Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Lloyd’s Signs on to ‘ClimateWise’
Sep 14 2007 // Lloyd’s announced that it is joining a number of leading insurers, reinsurers and brokers in signing on to the “ClimateWise principles.” Lloyd’s described the initiative as a “major...
RI3K Launches New London Market E-Message Service
Sep 12 2007 // London-based service provider RI3K announced the completion of its new message service for the insurance and reinsurance industry, following extensive trials to assure that “it is scalable, secure and fit for...
Guy Carpenter Publishes New Lloyd’s Market Report
Sep 11 2007 // Guy Carpenter & Company, LLC has released “The Lloyd’s Market in 2007,” its fifth annual review of Lloyd’s financial and operational performance. Overall Lloyd’s is probably in the...
Lloyd’s Dinner Features Lord Levene, NATO Head on Global Concerns
Sep 7 2007 // Lloyd’s held its fifth “Annual City Dinner” on Wednesday night, Sept. 5. A cross section of business and government leaders in attendance heard from Lloyd’s Chairman Lord Levene and the Secretary...
Best Downgrades Lloyd’s Syndicate 1414 Ratings
Sep 4 2007 // A.M. Best Co. has downgraded the its Syndicate Rating to “A” (Excellent) from “A+” (Superior) and the issuer credit rating (ICR) to “a+” from “aa-” of Lloyd’s Syndicate...
Lloyd’s Donates $110,000 to International Alert Peace Fund
Aug 31 2007 // Lloyd’s Charities Trust announced that it plans to donate £50,000 ($110,000) to “a unique fund set up by International Alert to aid companies operating in conflict areas around the world.” The...
Lloyd’s to Unveil New Marine Policy Contract Wordings
Aug 22 2007 // Lloyd’s announced that “experts from across the Lloyd’s and London markets are set to unveil a suite of new contract wordings for the marine market in the coming weeks and months.” Spurred by the...
Mass. Court Rules Excess Insurer Not Bound by Primary Insurer Settlement
Aug 7 2007 // An insurer of a so-called “follow form” excess policy is not bound by the decision of a primary insurer to settle a claim, the Massachusetts Supreme Judicial Court has ruled. The state’s highest court...
Lloyd’s America’s Baker: Time for action on climate change is now
Aug 6 2007 // For an insurer, understanding climate change is a matter of understanding trends in risk and changes in those trends. For Wendy Baker, president of Lloyd’s Amer-ica Inc., staying on top of those trends in the United...
Lloyd’s CEO Puts the Hammer Down
Jul 12 2007 // “I have no doubt that there is a shared will in the market to improve our processes and much progress has been made,” stated Lloyd’s Chief Executive Richard Ward in response to a letter sent to the market...
Lloyd’s Ascot Launches Renewable Energy Insurance Program
Jul 6 2007 // Lloyd’s Ascot Underwriting, which operates Syndicate 1414 and is backed by AIG, announced the establishment of its new renewable energy operation, Renewco Underwriting. Ascot described Renewco as the “first...
Lloyd’s Enables Advanced Slip Checking Technology
Jun 28 2007 // In a further move to bring its processing operations into the 21st Century, Lloyd’s announced that it has “teamed up with Adsensa – one of the London Market’s leading suppliers of slip and policy...
Lloyd’s Profiles FBI’s ‘Man in London’
Jun 26 2007 // Although it’s fairly well known that the U.S. maintains a number of law enforcement offices and personnel around the world, it’s rare to get a close-up interview with an actual agent. Lloyd’s has managed...
Guy Carpenter Set to go Electronic on All Lloyd’s Claims
Jun 21 2007 // Guy Carpenter & Company, Marsh & McLennan’s risk and reinsurance specialist, announced plans to mandate the use of Electronic Claims File (ECF) for in-scope claims for all Lloyd’s markets from January...
Montpelier Re Launches New Lloyd’s Syndicate; S&P Comments
Jun 21 2007 // Bermuda’s Montpelier Re Holdings Ltd. announced that it has received approval from Lloyd’s for the commencement of trading on July 1, 2007 of a new Syndicate, to be known as Montpelier Syndicate 5151, pseudonym...
IMB Warns of Horn of Africa Piracy Perils; Lloyd’s Reaction
Jun 20 2007 // The ICC International Maritime Bureau (IMB) has issued an alert to all sea traffic off the Horn of Africa. “Heavily armed pirates are subjecting vessels to violent attacks while in international waters,” said a...
Ribeiro Named New Lloyd’s Director – International Markets
Jun 14 2007 // Lloyd’s has appointed Jose Ribeiro, currently Willis’ Managing Director for Latin America and the Caribbean, as its new Director of International Markets and Business Development. He assumes responsibility...
UK Committee Adopts Contract Certainty Code of Practice
Jun 14 2007 // Under the latest phase of the UK’s drive to embed contract certainty into the day-to-day processes of its insurance industry, the Contract Certainty Steering Committee (CCSC) has published a code of practice designed...
Lloyd’s Settles Dispute with Aon, Benfield over Central Fund Policy
Jun 11 2007 // Lloyd’s announced that it has reached a settlement with brokers Aon and Benfield of litigation centering on the placement terms of the New Central Fund insurance policy, issued in 1999. Benfield made a similar...
Lloyd’s to Issue Tier 1 Subordinated Debt; S&P, Best Ratings
Jun 7 2007 // Lloyd’s announced plans to “return to the debt markets with a benchmark issue of Tier 1 perpetual subordinated debt.” The bulletin said the “issue will give greater flexibility and liquidity to...
