Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Catlin Establishes General Aviation Consortium at Lloyd’s Asia
Apr 11 2014 // The Catlin Group Limited (CGL) announced from its Singapore, office the formation of the General Aviation Consortium at Lloyd’s Asia to write General Aviation insurance and reinsurance risks based in the Asia-Pacific...
Aon Touts Sidecar with Berskhire Hathaway That Was Criticized by Lloyd’s
Apr 10 2014 // Aon Plc, the broker that was criticized by Lloyd’s of London for a deal with Warren Buffett’s Berkshire Hathaway Inc., said the relationship actually helps make the U.K. insurance market more...
Insurance Can’t Protect Libertarian’s Dream of Unlimited Liability: McArdle
Apr 6 2014 // If you run in libertarian circles, you hear a lot about lawsuits. It’s the obvious recourse for anyone who wants less regulation but can’t bring themselves to insist that, say, chemical companies should be...
Stolen Marquis de Sade’s Sex Manuscript, Insured by Lloyd’s, Returns to Paris
Apr 6 2014 // The Marquis de Sade’s scandalous and sexually graphic novel “120 Days of Sodom” has come back home. Written in prison in 1785 — just before the French Revolution — and described by the Marquis...
Torus CEO Dermot O’Donohoe on the Insurer’s Future Prospects
Apr 2 2014 // When Torus Insurance was founded by first Reserve, headed by Clive Tobin in 2008, the worst effects of the financial crisis were just beginning to bite, but they bit pretty hard. The company, although well run, and...
Allied World Approved to Launch New Managing Agency at Lloyd’s
Mar 31 2014 // Allied World Assurance Company Holdings, AG announced that it has received approval from Lloyd’s, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) to establish its own Lloyd’s...
Lloyd’s ‘Stands Ready’ to Pay Claims from Malaysian Airlines Flight 370
Mar 28 2014 // Lloyd’s of London, the world’s oldest insurance market, has said it stands ready to pay out claims arising from the presumed loss of Malaysian Airlines Flight 370, even as searchers continue to scour the Indian...
JPMorgan Snub, Lloyd’s Insurance Threat Spurred Change at SAE Fraternity
Mar 27 2014 // Early this month, JPMorgan Chase & Co. stopped managing an investment account for a prominent client: the charitable foundation of Sigma Alpha Epsilon, one of the nation’s largest fraternities. The bank was...
Lloyd’s Profits for 2013 Near $5.3 Billion
Mar 26 2014 // Lloyd’s announced a profit of £3.2 billion [$5.2894 billion] for 2013, compared to a profit of £2.8 billion [$4.628 billion] in 2012. Gross written premium income increased to £26.1 billion [$43.14 billion]....
Best Affirms Markel Int’l., Lloyd’s Syndicate 3000 Ratings
Mar 24 2014 // A.M. Best has affirmed the financial strength ratings of ‘A’ (Excellent) and issuer credit ratings of “a+” of UK-based Markel International Insurance Company Limited (MIICL) and Lloyd’s...
Act ‘Quickly and Appropriately’ to Protect Brands: Lloyd’s/Airmic Advise
Mar 19 2014 // Companies should be aware of how best to protect their brands after an incident. “The key to remaining resilient and keeping brands and reputations intact is responding quickly and appropriately,” Lloyd’s...
Canada’s UNDZ Underwear Offers Buyers Insurance for ‘Prized Private Part’
Mar 13 2014 // Canadian underwear brand UNDZ has announced that as of March 15 it has arranged to provide a “$50,000 insurance policy to protect its customers’ most prized asset” – in simpler terms it’s offering...
Marketform Secures Baltic Region Coverholder – a First for Lloyd’s MGA’s
Mar 6 2014 // Specialist Lloyd’s underwriter Marketform announced that it is the first Lloyd’s Managing Agency to secure a coverholder in Lithuania, one of the fast-emerging countries in the Baltic region. “Initially...
Qatar Insurance Company Enters Lloyd’s Market with Antares Acquisition
Feb 13 2014 // Qatar Insurance Company SAQ (QIC) announced that it has reached agreement to acquire the entire share capital of Antares Holdings Limited, together with its subsidiaries, a specialist insurer and reinsurer operating in the...
MGAA Members Back Lloyd’s Delegated Authority Plans
Feb 11 2014 // Representatives of over 75 percent of the UK’s Managing General Agents’ Association (MGAA) member organizations gathered yesterday to hear Peter Montanaro, Head of Delegated Authorities at Lloyd’s, set...
ANV Makes Structural Changes, Additions to Lloyd’s Syndicate 1861 Team
Feb 5 2014 // ANV Holdings BV, the Dutch headquartered specialty insurance business, announced a wide restructuring of its underwriting leadership within ANV Syndicate 1861. The bulletin described the initiative “as a testament to...
Lloyd’s Launches ‘Volume Claims Service’
Feb 3 2014 // Lloyd’s announced the launch of its new shared service, Volume Claims Service (VCS), which it said is “part of its overarching Claims Transformation Program, a fast and fair claims handling service which offers...
Beazley, Hiscox Form D&O Consortium with Capacity up to $50 Million
Jan 28 2014 // Lloyd’s of London insurers Beazley and Hiscox have partnered to offer brokers and clients a D&O consortium through which the syndicates will provide materially higher limits and offer additional options to...
Oasis Consortium of 21 Insurers, Brokers Launches Independent Cat Model
Jan 28 2014 // The Oasis Loss Modelling Framework has unveiled what it describes as “the most significant development in the modelling of natural catastrophe losses for 20 years”— the launch of an independent, global, open...
Lloyd’s Underwriters Warn of Rising Danger from Cyber Terrorism
Jan 3 2014 // An article on the Lloyd’s website notes that “industrial facilities from nuclear plants to dams are increasingly coming under attack from cyber terrorists bent on causing physical damage and disruption from...
