Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
News Briefs
Sep 19 2005 // European Insurers Estimate Katrina Losses: A disaster the scope of Hurricane Katrina hits everybody, not just U.S. carriers. The following are some of the preliminary estimates of anticipated losses from a number of...
Lloyd’s Estimates Katrina Impact at $2.54 Billion
Sep 15 2005 // Following a review by all of its 44 managing agents, who operate its 62 active syndicates, Lloyd’s issued a bulletin indicating that its preliminary estimate of losses from Hurricane Katrina are approximately 1.4...
Kinnect’s Leaders Resign; Lloyd’s IT Platform to Undergo “Recoding”
Sep 15 2005 // Lloyd’s spokesperson Louise Shield confirmed that Toby Davies, the CEO of its Kinnect IT platform, and Iain Saville, the project’s Executive Chairman, have both stepped down, effective Sept. 14. Shield noted...
Best Takes Various Rating Actions in Wake of Katrina
Sep 15 2005 // Due to the evolving effects of Hurricane Katrina, A.M. Best Co. has been aggregating public and private information in order to assess the financial impact it will have on insurers. A.M. Best expects all rated companies...
S&P Puts 10 Insurers on “Katrina” CreditWatch/Negative
Sep 12 2005 // Standard & Poor’s Ratings Services announced that it has placed its ratings on 10 interactively rated insurance and reinsurance groups on CreditWatch with negative implications due to their possible...
Lloyd’s Notice on Katrina Policies
Sep 6 2005 // Lloyd’s has issued the following statement regarding policies and claims related to losses from Hurricane Katrina: “Lloyd’s policyholders affected by Hurricane Katrina with questions about their insurance...
Lloyd’s of London Finds its 21st Century Form
Sep 5 2005 // Lloyd’s is 317 years old and doing just fine thank you. London’s venerable insurance market traces its roots to the establishment of Edward Lloyd’s coffeehouse in 1688. It’s an icon of both...
Lloyd’s of London Finds its 21st Century Form
Sep 5 2005 // Lloyd’s is 317 years old and doing just fine thank you. London’s venerable insurance market traces its roots to the establishment of Edward Lloyd’s coffeehouse in 1688. It’s an icon of both...
News Briefs
Aug 22 2005 // ALABAMA Hurricane Sales Tax Measure Dies An effort was mounted during Alabama Legislature meetings to grant a sales tax break on necessary supplies to prepare for a hurricane but the measure did not pass. Its sponsor Rep....
A.M. Best Affirms ‘A’ Excellent Rating for Lloyd’s
Jul 27 2005 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of ‘a’ of Lloyd’s of London. At the same time, A.M. Best has affirmed the ‘a-‘ ICR of the...
Crane Co. Settles Asbestos Claims with Lloyd’s Reinsurer Equitas for $33 Million
Jul 25 2005 // Crane Co., a Stamford, Conn. manufacturer of engineered industrial products, has agreed to settle its insurance coverage claims for asbestos and other liabilities against underwriters at Lloyd’s of London reinsured...
Carney Operators Conned: Ky. Warns of Bogus Llyod’s Policies
Jul 15 2005 // Carnival and circus owners and others involved in the amusement industry are being warned to verify the status of insurance coverage, according to the Kentucky Department of Agriculture and the Kentucky Office of...
Best Affirms FSR for Lloyd’s Syndicate 1084; Outlook Stable
Jul 13 2005 // 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 1084 (United Kingdom). At the same time, A.M. Best has affirmed...
Lloyd’s Licenses RMS Catastrophe Modeling Software
Jul 12 2005 // Risk Management Solutions (RMS) announced that Lloyd’s has licensed the RiskLink catastrophe modeling software which will be used by the Loss Modeling team. This license agreement is a testament to the continuing...
Best Affirms Markel’s Lloyd’s Syndicate 3000 Ratings
Jul 1 2005 // A.M. Best Co. announced that it has affirmed its Syndicate Rating of “A” (Excellent) and the issuer credit rating of “a” of Lloyd’s Syndicate 3000 which is managed by Markel Syndicate...
People
Jun 20 2005 // Gerald O’Neill has been named NBIS vice president of underwriting. O’Neill comes to NBIS with more than 20 years of insurance experience in the brokerage and reinsurance community. O’Neill has held...
St.Paul/Travelers Signs up for Lloyd’s Kinnect Platform
Jun 8 2005 // St Paul/Travelers (SPT) has become the latest Lloyd’s market insurer to pledge its support for the Kinnect electronic platform that has been in development for the last three years. The SPT division, which operates...
Susan Kearney
Jun 6 2005 // Mark Hagan Gerald O’Neill Venture Programs, a national provider of insurance programs based in West Chester, Pa., has promoted two senior staff members to vice president positions. Susan Kearney was appointed vice...
People
Jun 6 2005 // Venture Programs, a national provider of insurance programs based in West Chester, Pa., has promoted two senior staff members to vice president positions. Susan Kearney was appointed vice president of Venture Hospitality,...
People
Jun 6 2005 // Higginbotham & Associates, a privately held insurance brokerage firm based in Fort Worth, Texas, named commercial property and casualty broker Scott Fitzgerald as vice president to reflect his increased 2004 sales...
