Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Casino Magnate Wynn Pokes Lloyd’s Over Damaged Picasso Offer
Jan 15 2007 // The casino magnate who accidentally poked a hole in a Picasso painting said insurer Lloyd’s of London has offered to settle his $54 million claim of lost value, but the talks aren’t going the way he’d...
James Leaving Lloyd’s for Lockton
Jan 15 2007 // Lloyd’s has announced that Julian James, its director of Worldwide Markets, will be leaving at the end of April to join Lockton International. Lloyd’s CEO Richard Ward, issued a written statement, distributed...
Best Affirms Lloyd’s Syndicate 2007 Ratings; Syndicate 1007 Withdrawn
Jan 15 2007 // A.M. Best Co. has affirmed its Syndicate Rating of “A” (Excellent) and the issuer credit rating of “a” of Lloyd’s Syndicate 2007 (formerly known as Lloyd’s Syndicate 2147), managed by...
Lloyd’s Chief Says Insurers Must Take Action on Climate Change Issues
Jan 12 2007 // Insurers must address global climate change as they cope with the growing cost of extreme natural disasters, said Lord Peter Levene, chairman of Lloyd’s, the London insurance market. “We cannot risk being in...
Tony Markel Comments on Lloyd’s
Jan 10 2007 // Tony Markel, president and COO of Markel Corporation, has expressed his satisfaction at the progress Lloyd’s has made and the London market’s current strong financial condition. In a comment on the...
Best Affirms Lloyd’s Syndicate 382 Ratings; Assigns Ratings to Hardy Underwriting Group
Jan 9 2007 // A.M. Best Co. has affirmed the financial strength rating of “A” (Excellent) and the issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 382, managed by Hardy (Underwriting Agencies) Ltd....
Mitsui Establishes Lloyd’s Agency
Jan 8 2007 // Mitsui Sumitomo Insurance Underwriting at Lloyd’s Ltd. (MSI) has launched its own Lloyd’s managing agency. According to a bulletin on the Lloyd’s web site (www.lloyds.com) it’s the first Japanese...
Former R.I. Gov. Sundlun and Lloyd’s at odds
Jan 8 2007 // The London insurance market Lloyd’s has sued former Rhode Island Gov. Bruce Sundlun, accusing him of failing to pay about $300,000 in principal and interest. But Sundlun says he doesn’t owe Lloyd’s any...
Former R.I. Gov. Sundlun and Lloyd’s at odds
Jan 7 2007 // The London insurance market Lloyd’s has sued former Rhode Island Gov. Bruce Sundlun, accusing him of failing to pay about $300,000 in principal and interest. But Sundlun says he doesn’t owe Lloyd’s any...
Lloyd’s Endorses New Reinsurance Dispute Resolution Protocol
Jan 3 2007 // Lloyd’s has endorsed a new International Reinsurance Industry Dispute Resolution Protocol, which it notes “provides the insurance industry with an alternative to a court case or a lengthy arbitration if a...
Lloyd’s Comments on ‘Quiet’ 2006 Hurricane Season
Dec 29 2006 // Munich Re isn’t the only major insurance organization to express the industry’s collective sigh of relief as the year 2006 expires with relatively few major catastrophe losses (See related article above)....
Lloyd’s ECF System Moves Forward
Dec 28 2006 // Lloyd’s has announced that all of its “managing agents writing subscription business who would use the new Electronic Claims File [ECF] initiative have agreed to the rules governing the...
Lloyd’s Sues Former R.I. Gov. Sundlun, Who Denies Owing Funds
Dec 27 2006 // The London insurance market Lloyd’s has sued former Rhode Island Gov. Bruce Sundlun, accusing him of failing to pay about $300,000 in principal and interest. But Sundlun says he doesn’t owe Lloyd’s any...
Best Affirms Lloyd’s Adriatico ‘A+’ Ratings
Dec 26 2006 // A.M. Best Co. has affirmed the financial strength rating of “A+” (Superior) and the issuer credit rating of “aa-” of Italy’s Lloyd Adriatico S.p.A., a subsidiary of Allianz SE (See related...
Changing Reinsurance Rules
Dec 25 2006 // In March, Lloyd’s Chairman Lord Peter Levene finally got the attention of U.S. regulators. At a meeting in Florida, the National Association of Insurance Commissioners agreed to set up a task force, chaired by...
Climate change, reinsurance and Lloyd’s made worldwide headlines in 2006
Dec 25 2006 // Climate change or global warming is the 800-pound gorilla in the insurance industry. More reports this year added to the growing body of evidence that the planet is heating up, and potential disasters on a global scale are...
Lloyd’s Insurers Boost U.S. Presence
Dec 25 2006 // They’ve long had the expertise. Now they have the money and the technology to go with it. A number of U.K. insurers, who started at Lloyd’s, continued to expand their U.S. presence in 2006, mainly in the...
4. Lloyd’s Insurers Boost U.S. Presence
Dec 24 2006 // They’ve long had the expertise. Now they have the money and the technology to go with it. A number of U.K. insurers, who started at Lloyd’s, continued to expand their U.S. presence in 2006, mainly in the...
2006:a big year for P&C buyers and sellers of all shapes and sizes
Dec 24 2006 // JANUARY Hallmark Acquires Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation insurance products. Hallmark underwrites...
Climate change, reinsurance and Lloyd’s
Dec 24 2006 // N1 36 Poizner poised to lead Insurers hope for friendlier climate 40 Electronically stored information Agents must heed new rules 10 Calif.’s uninsured motorists
