Latest Lloyd's Headlines

Bay Area Man Sentenced for Selling Fake Policies

Mar 15 2007 // A former insurance broker/agent has been sentenced to 10 years in prison for the sale of approximately $6 million worth of fake insurance policies the broker falsely claimed were underwritten by Lloyd’s of London,...

Lloyd’s Chairman Revues Asia’s Growth Prospects in Singapore Speech

Mar 12 2007 // Lord Peter Levene, Chairman of Lloyd’s, reminded an appreciative audience in Singapore that “Asia is an exciting place to be right now. Its expertise and knowledge, combined with its vast population and low...

Lloyd’s, FSA Approve Pembroke Managing Agency for Quanta

Mar 5 2007 // Bermuda-based Quanta Capital Holdings Ltd. announced that it has entered into definitive agreements with Chaucer Holdings PLC, the specialty Lloyd’s insurer, and the senior underwriting team of Syndicate 4000,...

Aon CEO Stresses Lloyd’s Need for ‘Speed of Access’

Mar 5 2007 // Greg Case, Aon’s president and CEO, told an attentive London audience (as summarized on the Lloyd’s web site – www.lloyds.com) that the City would retain its pre-eminence in the global risk and insurance...

Lloyd’s Launches Malaysian Subsidiary

Mar 1 2007 // Lloyd’s Chairman Lord Peter Levene made a trip to Malaysia’s capital Kuala Lumpur to help launch the London Market’s new subsidiary there, Lloyd’s Labuan Limited, and the upgrading of its...

Lloyd’s Hardy Licenses Use of AIR’s Cat Models

Feb 28 2007 // Boston-based AIR Worldwide Corporation announced that Hardy (Underwriting Agencies) Limited, a subsidiary of Hardy Underwriting Group plc, has licensed AIR’s catastrophe risk management systems. Hardy, a prominent...

Lloyd’s Raises Novae Syndicate Assessment To ‘2+’; Outlook Stable

Feb 20 2007 // Standard & Poor’s Ratings Services has raised its Lloyd’s Syndicate Assessment (LSA) on London-based Novae – Syndicate 2007 to ‘2+’ from ‘2’ and assigned a stable...

Lloyd’s climbs on the climate change bandwagon

Feb 12 2007 // There’s little doubt that the world is getting warmer. But this raises more questions. To what extent are greenhouse gasses, particularly CO2, responsible? Will the warming trend continue? Are there any effective...

Lloyd’s climbs on the climate change bandwagon

Feb 11 2007 // There’s little doubt that the world is getting warmer. But this raises more questions. To what extent are greenhouse gasses, particularly CO2, responsible? Will the warming trend continue? Are there any effective...

Council of Lloyd’s Confirms Member Appointments

Feb 7 2007 //

Electronic Trading/Processing Surges at Lloyd’s

Feb 5 2007 // “A quarter of all premium transactions in the London market are expected to be handled electronically by the end of the month,” said a recent bulletin on the Lloyd’s web site (www.llloyds.com). The...

S&P Publishes Lloyd’s Syndicate Review

Jan 29 2007 // Standard & Poor’s Ratings Services reported that it has preliminarily reviewed its Lloyd’s Syndicate Assessment (LSA) coverage for 2007. S&P said it will “undertake a full review of the LSAs...

Bank of America Expands U.S. Insurance Operation with Lloyd’s

Jan 29 2007 // BA International Underwriters Ltd, a wholly-owned subsidiary of Banc of America Insurance Group, in conjunction with Lloyd’s of London, has established the Pembrace Casualty Insurance Syndicate to expand Bank of...

People and Places

Jan 29 2007 // Citizens Property Insurance Corp.’s board of governors voted unanimously to recommend interim President Scott Wallace be appointed to the post permanently. Wallace was selected from more than 70 candidates by a...

Jan 28 2007 // People Citizens Property Insurance Corp.’s board of governors voted unanimously to recommend interim President Scott Wallace be appointed to the post permanently. Wallace was selected from more than 70 candidates by...

People

Jan 28 2007 // Lloyd’s of London announced that Julian James, its director-worldwide markets, will be leaving at the end of April to join Lockton International. James has been responsible for all Lloyd’s commercial activities...

AAMGA Leaders Conclude ‘Fact-Finding’ London Trip

Jan 26 2007 // Insurance may be local, but it doesn’t have to be handled exclusively in the state, or even the country, where it’s needed. For the surplus lines market that means Lloyd’s, which explains the annual visit...

Best Affirms Lloyd’s Syndicate 570 Ratings

Jan 26 2007 // A.M. Best Co. has affirmed the Best’s Syndicate Rating of “A” (Excellent) and the issuer credit rating of “a+” of Lloyd’s Syndicate 570, which is managed by Atrium Underwriters Limited,...

Best Affirms Lloyd’s Syndicate 609 Rating; Atrium’s ICR

Jan 26 2007 // 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 609, which is managed by Atrium Underwriters...

Lloyd’s Chairman Praises Indian Initiative to Open Markets

Jan 19 2007 // Gordon Brown, The UK’s Chancellor of the Exchequer (Finance Minister) and odds-on favorite to succeed Tony Blair as Prime Minister, has apparently come away with some success during his working visit to...