How Coronavirus Crisis Has Changed Underwriting at Lloyd’s of London March 30, 2020 By Carolyn Cohn, Noor Zainab Hussain and Jonathan Saul Thousands of London’s underwriters took their stamps and fountain pens home last week, which they use to sign insurance contracts,...
Lloyd’s Faces COVID-19 Claims from Multiple Insurance Lines, Says CEO Neal March 27, 2020 By L.S. Howard Lloyd’s insurers face COVID-19 related claims from approximately 14 categories of insurance, said Chief Executive Officer John Neal during a...
Blenheim Gets Initial Approval from Lloyd’s to Launch New Managing Agency March 27, 2020 Blenheim Underwriting announced it has been granted “approval in principle” by the Lloyd’s board to establish a new managing agency....
Lloyd’s Returns to Profit, Says in ‘Strong Position’ to Respond to COVID-19 March 26, 2020 By L.S. Howard While announcing a return to profit of £2.5 billion (US$3 billion) for 2019, Lloyd’s also affirmed that the market is...
Olympics’ Postponement Likely to Cost Insurers Much Less than Cancellation March 25, 2020 By Carolyn Cohn and Noor Zainab Hussain Delaying the Olympics is likely to cost insurers much less than canceling the Tokyo Games altogether, with a chance that...
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...