Best Read Lloyd's Headlines
Headlines from our Lloyd's Topic Page with the most time spent reading.
#1 New York Law Bars Subrogation by Lloyd’s in LaGuardia Project, Appeals Court Affirms
Dec 13 2023 // A federal appeals court has declared that New York law prevents Lloyd’s from recovering some loss payments from Zurich American because Zurich’s insured was also an insured of Lloyd’s in a case involving...
#2 People Moves: Papanikolaou to Succeed Mueller as AGCS CEO and Will Lead Allianz Commercial; May Promoted to CEO of Lloyd’s Europe as Breitburd Steps Down
Dec 11 2023 // This edition of International People Moves details appointments at Allianz Global Corporate & Specialty SE (AGCS) and Lloyd’s Europe. A summary of these new hires follows here. Papanikolaou to Succeed Mueller as...
#3 CFC Executives Walsh and Newman to Step Down After Lloyd’s Misconduct Probe
Nov 29 2023 // CFC, the London-based managing general agent, announced that its founder and group CEO, David Walsh, and Graeme Newman, CEO of CFC Underwriting, will be exiting the company following the completion of an investigation by...
#4 Lloyd’s Leads Insurers in Raising Rates, Cutting Taiwan Cover as Conflict Risks Rise
Aug 10 2023 // Lloyd’s of London underwriters are leading insurers in raising rates and cutting the amount of cover they offer for risks involving Taiwan as concerns grow over possible military action by China, industry sources...
#5 Lloyd’s Extends Lease on Iconic London Headquarters Until 2035
Dec 18 2023 // Society of Lloyd’s, better known as Lloyd’s of London, has reached an agreement to remain in its One Lime Street headquarters until at least 2035, the Financial Times reported. The deal with landlord Ping An...
#6 Lloyd’s to Invest $65M in Regions Affected by Transatlantic Slave Trade
Nov 8 2023 // Lloyd’s of London will invest 40 million pounds ($49.6 million) in regions affected by the transatlantic slave trade, it said on Wednesday, after a report showed the commercial insurance market had strong links to...
#7 Lloyd’s Reports Banner Year in 2023 but ‘Disciplined Underwriting’ Must Be Maintained
Mar 11 2024 // Lloyd’s strong 2023 results reaffirm the primacy of underwriting, “but it’s one year and therefore not a reason for complacency,” said Patrick Tiernan, chief of markets, in a market message to...
#8 Global Fears Are Feeding Demand for Lloyd’s of London Insurance, CEO Says
Sep 7 2023 // Growing fears about the state of the world are pushing more people to take out insurance even as prices rise, Lloyd’s of London Chief Executive Officer John Neal said. Rising inflation, recession worries, climate...
#9 Lloyd’s Syndicate Probitas 1492 to Launch Special Purpose Arrangement in 2024
Sep 8 2023 // Lloyd’s syndicate Probitas 1492 has announced the launch of a special purpose arrangement (SPA) for the 2024 year of account (YOA), after receiving in-principle approval from Lloyd’s. The SPA, called “AdA...
#10 UK Insurer Aviva Eyes Lloyd’s of London Entry, Posts Above-Forecast H1 Profit
Aug 16 2023 // Aviva posted an above-forecast rise in first-half operating profit on Wednesday, helped by strong performance in general and health insurance, and its chief executive said the insurer was interested in entering the...
#11 Court Orders Texas Adjuster to Cease Using Lloyd’s Trademarked Names
Feb 9 2024 // A Texas public adjuster committed willful infringement when he formed a corporation and a limited liability company with the names “Certain Underwriters at Lloyds London, Inc.” and “Certain Underwriters...
#12 Markets/Coverages: New Lloyd’s Syndicate Provides E&S Cover for Calif. Wildfire Risks
Jul 26 2023 // Wildfire Defense Systems Inc., Polo Managing Agency Ltd. (PMA) and Aon, announced Lloyd’s has approved the launch of Wildfire Defense Syndicate 1996, which started underwriting on July 1, 2023. Created under...
#13 Baltimore Bridge May Trigger Historic Marine Loss, Lloyd’s of London Says
Mar 28 2024 // Insurance payouts for Tuesday’s collapse of the Francis Scott Key Bridge in Baltimore could be among the largest ever in marine insurance, according to Lloyd’s of London Chief Executive Officer John...
#14 Citgo Wins $54M from Lloyd’s Insurers After Oil Seized by Venezuela Government
Dec 21 2023 // (Bloomberg) — Citgo Petroleum Corp. was awarded an insurance payment of more than $54 million for almost 1 million barrels of crude seized by the Venezuelan government. A jury in federal court in Manhattan decided...
#15 Lloyd’s Adds Guyana to Risky Shipping List Amid Escalating Dispute With Venezuela
Dec 19 2023 // One of the world’s most-influential insurance markets added Guyana to its list of the riskiest shipping zones amid an escalating territorial dispute with neighboring Venezuela. The decision announced by Lloyd’s...
#16 Update: Ukraine Launches Grain Insurance Program With Marsh McLennan, Lloyd’s
Nov 15 2023 // Ukraine is starting an insurance program with broker Marsh McLennan and Lloyd’s of London to provide cover for grain vessels sailing from Ukraine’s deep-sea ports, just days after a ship was hit by a Russian...
#17 Agile Underwriting Gets ‘In-Principle’ Approval to Launch Lloyd’s Syndicate
Mar 18 2024 // Agile Underwriting Services has received “in-principle” approval from Lloyd’s to create Agile Syndicate 2427, subject to regulatory approvals. Syndicate 2427 will be established under the...
#18 Global Economic Losses From Extreme Weather Could Hit $5 Trillion: Lloyd’s
Oct 11 2023 // Global economic losses could reach $5 trillion under a “plausible increase” in extreme weather events linked to climate change that cause crop failures and food and water shortages, insurance marketplace...
#19 London Defers Tallest Tower Decision Amid Neighbors’ Objections, Including Lloyd’s
Jul 3 2024 // The City of London Corporation deferred a vote on plans for a new 73-story office tower next to the Gherkin that’s set to become the tallest building in the historic financial district. The City Corporation’s...
#20 Lloyd’s Insurers Don’t Expect Large Claims From Baltimore Bridge Collapse
May 2 2024 // Lloyd’s of London insurers Hiscox and Lancashire do not expect large insurance claims from the collapse of Baltimore’s Francis Scott Key Bridge in March that caused widespread disruption, they said on...
