Major Cyber Attack Could Cost Global Economy $53 Billion: Lloyd’s July 17, 2017 By Suzanne Barlyn A major, global cyber attack could trigger an average of $53 billion of economic losses, a figure on par with...
AXIS Capital to Launch Lloyd’s Managing Agency July 14, 2017 Bermuda-based AXIS Capital Holdings Ltd. announced it will launch a Lloyd’s managing agent after receiving authorization from Lloyd’s, the UK...
Days of Cyber Insurers Avoiding Costly Claims May Be Numbered: Expert July 7, 2017 By Oliver Suess Cyber crime insurers largely avoided costly claims from the recent attacks that hit business around the globe. The next global...
AXIS Capital to Acquire Lloyd’s Specialty Re/Insurer Novae for $604 Million July 6, 2017 AXIS Capital Holdings Ltd. announced it is acquiring Novae Group plc, a specialty re/insurer that operates through Lloyd’s of London....
Lloyd’s Names Childs, Hiscox’s Non-Exec Chairman, as Deputy Chairman July 5, 2017 Lloyd’s announced that Robert Childs, non-executive chairman of Hiscox, has been appointed deputy chairman of Lloyd’s. He takes up the...
Businesses Underestimate Long-Term Effects of Cyber Attacks: Lloyd’s Report June 28, 2017 Businesses could face a much higher bill than they expect or are prepared for after falling victim to a cyber-attack,...
CNA Hardy Names Neon’s Marriott as Head of Cargo, Lloyd’s June 27, 2017 CNA Hardy, a specialist commercial insurance provider for clients within the Lloyd’s and company markets, announced the appointment of Alistair...
Lloyd’s to Cut 10% of UK Employees on Soft Market Pricing Pressures June 26, 2017 By Sarah Jones Lloyd’s of London is planning to cut 10 percent of its staff in the UK as the world’s oldest insurance...
Existing EU Contracts Must Be ‘Grandfathered’ After Brexit to Avoid Complexity: Lloyd’s CEO Beale June 26, 2017 By Carolyn Cohn Existing European Union insurance policies should stay in place after Britain leaves the bloc because the process of dividing them...
Randall & Quilter to Sell Lloyd’s Agency to Medical Liability Insurer Coverys June 23, 2017 Randall & Quilter Investment Holdings Ltd. announced it has reached agreement to sell the entire share capital of its Lloyd’s...