Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Update: Lloyd’s Insurer Ascot Pauses Writing New Cover for Ukrainian Grain Shipments
Oct 31 2022 // Lloyd’s of London insurer Ascot is suspending writing cover for new shipments using the Ukrainian grains corridor in the Black Sea until it has more clarity about the situation there, a senior official said on...
Dubai Aerospace Sues 11 Insurers, Including Lloyd’s, AIG, Chubb, for Jets Stuck in Russia
Oct 28 2022 // Aircraft leasing firm Dubai Aerospace Enterprise (DAE) has filed a London lawsuit against 11 insurers, including Lloyd’s of London, AIG, Chubb and Swiss Re, two months after it wrote off almost $600 million for 19...
Louisiana’s Donelon Traveling to London to Meet With Lloyd’s
Oct 24 2022 // The Louisiana Department of Insurance (LDI) announced Commissioner Jim Donelon is traveling to London this week to meet with leaders from Lloyd’s of London (Lloyd’s) and the International Underwriting...
People Moves: Munich Re’s Blunck to Succeed Jeworrek Who Is Stepping Down; Lloyd’s Market Association Appoints 3 New Board Members
Oct 20 2022 // The Supervisory Board of Munich Re has appointed Dr. Thomas Blunck (age 57) as the chair of the Reinsurance Committee of the group’s Board of Management with effect from Jan. 1, 2023. He will succeed Dr. Torsten...
Markets/Coverages: Liberty Specialty Markets Launches Project Cargo Consortium at Lloyd’s
Oct 13 2022 // Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance’s Global Risk Solutions division, announced the launch of a new Lloyd’s facility for the London market. The Liberty Project Cargo Consortium...
Lloyd’s Re/Insurer MS Amlin Underwriting Ltd. Promotes Carrier to CEO
Oct 11 2022 // MS Amlin Underwriting Ltd. (MS AUL), the Lloyd’s re/insurer, announced the appointment of Andrew Carrier as chief executive officer. Carrier, currently MS AUL’s chief underwriting officer (CUO), will take up...
Lloyd’s Finds No Evidence of Data Compromise From Cyber Attack
Oct 11 2022 // Lloyd’s of London said on Monday that its investigation into a possible cyberattack had found no evidence of data compromise. “The investigation has concluded that no evidence of any compromise was found and as...
Lloyd’s Probes Possible Cyber Attack
Oct 6 2022 // Lloyd’s of London is investigating a possible cyber attack and has taken initial precautions in response, the re/insurance market has confirmed. “Lloyd’s has detected unusual activity on its network, and...
Ariel Re Obtains Approval to Launch Managing Agent at Lloyd’s
Oct 5 2022 // Ariel Re, a global reinsurance business with offices in Bermuda, London and Hong Kong, has obtained approval to launch a managing agent at Lloyd’s of London. The new managing agency, Ariel Re Managing Agency (ARMA),...
Australia’s AUB Completes Acquisition of Lloyd’s Broker Tysers from PE Firm Odyssey
Sep 30 2022 // Australia’s AUB Group Ltd. (AUB) announced it has completed its acquisition of leading Lloyd’s wholesale broker Tysers from Odyssey Investment Partners. The acquisition, which was first announced in May 2022,...
Louisiana Governor to Meet With Lloyd’s of London
Sep 29 2022 // As Louisiana continues to be plagued by a spiraling insurance crisis, with insurers leaving the state and canceling homeowner policies as thousands of claims remain unpaid following a series of hurricanes, Gov. John Bel...
People Moves: Gallagher Promotes Raven to CEO of Energy Team; SiriusPoint Names Heerasing Active U/W of Lloyd’s Syndicate; WTW Hires 3 Execs for Natural Resources
Sep 26 2022 // This edition of International People Moves details appointments at Gallagher, SiriusPoint and Willis Towers Watson (WTW). A summary of these new hires follows here. Gallagher Promotes Raven as CEO of Energy...
Dale Partners Ltd. Gets Regulatory Nod to Launch Lloyd’s Managing Agency
Sep 22 2022 // Dale Partners Ltd. (DPL) announced it has received approval from the UK Prudential Regulation Authority (PRA), the Financial Conduct Authority (FCA) and Lloyd’s to launch its managing agency, Dale Managing Agency...
Bell Tolls at Lloyd’s for Queen Elizabeth II, Accession of King Charles III
Sep 15 2022 // This morning the Lutine Bell in the Lloyd’s Underwriting Room rang once to mark the death of Her Majesty Queen Elizabeth II and twice for the accession of His Majesty King Charles III. The ceremony was open to all...
Lloyd’s Gives Green Light to Asta-Managed Trium Cyber Syndicate 1322
Sep 14 2022 // Asta, the third-party managing agent at Lloyd’s, announced that Trium Cyber, a new risk carrier backed by Jim Stanard’s Pelican Ventures, has received “in principle” approval from...
Acrisure Receives Nod From Lloyd’s to Launch Syndicate 1985, Managed by Asta
Sep 14 2022 // Asta, the third-party managing agent at Lloyd’s, and Acrisure announced that Lloyd’s has granted “in principle” approval for the launch of Flux Syndicate 1985, which will commence underwriting on...
Catalina Gets Lloyd’s ‘in Principle’ Approval to Launch Asta-Managed Syndicate 3232
Sep 13 2022 // Asta, the third-party managing agent at Lloyd’s, and Bermuda-based Catalina Group, a global provider of legacy reinsurance and capital solutions, announced that Lloyd’s have granted “in principle”...
Lloyd’s Has Strong H1 Underwriting Profit, but Reports Overall Loss on Investment Hit
Sep 9 2022 // While Lloyd’s reported a strong underwriting profit during the first half and its best combined ratio in five years, similar to many insurers, it saw an overall loss as a result of its investments. Underwriting...
Ohio Court: $101 Million Lead Paint Abatement Covered by Lloyd’s Policy
Sep 8 2022 // A court order that requires Sherwin-Williams Co. to pay $101 million into a lead paint abatement fund amounts to “damages” that are recoverable through a Lloyd’s of London insurance policy, an Ohio...
Westfield Enters International Specialty Market With Purchase of Argo’s Lloyd’s Syndicate
Sep 8 2022 // Westfield said it has expanded into the international specialty insurance market by buying Lloyd’s Syndicate 1200 from Argo Group International Holdings for about $125 million. The acquisition is expected to close...
