Ongoing Pirate Menace Triggers Special Coverage, Security Measures October 25, 2011 By Charles E. Boyle “Pirates of the Caribbean” they aren’t. They are for the most part desperate men from a failed state that have...
Best Affirms Lloyd’s Syndicate 2010, Cathedral Capital Ratings October 18, 2011 A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating...
FSA Changes Date for Solvency II Implementation, Lloyd’s, Aon Benfield Comment October 7, 2011 On October 3, the UK’s Financial Services Authority (FSA) announced a revision to the dates on which it plans to...
Ryan Specialty Completes Acquisition of Lloyd’s Insurer Jubilee September 26, 2011 Ryan Specialty Group, LLC (RSG) announced that it has completed the acquisition of specialist Lloyd’s insurer Jubilee Group Holdings Limited,...
Lord Levene to Receive Rarely Given Gold Medal for Services to Lloyd’s September 22, 2011 Lloyd’s announced that its outgoing Chairman, Lord Peter Levene, who steps down on October 12, is “to receive a rarely-struck...
Lloyd’s CFO Stresses Overall Strength after Record Loss September 22, 2011 By Charles E. Boyle Lloyd’s of London reported the largest first half loss in its 323 year history yesterday, Sept. 21 – £697 million,...
Lloyd’s Reports Billion Dollar First Half Loss Due to Catastrophes September 21, 2011 As had been more or less predicted, Lloyd’s posted a £697 million [$1.094 billion] pre-tax loss for the first six...
Lloyd’s Bolt: Offshore Energy Underwriters Aren’t ‘Robustly Managing Risks’ September 21, 2011 In a keynote speech at the annual Houston Marine Insurance Seminar Tom Bolt, Lloyd’s Director of Performance Management, told an...
Torus Acquires Broadgate, Lloyd’s Syndicate 1301 September 20, 2011 Specialty insurer Torus has confirmed that it has “entered into an agreement with Clal Insurance Enterprises Holdings Limited to acquire...
Lloyd’s Syndicate Withdraws 9/11 Lawsuit Against Saudi Arabia September 20, 2011 Lloyd’s London’s Syndicate 3500 filed a notice on Monday, Sept. 19, to voluntarily dismiss its federal lawsuit against Saudi Arabia...