021 By Don Jergler The California Climate Insurance Working Group has released 40 state and local policy recommendations focused on reducing damage and improving...