Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Navigators Launches Lloyd’s-Based International Casualty Unit
Feb 19 2015 // The Navigators Group, Inc. announced that Navigators Underwriting Agency Ltd., its wholly owned Lloyd’s managing agency subsidiary, has created an International Casualty unit, which will “offer a range of...
Lancashire Seen as Target as Lloyd’s Consolidation Trend Continues
Feb 17 2015 // Lloyd’s of London insurers Lancashire Holdings plc and Novae Group plc may be the next in line for takeover offers after Brit plc became the second U.K. firm within weeks to be acquired. Lancashire, which gained...
Beazley Bets on U.S. Unit to Offset Declining Rates at Lloyd’s Business
Feb 6 2015 // Beazley plc is targeting 5 percent growth for 2015 as the insurer looks to its U.S. unit to help offset falling prices for coverage at its Lloyd’s of London business. Beazley, the first of its peers to report...
Lloyd’s Appoints Brit Group CEO Cloutier to Franchise Board
Feb 4 2015 // Lloyd’s announced that Mark Cloutier, CEO of Brit PLC, will be joining the Lloyd’s Franchise Board, as of April 1, 2015. He has been the CEO of the Brit Group since October 2011, and has more than 35...
Lloyd’s Appoints Mackinnon as General Representative in Australia
Feb 3 2015 // Lloyd’s, the specialist insurance and reinsurance market, has appointed Christopher Mackinnon as its new general representative in Australia. Mackinnon starts in early February and brings with him more than 21...
O’Donohoe Joins Hamilton Re to Lead Lloyd’s Syndicate Operations
Jan 20 2015 // The Bermuda-based Hamilton Insurance Group, which operates P&C reinsurer Hamilton Re and the organization’s U.S. property casualty insurance operations Hamilton USA, announced that Dermot O’Donohoe, former...
XL to Write Nearly 10th of Lloyd’s Business After Catlin Deal
Jan 9 2015 // XL Group Plc said it would buy underwriter Catlin Group Ltd. for about 2.79 billion pounds ($4.22 billion), increasing the Dublin-based insurer’s share of business written in the Lloyd’s of London market to...
USI Insurance Services Launches Terrorism Insurance Underwritten by Lloyd’s
Dec 24 2014 // USI Insurance Services has launched a new terrorism insurance product to address the expiring Terrorism Risk Insurance Program Reauthorization Act (TRIPRA), which ends Dec. 31. Unlike TRIPRA however, USI’s Terrorism...
Lloyd’s Appoints Parry as New Director of Finance
Dec 11 2014 // The Council of Lloyd’s has appointed John Parry as Lloyd’s Director of Finance with immediate effect. He will also become a member of the Lloyd’s Franchise Board. Parry has been acting Director of Finance...
Lloyd’s Underwriter Pioneer Special Risk Expands to New York
Dec 10 2014 // Pioneer Underwriters announced that its Pioneer Special Risk (PSR), led by President Gary Dubois, has commenced underwriting via its New York based division. The bulletin explained that “Pioneer Special Risk has been...
China Re to Underwrite at Lloyd’s, Syndicate to Be Managed by Catlin
Nov 21 2014 // China Reinsurance (Group) Corporation has received approval from Lloyd’s to transform its existing special purpose syndicate into a stand-alone syndicate that will underwrite a diversified book of business, initially...
3 U.S. Wholesalers Launch $25M D&O Program at Lloyd’s for North America
Nov 20 2014 // Three of the largest U.S. wholesale firms — CRC, AmWINS Brokerage, and Swett & Crawford — have launched a $25 million public directors and officers insurance program at Lloyd’s of London called the CAS...
Hamilton Insurance Plans to Acquire Sportscover Underwriting at Lloyd’s
Nov 18 2014 // Hamilton Insurance Group, the Bermuda-based holding company for property-casualty reinsurer Hamilton Re and insurer Hamilton USA, announced it has entered into a share purchase agreement to acquire Sportscover Underwriting...
CNA Restructures Hardy’s Lloyd’s Property Unit with New Appointments
Nov 7 2014 // CNA Financial Corporation announced a number of changes to the Property team of London-based Hardy (Underwriting Agencies) Limited, an independent wholly-owned indirect subsidiaries of CNA. The Property Business Unit will...
Lloyd’s Names Cooper as its First Country Manager in Dubai
Nov 6 2014 // Lloyd’s announced that Mark Cooper has been appointed as the market’s first Country Manager for Dubai. Beginning in February he will head up Lloyd’s new operation in the Dubai International Financial...
Lloyd’s, Specialty Insurance Advisors Offer Ebola Coverage for First Responders
Oct 29 2014 // Lloyd’s of London is offering Ebola coverage for first responders through its U.S. distributor, Specialty Insurance Advisors, as an added benefit to its pre-existing Needle Stick and Workplace Violence coverage. The...
Litmus: More Bearish Ratings Expected for Reinsurance Sector
Oct 21 2014 // Since January the rating agencies have become increasingly negative on their outlook for ratings in the reinsurance sector overall, while in practice affirming or even increasing individual reinsurer* ratings. Standard and...
Lloyd’s CEO Expects Cyber Insurance Surge
Oct 8 2014 // Lloyd’s of London Chief Executive Officer Inga Beale expects the market for cyber insurance to surge after hackers attacked some of the largest companies in the U.S., including JPMorgan Chase & Co. and Home Depot...
Ex-U.S. Security Chief Ridge, Guy Carpenter, Lloyd’s Launch Cyber Policy
Oct 7 2014 // Reinsurance specialist Guy Carpenter & Co. is launching a new cyber privacy and network protection product with Ridge Insurance Solutions Co., a new Lloyd’s managing agency led by Tom Ridge, former U.S. secretary...
ANV’s CEO Multitasks His Management of an Expanding Company
Oct 6 2014 // Matt Fairfield, the founder and CEO of Dutch specialty insurance group ANV, has a lot on his plate managing the company’s activities in insurance, reinsurance and the Lloyd’s market. Carrier Management caught...
