Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Torus Acquires Broadgate, Lloyd’s Syndicate 1301
Sep 20 2011 // Specialty insurer Torus has confirmed that it has “entered into an agreement with Clal Insurance Enterprises Holdings Limited to acquire London-based Lloyd’s Syndicate 1301 and its corporate members Broadgate...
Lloyd’s Syndicate Withdraws 9/11 Lawsuit Against Saudi Arabia
Sep 20 2011 // Lloyd’s London’s Syndicate 3500 filed a notice on Monday, Sept. 19, to voluntarily dismiss its federal lawsuit against Saudi Arabia over 9/11 claims. The lawsuit, first filed on Sept. 8, had asserted that Saudi...
Lloyd’s Channel Syndicate Appoints Campbell to Head Financial Lines Division
Sep 16 2011 // Lloyd’s Channel Syndicate 2015 has appointed Martin Campbell as Head of its Financial Lines Division. He has worked in the London Market for over 20 years and has built a Financial Lines account at previous stages of...
Lloyd’s Syndicate Sues Saudi Arabia for $215M Over 9/11 Claims
Sep 15 2011 // Lloyd’s of London’s Syndicate 3500 filed a federal lawsuit against Saudi Arabia, several Saudi charity and financial organizations and prominent Saudi individuals over 9/11 terror attacks. The insurer said...
Best Affirms Lloyd’s Syndicate 510 and Kiln Group Ratings; Outlook Stable
Sep 15 2011 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating (ICR) of ‘a+’ of Lloyd’s Syndicate 510, which is managed...
Lloyd’s Issues First Direct Insurance Policy in China
Sep 15 2011 // Lloyd’s announced that it has issued its first direct insurance policy in China through its fully owned subsidiary – Lloyd’s Insurance Company (China) Limited, in a move which “marks the next step in...
Business Risk Partners Launches Lloyd’s-Backed Home Inspectors E&O Coverage
Sep 14 2011 // Business Risk Partners has launched a new standard E&O (errors & omissions) policy form for home inspectors. The policy, underwritten by Lloyd’s of London, reflects improvements across the board as a result...
Cantlay to Join AIG-Backed Lloyd’s Syndicate, Ascot, as Executive Director
Sep 12 2011 // Ex-Aon Benfield Chairman Charlie Cantlay is to join the Board of Directors of AIG’s Lloyd’s Syndicate, Ascot Underwriting, as Executive Director starting 3rd October. Ascot manages Lloyd’s Syndicate...
UK Managing General Agents Launch Official Representative Association
Sep 9 2011 // The Managing General Agents’ Association (MGAA), a non-profit making organization founded to represent UK Managing General Agents, was officially launched on the 1st of September with an initial 40 Full Members...
Ratings: Commerce Protective, Stonington/Lantana, Farmers Mutual, One Beacon Lloyd’s, Texas Medical
Sep 8 2011 // A.M. Best Co. has downgraded the financial strength rating to ‘B+’ (Good) from ‘B++’ (Good) and issuer credit rating to ‘bbb-‘ from ‘bbb’ of Pennsylvania-based Commerce...
Best Affirms Markel International’s Ratings; Syndicate 3000; Outlook Stable
Sep 8 2011 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of ‘a+’ of UK-based Markel International Insurance Company...
Best Affirms Ratings of Lloyd’s Syndicate 958 (Omega); Outlook Stable
Sep 7 2011 // A.M. Best Europe – Rating Services Ltd. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of ‘a+’ of Lloyd’s Syndicate 958, which is managed...
English Football (Soccer) Season Kicks Off with Help from Insurance Industry
Sep 1 2011 // English football (soccer) matches resumed at the beginning of August with Manchester United, last season’s Premier League champions, favored to repeat this season. Like its counterparts in the U.S. – major...
Travelers Promotes Lloyd’s Syndicate 5000 Underwriters
Aug 30 2011 // Travelers announced a series of promotions within Travelers Syndicate Management Ltd. (Syndicate 5000), the company’s Lloyd’s operation, “to support long-term development in this important...
Business Risk Partners Launches Lloyd’s-Backed Miscellaneous E&O Form
Aug 19 2011 // Business Risk Partners (BRP) now offers a new standard professional liability (E&O) policy form for hundreds of service professions. Policies will be underwritten by Lloyd’s of London, the company’s partner...
Lloyd’s Marks 100th Anniversary of 1911 Act
Aug 19 2011 // The Lloyd’s web site notes that August 18th was the 100th anniversary of the 1911 Lloyd’s Act, which was instrumental in transforming the market from a primarily marine insurer, to the specialized global risk...
Lloyd’s Levene, Marsh’s Duperreault Assess Insurance Industry
Aug 18 2011 // Two industry heavyweights, Lloyd’s Chairman Lord Peter Levene and Brian Duperreault, President & CEO of Marsh & McLennan Companies, got together at the annual Lloyd’s New York City Dinner at the St...
Lloyd’s Moving to Des Moines
Aug 15 2011 // Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 15, 2011. The content in this issue is not real and is not to be taken seriously. It’s supposed to be humorous....
Mitsui Sumitomo Appoints McDermott Syndicate 3210 Active Underwriter
Aug 12 2011 // Non-life insurer Mitsui Sumitomo at Lloyd’s has appointed Peter McDermott as active underwriter of its Lloyd’s Syndicate 3210 with immediate effect. He reports to, Eamon Brown, and will lead a team that...
Lloyd’s: Drought Caused Subsidence Costliest Natural Hazard in Parts of Europe
Aug 9 2011 // An article on the Lloyd’s web site notes that “news reports on climate change have focused on dire predictions of more hurricanes and increasing flooding due to rising sea levels. But subsidence caused by...
