Lloyd’s Closes London Underwriting Room in Response to Coronavirus Crisis March 19, 2020 By L.S. Howard After conducting a successful stress-test last week of its electronic trading system, Lloyd’s has made the decision to close its...
Lloyd’s Asks Market Insurers to Provide Estimates for Coronavirus Losses March 18, 2020 Lloyd’s of London has asked its member firms to provide estimates of their potential current and final losses from coronavirus,...
Lloyd’s Market Association to Close Office in Response to COVID-19 March 13, 2020 The Lloyd’s Market Association (LMA) is closing its office from Tuesday March 17 until the end of March in response...
Lloyd’s to Shut London Building for Coronavirus Stress-Test – But Trading Will Continue March 12, 2020 By L.S. Howard Lloyd’s is shutting its London underwriting room at 1 Lime Street for one day for a contingency planning exercise in...
European Banks, Lloyd’s of London Develop Coronavirus Contingency Plans March 5, 2020 By Carolyn Cohn and Valentina Za Global banks and small investment firms in Europe are urging staff to work from home and curb travel as the...
Lloyd’s Promotes Miesowitz to Succeed Retiring Gunset as U.S. General Counsel March 4, 2020 Lloyd’s of London has promoted Sabrina Miesowitz to U.S. general counsel to succeed Joe Gunset who is retiring from the...
Parametric Insurance Could Offer Hotels Relief from Coronavirus Cancellations March 3, 2020 By Noor Zainab Hussain and Carolyn Cohn Organizers of events called off because of the coronavirus are likely to miss out on insurance payouts because typical policies...
UK Financial Services Could Fare Less Well in U.S. Trade Deal than Energy, Cars March 3, 2020 By Huw Jones Britain’s financial services industry could fare less well than energy, autos and other sectors under a free trade deal with...
Lloyd’s Launches Cryptocurrency Wallet Insurance Policy March 2, 2020 Lloyd’s has launched an insurance policy to protect cryptocurrency held in online wallets against theft or other malicious hacks. The...
Global Insurers Face Hefty Claims If Coronavirus Forces Olympics Cancellation February 28, 2020 By Noor Zainab Hussain and Carolyn Cohn Global insurers face a hefty bill if the coronavirus forces the cancellation of the Summer Olympics in Tokyo, with estimates...