Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Starr Teams up with Talbot, QBE for Construction Risks through Lloyd’s
Jul 1 2009 // Starr Underwriting Agents Limited and Starr Specialty Lines Insurance Agency, LLC, both subsidiaries of C. V. Starr & Co., Inc. announced that they can now offer additional capacity of up to $75 million “through...
This is It: Massive Headache for Jackson Concert Series Promoters
Jun 29 2009 // It was to be the comeback of the young century: Michael Jackson using the “This is It” tour to retake his throne as King of Pop, lord of the dance and darling of the masses. What grander stage than London for...
S&P, Best Rate Beazley’s Holding Co.
Jun 10 2009 // Standard & Poor’s Ratings Services announced that it has assigned its ‘BBB+’ long-term counterparty credit rating to Beazley PLC, the Jersey-domiciled and Irish-tax resident, ultimate holding company...
Argo Renames Lloyd’s Business as ‘Argo International;’ Enoizi New CEO
Jun 3 2009 // The Bermuda-based Argo Group International Holdings announced that its Lloyd’s operation, Heritage Managing Agency Ltd., has been renamed Argo Managing Agency Ltd. and will conduct business under the brand name of...
Lloyd’s CEO Says Insurance May Play ‘Bigger Role’ in Poor Regions
Jun 2 2009 // Lloyd’s CEO Richard Ward, in a speech given to a meeting in Tokyo of the Geneva Association, the organization for the study of insurance economics today, called for insurance to play a bigger role in providing vital...
Report Analyzes Threat to U.S. Coastlines
May 18 2009 // Lloyd’s of London has issued a summary of a report – “Resilient Coasts: a Blueprint for Action” – originally prepared by the Heinz Center and Ceres, which analyzes the threat to U.S....
Montpelier Re Launches Lloyd’s Marine Unit
May 15 2009 // Bermuda-based Montpelier Re Holdings Ltd. announced that Montpelier Syndicate 5151 will begin underwriting marine insurance business in August 2009. “The new marine account will consist of hull, cargo and specie...
Ratings: Allstate, Arrowhead, Nat’l. Lloyd’s/Summit, ISMIE Mutual, Greenville Casualty, Un. Farm Indiana
May 13 2009 // Standard & Poor’s Ratings Services has assigned its ‘A-‘ senior debt rating on Allstate Corp.’s (ALL) recently priced senior debt issue. S&P also affirmed its ‘A-‘ counterparty...
U.K.’s Marketform Group Launches Five New Classes of Business
May 12 2009 // The London-based Marketform Group Limited, a leading market for non-US medical malpractice and other specialty lines, has announced that it is now underwriting five new classes of business. Chairman Holly Bellingham...
Best Rates Lloyd’s Syndicates 382 (Hardy) and 1225 (AEGIS)
May 8 2009 // Syndicate 382 – Hardy Underwriting A.M. Best Co. has affirmed the Best’s Syndicate Rating of ‘A ‘(Excellent) and the issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 382,...
Lloyd’s Experts Analyze Solutions to Thwart Somali Pirates
May 6 2009 // “Piracy in the Gulf of Aden and off the coast of Eastern-Africa is increasing. By the end of April there had been 79 attempted and completed hijacks by Somali pirates this year,” notes an article on the...
Lloyd’s to Buy Back $151.7 Million of Debt Securities
May 1 2009 // Lloyd’s announced that it will repurchase the local currency equivalent of £102 million ($151.67 million) of its outstanding debt securities, following its invitation to holders to submit offers to sell their...
Lloyd’s Report Links Climate Change to National Security Threats
Apr 29 2009 // While the economic crisis and the growing swine flu menace have become the biggest immediate concerns for countries around the world, climate change remains the greatest long term threat. Its impact will continue to be...
Ratings Roundup: Lloyd’s (debt), PartnerRe, Pacific Int’l., Amerinst
Apr 29 2009 // A.M. Best Co. has commented that its ratings of Lloyd’s of London, Lloyd’s Reinsurance Company (China) Limited, the Society of Lloyd’s and of debt issued by the Society remain unchanged following the...
Max Capital Appoints Hatto, Sprowson as Lloyd’s Underwriters
Apr 27 2009 // The Bermuda-based Max Capital Group announced the appointment of two senior underwriters – Clive Hatto and Hugh Sprowson – by Max at Lloyd’s Ltd, the Lloyd’s managing agent for Syndicates 1400, 2525...
Lloyd’s Offers to Buy Back Debt at Discount
Apr 22 2009 // Citing a strong capital position and current market conditions, Lloyd’s of London has offered to buy back up to 100 million pounds ($145 million) worth of bonds at a discount. The offer applies to fixed/floating rate...
Lloyd’s Opens First Office in Brazil
Apr 17 2009 // Lloyd’s opened its office in Brazil on Thursday, April 16, a year after receiving approval from the Superintendence of Private Insurance (SUSEP) to become the first admitted reinsurer in the country. Lloyd’s...
Xchanging Expands Abroad after London Success
Apr 16 2009 // “We’ve experienced good growth over the last ten years, and we’re looking to expand further,” said Stewart McCulloch, head of UK and insurance operations for London-based service provider...
Lloyd’s Finds Insurance Increasingly Important for Rock ‘n’ Roll Band Tours
Apr 15 2009 // An article on the Lloyd’s web site (www.lloyds.com) analyzes the stepped up need for insurance coverage when mega-rock bands like U2 go on tour. The Irish band is slated to begin its latest series of concert dates,...
Lord Levene Discusses Protectionism, Recession in Bloomberg Interview
Apr 6 2009 // Lloyd’s Chairman, Lord Peter Levene, has given his views on protectionism, regulation, recession and tomorrow’s world order in an interview on Bloomberg TV. He also “assessed the mood of the G20 leaders,...
