Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Global Fears Are Feeding Demand for Lloyd’s of London Insurance, CEO Says
Sep 7 2023 // Growing fears about the state of the world are pushing more people to take out insurance even as prices rise, Lloyd’s of London Chief Executive Officer John Neal said. Rising inflation, recession worries, climate...
UK Insurer Aviva Eyes Lloyd’s of London Entry, Posts Above-Forecast H1 Profit
Aug 16 2023 // Aviva posted an above-forecast rise in first-half operating profit on Wednesday, helped by strong performance in general and health insurance, and its chief executive said the insurer was interested in entering the...
Lloyd’s Leads Insurers in Raising Rates, Cutting Taiwan Cover as Conflict Risks Rise
Aug 10 2023 // Lloyd’s of London underwriters are leading insurers in raising rates and cutting the amount of cover they offer for risks involving Taiwan as concerns grow over possible military action by China, industry sources...
Markets/Coverages: New Lloyd’s Syndicate Provides E&S Cover for Calif. Wildfire Risks
Jul 26 2023 // Wildfire Defense Systems Inc., Polo Managing Agency Ltd. (PMA) and Aon, announced Lloyd’s has approved the launch of Wildfire Defense Syndicate 1996, which started underwriting on July 1, 2023. Created under...
Specialty MGA UK Approved as Lloyd’s Coverholder
Jul 6 2023 // Specialty MGA UK, a recently formed MGA that is focused on providing additional capacity for specialty lines of business, has been approved as a Lloyd’s coverholder. Coverholder status will allow Specialty MGA UK to...
University of California Files Lawsuit Against Lloyd’s of London Over Refusal to Reimburse Cyber Insurance Costs
Jun 30 2023 // The Regents of the University of California sued Lloyd’s of London, arguing the company refused to reimburse the university system for the costs of data breaches covered in a cyber insurance policy. The dispute is...
Aon, Lloyd’s and Vienna Insurance Group to Provide Re/Insurance for Ukraine Recovery
Jun 21 2023 // Aon, Lloyd’s and Vienna Insurance Group (VIG) announced they are collaborating to provide foreign re/insurance capacity to support Ukraine’s recovery and reconstruction. As part of the UK-Ukraine Private...
Odey Resigns From Lloyd’s Investment Fund Amid Sexual Harassment Allegations
Jun 16 2023 // Crispin Odey has stepped back from an investment fund focused on the Lloyd’s of London insurance market in a sign of the fallout from sexual harassment allegations against the hedge fund founder spreading to his...
Lloyd’s and Dubai Partner to Launch Insurtech Accelerator
Jun 13 2023 // Lloyd’s, the marketplace for commercial, corporate and speciality risk solutions, has announced a partnership with Dubai’s Department of Economy and Tourism (DET) to facilitate growth opportunities for...
People Moves: Hong Kong’s FWD Names Former SiriusPoint CEO as Group CFO; Lloyd’s Names Beazley’s Turk as Chief Underwriting Officer
May 31 2023 // This edition of International People Moves details appointments at FWD Group and Lloyd’s of London. A summary of these new hires follows here. Hong Kong’s FWD Group Names Former SiriusPoint CEO as Group CFO FWD...
Update: List of Insurers Exiting Climate Group Grows, Including Lloyd’s, Tokio Marine
May 30 2023 // The list of firms walking out of the Net Zero Insurance Alliance continued to grow this week, adding to an exodus as the industry struggles to navigate anti-ESG attacks led by the Republican Party. The latest round of...
Reuters: Lloyd’s Register Drops Ships of Top Indian Carrier of Russian Oil
May 26 2023 // Lloyd’s Register has told India’s Gatik Ship Management, which has become a major carrier of Russian oil since the Ukraine war, that it will withdraw certification of 21 of its vessels by June 3, the maritime...
Lloyd’s of London CEO Neal Calls for Rethink of UN Climate Alliance Rules
May 25 2023 // A global climate alliance for insurers needs to make its membership rules less prescriptive or risk falling apart, the boss of Lloyd’s of London said after political pressure from some U.S. states prompted some...
Lloyd’s Cyber War Exclusions: Confusing, Disruptive, but Necessary?
May 22 2023 // The rollout of the Lloyd’s Market Association’s (LMA) cyber war exclusions received considerable criticism for the chaos and confusion they caused leading up to their effective date on March 31. But here are...
Lloyd’s Cyber War Exclusions: Confusing, Disruptive, but Necessary?
May 9 2023 // The rollout of the Lloyd’s cyber war exclusions has received considerable criticism for the chaos and confusion caused in the weeks leading up to the March 31st effective date. But there are some certainties to keep...
Markets/Coverages: Insurtech Parsyl Launches $20M Lloyd’s Consortium for Perishable Cargo
Apr 5 2023 // Parsyl, the Denver-based insurer of essential supply chains, announced the launch of its new Essential Consortium at Lloyd’s of London. The multi-year arrangement initially will bring $20 million in new capacity to...
Lloyd’s Lab Selects 13 Insurtechs for Its Next Innovation Accelerator
Mar 30 2023 // The Lloyd’s marketplace announced it has invited 13 insurtechs to join the next cohort of its innovation accelerator, the Lloyd’s Lab, following a competitive pitch process where the firms presented innovative...
Insurers Continue to Cover Ukraine Grain Corridor Shipments, for Now: Lloyd’s Chairman
Mar 24 2023 // Insurers continue to cover grain shipments from Ukraine through a U.N.-backed corridor although more clarity will be required soon, a senior Lloyd’s of London official said on Thursday, after the export accord was...
Lloyd’s of London Swings to 2022 Pre-Tax Loss on Investments but U/W Profits Up
Mar 23 2023 // Lloyd’s of London swung to a pre-tax loss in 2022 and took writedowns on its fixed-income investments, it said on Thursday. The pre-tax loss was 800 million pounds ($982.56 million), compared with a profit of 2.3...
Citgo’s Lawsuit Against Lloyd’s Insurer Over Seized Venezuelan Oil Gets Go-Ahead
Mar 16 2023 // Citgo Petroleum Corp. may move forward with an attempt to collect more than $40 million it claimed from insurers after Venezuelan authorities in 2020 seized almost a million barrels of its oil. US District Judge Gregory...
