Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
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...
Aon Benfield’s Impact Forecasting Head Explains the Latest in Models
Oct 6 2014 // Adam Podlaha, the head of Aon Benfield’s Impact Forecasting division, is responsible for overseeing the collection of the data and its implementation in creating the latest catastrophe and other models. He explained...
Lloyd’s Posts First-Half Profits of $2.72 Billion
Oct 6 2014 // Lloyd’s reported a profit of £1.67 billion [$2.7218 billion] for the first six months of 2014, marking a 21 percent increase on the corresponding period last year. The announcement said that “while these...
Lloyd’s Chairman Nelson on Reinsurance Market, Coverholders, Future Expansion
Sep 29 2014 // Lloyd’s Chairman John Nelson is pleased with the current state of the Lloyd’s market. Shortly after Nelson was interviewed at the Reinsurance Rendezvous in Monte Carlo, Lloyd’s announced a $1.67 billion...
A.M. Best Affirms Rating of Kiln Syndicate 510
Sep 26 2014 // A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of “a+” of Lloyd’s Syndicate 510 (United Kingdom), which is managed by RJ Kiln & Co. Limited (RJ...
Lloyd’s Posts First-Half Profits of $2.72 Billion
Sep 25 2014 // Lloyd’s reported a profit of £1.67 billion {$2.7218 billion] for the first six months of 2014, marking a 21 percent increase on the corresponding period last year. The announcement said that “while these...
Insuring Products of the Mind
Sep 22 2014 // The rapid growth in patent infringement litigation in 2013 – almost 6,500 cases, or an increase of 25 percent over 2012, according to PricewaterhouseCoopers – might appear to be a strong motivator for at-risk...
‘Minimal’ Insurance Effect If Scotland Exits U.K., Says Lloyd’s of London Chair
Sep 15 2014 // Lloyd’s of London Chairman John Nelson said several years of uncertainty will follow if Scotland leaves the U.K. “The immediate effect would be a period of perhaps two years of uncertainty,” said Nelson,...
UK to Issue First Renminbi Bond; Lloyd’s of London Gets OK for Beijing Branch
Sep 15 2014 // Britain will become first Western government to issue an offshore bond in China’s renminbi currency, finance minister George Osborne said on Friday, deepening efforts to build financial links with the world’s...
