Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Alleghany Estimates Lloyd’s Losses at $112M
Oct 1 2001 // Alleghany Insurance Holding LLC’s parent company announced that it estimated its subsidiary would have losses of around $112 million net of reinsurance from the Sept. 11 attacks in the U.S. AIH, previously known as...
Lloyd’s Puts Losses from U.S. Disasters at
Sep 27 2001 // Lloyd’s of London said Tuesday that it had completed a review of the potential loss liabilities from more than 100 of its 108 active underwriting syndicates and estimated that its overall net exposure from the...
Fitch Completes Ratings Analysis Following Terrorist Attacks
Sep 26 2001 // Fitch completed the initial phase of its ratings review of insurance and reinsurance companies exposed to losses from the terrorist attacks of Sept. 11 in the United States. Findings have been issued on 16 insurance...
A.M. Best Announces Rating Actions
Sep 25 2001 // A.M. Best announced a series of rating decisions affecting companies in the U.S., Europe and Canada. On a positive note it affirmed the A+ (Superior) rating of the Swiss Group Winterthur and the A-(Excellent ) ratings for...
True Loss from Sept. 11 Terrorist Attacks on U.S. is Immeasurable, As Estimates of Potential Insured
Sep 24 2001 // “The World Trade Center is a living symbol of man’s dedication to world peace, his belief in cooperation of men and, through cooperation, his ability to find greatness.” —Minoru Yamasaki (1912-1987),...
More Lloyd’s Insurers Estimate U.S. Losses
Sep 21 2001 // Several more Lloyd’s insurers have recently announced the potential impact their underwriting syndiactes face following the terrorist attacks in the U.S. Chaucer Holdings, Plc announced that it expected to incur...
S&P Lowers Ratings on Lloyd’s, Zurich- Puts 15 Others on Credit Watch/Negative
Sep 21 2001 // In the face of ever increasing loss assessments from insurers following the terrorist attacks in the U.S., Standard and Poor’s announced that it had downgraded Lloyd’s financial strength rating from...
Lloyd’s Assures on Losses, Sees War Risk
Sep 18 2001 // Lloyd’s announced that it had completed a preliminary assessment of the possible losses from last Tuesday’s terrorist attacks in the U.S., and although it gave no specific figures, it stated that “these...
Lutine Bell Rung for Victims of U.S. Terror Attacks
Sep 14 2001 // Underwriters and insurance brokers gathered in the Lloyd’s Building in London yesterday to hear the Lutine Bell rung in memory of the victims of this week’s terror attacks in the United States. The bell was...
Lloyd’s Says Estimates of Total U.S. Damage ‘Deeply Flawed’
Sep 13 2001 // The Lloyd’s of London insurance market have cautioned that any specific estimate of the absolute cost in financial terms for the insurance industry of yesterday’s tragedy in the United States is highly...
CLARIFICATION: Lloyd’s Insurer Cotesworth
Sep 11 2001 // The article concerning Lloyd’s insurer and Managing General Agent Cotesworth & Co., which appeared on this Website September 7th, contained language which could be interpreted to adversely reflect on the...
Lloyd’s of London Evacuates Office Towers Following U.S. Terrorist Attacks
Sep 11 2001 // Lloyd’s of London cleared its offices in the traditional financial center in the City of London following terrorist attacks on New York City and Washington, D.C. Reuters reported that the staff of other large...
Surplus Lines Market Shows Growth Despite Sluggish Economy
Sep 10 2001 // From all accounts, the surplus lines market is alive and well in the United States despite an economy which continues to sputter in many sectors. Numbers from the Surplus Line Association (SLA) of California,...
Lloyd’s Affirmed, Negative Outlook Removed
Sep 10 2001 // A.M. Best Co. has affirmed the “A” rating of Lloyd’s and removed its negative outlook. The negative outlook was affirmed June 28 to reflect A.M. Best’s concerns over the accelerating rate of...
Lloyd’s Insurers Facing Loss Crisis
Sep 7 2001 // Lloyd’s recent announcement of projected 1999 losses in the $2 billion range (see IJ Website, Aug. 30) is beginning to have a more immediate impact on some of its insurance syndicates. Yesterday Cotesworth &...
Lloyd’s To Raise Members’ Central Fund Contributions
Sep 4 2001 // Lloyd’s spokesman Adrian Beeby confirmed the organization’s intention to modify the amount members contribute to its Central Fund by raising the involuntary levies they are required to make on all premiums...
SAFECO Reaffirms Lloyd’s Commitment Following Syndicate Head’s Resignation
Sep 3 2001 // Seattle’s SAFECO reaffirmed its commitment to remain its Lloyd’s operations following the resignation of Ralph Bailey as managing director of Syndicate 138, R.F. Bailey (Underwriting Agencies) Ltd,. which it...
2000 Surplus Lines Premium Report
Sep 3 2001 // Processing at the Surplus Lines Stamping Office of Texas this year confirms what underwriters, agents, and risk managers already know – the hardening of the Property/Casualty market continues. Through August, the...
Lloyd’s Confirms Loss Figures
Aug 30 2001 // Lloyd’s of London yesterday confirmed previously published reports that it would have losses exceeding $3 billion for the years 1998-99 with a projected loss in 1999 of nearly $2 billion. 2000 figures are expected to...
Asbestos Claims: ‘The Shroud’ Over the Industry
Aug 27 2001 // Jim Hickey, the founder of the Environmental Insurance Agency in Portland, described environmental claims in general and asbestos claims in particular as “the shroud over the industry,” or harbingers of...
