Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Chairman Nelson Talks About the Future of Lloyd’s
Oct 16 2012 // Lloyd’s of London Chairman John Nelson knew when he acceded to his post one year ago that his predecessor, Lord Peter Levene, would be a hard act to follow. Levene served for nine years and oversaw significant...
Mass. Court Rules on CGL Independent Contractor Exclusion
Oct 8 2012 // A Massachusetts court recently ruled in favor of insurer Lloyd’s in a dispute over a commercial property and general liability policy excluding coverage for independent contractors. The insured, a property...
ANV Settles in as Lloyd’s MGA, as Capacity and Syndicates Grow
Oct 8 2012 // There are now 78 operating syndicates at Lloyd’s; 88, including Special Purpose and RITC syndicates. Although no new ones have so far joined Lloyd’s this year; three syndicates have transferred ownership:...
Chairman Nelson Charts Future Course for Lloyd’s
Oct 8 2012 // Lloyd’s of London Chairman John Nelson knew when he acceded to his post one year ago that his predecessor, Lord Peter Levene, would be a hard act to follow. Levene served for nine years and oversaw significant...
Secure Legal Title Launches Lloyd’s Coverage
Oct 5 2012 // Secure Legal Title Ltd., a London-based provider of legal indemnity and title insurance, announced the registration at Lloyd’s of “Secure Legal Title Cover,” which will provide legal indemnity and title...
Lloyd’s Analyzes Repercussions of Thai Flood Losses a Year Later
Oct 3 2012 // Lloyd’s has published an analysis of the floods that hit Thailand in October 2011, which notes that “after weeks of slowly spreading their way through many of Thailand’s provinces, flood waters eventually...
Catlin Sponsors Demonstration of ‘Touch Table’ Technology
Oct 2 2012 // London-based Catlin Underwriting Agencies Limited, a unit of Catlin Group Limited, announced that it is studying how technological innovations could improve service to brokers and clients in the Lloyd’s market. As...
‘We’re an Attractive Place to do Business:’ Lloyds CEO Richard Ward
Sep 26 2012 // Following Lloyd’s release of its composite results for the first six months of 2012 – a £1.53 billion [$2.4 billion] profit – Lloyd’s chief executive Richard Ward was understandably pleased. In a telephone...
Lloyd’s 1st Half Profits at $2.4 Billion; CEO Cites ‘Disciplined Underwriting’
Sep 26 2012 // Lloyd’s of London’s first six months of 2012 financial figures couldn’t evince a greater difference from those posted in the first half of 2011. It posted profits of £1.53 billion ($2.47...
Massachusetts Court Rules on Scope of Independent Contractor Exclusion
Sep 25 2012 // A Massachusetts court recently ruled in favor of insurer Lloyd’s in a dispute over a commercial property and general liability policy excluding coverage for independent contractors. The insured, a property...
US Brokers’ Employees Attend London’s Beazley Broker Academy at Lloyd’s
Sep 17 2012 // A bulletin from Lloyd’s notes that “high potential employees from US broking firms will spend the coming week in London, standing in the shoes of the Lloyd’s underwriter and gaining a detailed...
Best Affirms Catlin Group and Subs ‘A’ Ratings; Outlook Stable
Sep 14 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the Bermuda-based Catlin Insurance Company...
Mitsui Sumitomo Promotes Wood to Class Underwriter-Professional Indemnity
Sep 6 2012 // Mitsui Sumitomo at Lloyd’s announced the promotion of Stuart Wood to Class Underwriter for Professional Indemnity (PI) within its Professional Lines operation. Wood joined Mitsui Sumitomo at Lloyd’s in 2009. He...
Lloyd’s Names Vandendael – Director, Int’l. Markets; Van Saun to Franchise Board
Sep 4 2012 // Lloyd’s has announced two top level executive appointments. Vincent Vandendael will take over as Director – International Markets, and Bruce Van Saun has been appointed as an independent non-executive director...
Guy Carpenter Report Finds Lloyd’s Seeking to Improve ‘Competitiveness’
Aug 29 2012 // A new report on the Lloyd’s insurance market by Guy Carpenter & Co. finds that “Lloyd’s is looking to improve its global competitiveness despite mounting challenges including low investment returns,...
Ashland Gun Club Insurance Dispute with Lloyd’s
Aug 28 2012 // Lloyd’s of London says the liability insurance it provides for the Ashland Gun Club in Oregon covers bodily injury and property damage, but it won’t pay any damages related to lead contamination from...
Stenzhorn, Bateman Join Lloyd’s Broker Howden’s Energy Division
Aug 24 2012 // UK-based Howden Insurance Brokers announced the second phase in the development of its Energy division with the appointments of Greg Stenzhorn and Richard Bateman. Stenzhorn will join Howden from Aon Benfield on the 15th...
Flagstone Re Completes the Sale of Lloyd’s Operation to ANV
Aug 21 2012 // Luxembourg-based Flagstone Reinsurance Holdings, S.A. announced that it has completed the planned sale of its Lloyd’s segment to a wholly-owned subsidiary of ANV Holdings BV for approximately $49.7 million in...
Declarations – South Central
Aug 6 2012 // Painful Spending “Nobody likes to have to spend $104 million. … It’s pretty painful, but it won’t put us out of business.” —Richard Robertson, CEO of Louisiana Citizens Property Property...
Declarations – Midwest
Aug 6 2012 // Amateur Hour “A lot of firms … have been dabbling in employee benefits and have put no money in the infrastructure, and have no real advisory expertise. … Amateur hour is about over now, and that’s why...
