Lloyd’s of London Must Stop Supporting Fossil Fuel Expansion, NGO Says October 10, 2024 By Virginia Furness The Lloyd’s of London market is undermining climate action and should impose binding rules to prevent insurers supporting fossil fuel...
Africa Specialty Risks Begins Operating as Lloyd’s Service Company October 4, 2024 Africa Specialty Risks (ASR), the pan-African and Middle East-focused reinsurance group, announced that has begun operating as a Lloyd’s service...
Lloyd’s Focuses on Delegated Authority Arrangements as Looming Market Risk October 3, 2024 By L.S. Howard While the Lloyd’s market reported its best first-half profit in 17 years, it isn’t resting on its laurels. It is...
AXA, Aircraft Lessor DAE Clinch Deal as UK Battle Over Jets Seized in Russia Kicks Off October 3, 2024 By Kirstin Ridley and Sam Tobin Aircraft lessor Dubai Aerospace Enterprise (DAE) has secured a settlement with insurer AXA over jets retained in Russia since the...
Global Insurers Fight London Court Battle Over Jets Seized in Russia October 2, 2024 By Kirstin Ridley and Sam Tobin Insurers are playing “pass the liability parcel” in a desperate fight against multi-billion dollar claims over aircraft stranded in Russia...
Sir Charles Roxburgh Named Next Chair of Lloyd’s, Succeeding Carnegie-Brown September 19, 2024 Lloyds of London, the re/insurance marketplace, announced that Sir Charles Roxburgh has been named its next chair, subject to regulatory...
Awbury Syndicate 2025 Gets ‘In Principle’ Nod From Lloyd’s for Launch in January September 18, 2024 The Awbury Group and Polo Managing Agency Ltd. have announced that Lloyd’s has granted “in principle” approval for Awbury Syndicate...
Lloyd’s of London Plans to Overhaul ‘Unclear’ Rules on Dealing With Poor Conduct September 12, 2024 Lloyd’s of London said on Thursday it plans to overhaul its rules on dealing with poor conduct in the commercial...
Hard Market ‘Supercycle’ Likely to Be Prolonged: Lloyd’s CEO Neal September 6, 2024 By L.S. Howard Now that the market has achieved a first-half profit of £4.9 billion with a combined ratio of 83.7—its best interim...
Lloyd’s Reports Best H1 Underwriting Profit Since 2007, With 83.7 Combined Ratio September 5, 2024 By L.S. Howard The Lloyd’s insurance and reinsurance market reported overall profit before tax of £4.9 billion (US$6.4 billion), a 25.6% increase from...