Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Business Moves
Jun 6 2011 // Acentria, Jim Harris Destin, Florida-based insurance agency Acentria has acquired Jim Harris & Associates, Inc., with offices in Mary Esther and Crestview. The office in Mary Esther will remain open until August and...
Aon Benfield Publishes Report on Lloyd’s
Jun 1 2011 // Aon Benfield’s Analytics’ Market Analysis team has launched its latest Lloyd’s Update report, covering the market’s financial performance in 2010 and business position in 2011. Key findings...
Brit Opens Lloyd’s Service Company in Australia
Jun 1 2011 // Brit Insurance, which is domiciled in the Netherlands and headquartered in London, announced the opening of a new Lloyd’s service company in Sydney, Australia. The bulletin noted that the new facility follows...
Lloyd’s Market Association Elects New Board Members
May 26 2011 // The Lloyd’s Market Association (LMA) has announced the results of its Board election 2011 at its Annual General Meeting. The newly elected board members were listed as follows: Neil Maidment, Chairman of the Group...
Purm Jr. to Lead Argo’s New Brazil Insurance Operations
May 26 2011 // The Bermuda-based Argo Group International Holdings announced that Pedro Purm Jr. has been selected to serve as CEO of its commercial property and casualty insurance operations in Brazil. He “will oversee the...
White Mountains’ Sirius to Launch Lloyd’s Syndicate
May 23 2011 // White Mountains Re Ltd. reports that its Sirius International Insurance Corp. affiliate has received approval in principle from the Lloyd’s Franchise Board to establish Lloyd’s Syndicate 1945. Syndicate 1945...
Lloyd’s Ark Syndicate Moves to ‘All in One’ Electronic Claims
May 19 2011 // Slowly, but surely the electronic revolution is gaining ground at Lloyd’s and throughout the London market generally. Ark Syndicate Management Limited at Lloyd’s became the latest to make the jump with the...
Ryan Specialty Group to Buy Lloyd’s Insurer Jubilee
May 18 2011 // Chicago-based insurance holding company Ryan Specialty Group, LLC (RSG) has agreed to acquire specialist Lloyd’s insurer Jubilee Group Holdings Limited. Jubilee Group Holdings owns Jubilee Managing Agency Limited and...
Lloyd’s Estimates Losses from Q1 Disasters at $3.8 Billion
May 13 2011 // After careful calculation Lloyd’s has announced its estimated net claims before tax from the earthquakes this year in Japan and New Zealand and the January 2011 floods in Australia. The current net estimates were...
Lloyd’s Market Association Questions Aspects of FSA Regulatory Reform
Apr 29 2011 // In a response to the proposals to restructure the UK’s financial regulations the Lloyd’s Market Association (LMA) has taken issue with some of the proposals, which, in its view are “over-engineered”...
Lloyd’s on Coverage for Royal Wedding Celebratory ‘Street Parties’
Apr 29 2011 // The Royal Wedding today at Westminster Abbey has virtually taken over the UK, as millions of residents plan local celebrations in honor of the Prince William and Kate Middleton’s marriage. According to , “it is...
Cooke to Head Lloyd’s Marketform Marine Cargo Underwriting
Apr 28 2011 // London-based specialist Lloyd’s insurer Marketform announced that experienced London Market underwriter Gary Cooke will join the company effective June first, as head of Marine Cargo Underwriting. “After two...
Best Comments on Chaucer and Lloyd’s Syndicate 1084 Ratings
Apr 22 2011 // A.M. Best Europe – Rating Services Limited has commented that the financial strength rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 1084 the ICR of...
Lloyd’s Insurer Chaucer Endorses The Hanover’s Takeover Bid
Apr 20 2011 // Lloyd’s insurer Chaucer plc has issued a statement endorsing the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Chaucer by 440 Tessera Limited (BidCo), a...
Lloyd’s Insurer Sportscover Expands; Blunt to Underwrite Bloodstock
Apr 19 2011 // Lloyd’s insurer Sportscover has taken another step in its plans for expansion with the announcement that it has appointed a “highly respected Bloodstock underwriter, Robin Blunt.” He has been in the...
Lloyd’s Chairman Levene to Retire; Nelson Named to Replace Him
Apr 18 2011 // The Council of Lloyd’s has announced that John Nelson is to be appointed as the next Chairman. He will take up the position in October of this year, succeeding current Chairman Lord Peter Levene, who has served in...
Mitsui Sumitomo at Lloyd’s to Expand into Ireland
Apr 18 2011 // Mitsui Sumitomo at Lloyd’s confirmed that it is to establish branches in Dublin and Belfast as part of its expansion plans. The new operation will be headed by Alan Shiel, formerly the Ireland Country Manager at...
Web Exchange
Apr 18 2011 // Podcast Highlights Lloyd’s on 2010 Results, Japan, What’s Ahead Luke Savage, director of Finance, Risk Management and Operations for Lloyd’s of London, speaks with IJ’s Charles Boyle about...
Ratings Roundup: Syndicate 382/Hardy, Samsung Europe
Apr 7 2011 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 382, which is...
Lloyd’s Chaucer in Deal for First Russian Coverholder
Apr 6 2011 // Chaucer Syndicates Limited announced a new partnership with Nakhodka Re in Moscow and RFIB Ltd in London to launch SeaLine, as the first Lloyd’s coverholder in Russia. “Chaucer and RFIB acted as sponsors to...
