Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
St. Paul To Reorganize Lloyd’s Operations
May 22 2001 // The St. Paul Companies announced “that its St. Paul at Lloyd’s operation will implement a major reorganisation of its underwriting and operational structure, including a plan to consolidate its existing 11...
Lloyd’s Admits ‘Foreign’ Brokers, Ins-sure Services Launched
May 21 2001 // The London insurance market achieved two significant milestones recently with the admission to Lloyd’s membership of three non-U.K.-based brokers, and the launch of Ins-sure Services Ltd., which will assume the...
Lloyd’s Change to Annual Accounting Results in $4.5 Billion Loss Estimate
May 13 2001 // Lloyd’s decision to begin reporting its syndicates profits and losses on an annual basis, rather than over three years, proved costly. Last year’s losses are estimated at £3.11 billion ($4.5 billion) overall,...
Benfield Greig-E.W. Blanch to Create Third Largest Global Re Broker
May 7 2001 // On April 16, London-based Benfield Greig Group plc and E.W. Blanch Holdings Inc. of Dallas announced an agreement on merger terms. Benfield offered to purchase the outstanding shares of EWB for $13.50 a share, valuing the...
Lloyd’s Posts 23% Gain in U.S. Premium Income
May 2 2001 // Led by a strong performance in its surplus lines business, Lloyd’s announced a 23 percent gain in U.S. premium income for the year 2000 to $5.9 billion from $4.8 billion in 1999. “This increase is a reflection...
Lloyd’s Changes Internet Sites To Increase Broker Access
May 1 2001 // Lloyd’s announced that its old general website designation – www.lloyds.com – has become “An internet portal that will give insurance brokers and intermediaries all over the world direct access to...
Lloyd’s Admits Non-U.K. Based Brokers For the First Time
Apr 30 2001 // Of the six new brokers admitted to Lloyd’s select fraternity five are based outside of the U.K., marking the first time that the venerable institution has given foreign brokers direct access to the Lloyd’s...
Lloyd’s, IUA, Xchanging Processing Service To Start May First
Apr 30 2001 // Lloyd’s and London’s International Underwriting Association announced that their joint venture with Xchanging, an Internet and information technology specialist, to create a unified premium processing and...
Lloyd’s Optimistic Despite ’98,’99 Loss Figures
Mar 28 2001 // Lloyd’s announced preliminary estimates Tuesday that it would suffer an overall loss of at least £1.11 billion ($1.6 billion) for its 1999 year of account. It had already announced losses in 1998 of £1.06 billion...
LLOYD’S WINS AGAIN
Mar 26 2001 // On March 16, the U.S. Senate voted 79-18 to remove a provision in the pending Bankruptcy Reform Bill that would have prevented Lloyd’s of London from pursuing a number of American “Names” for debts...
Lloyd’s Follows Mir’s Re-Entry As the World Braces for Splashdown
Mar 22 2001 // Lloyd’s announced that an expert team of brokers and underwriters, who are closely following the de-orbiting process of Russia’s Mir space station, would be available to comment on the risks and other insurance...
Moody’s: Losses Loom for Lloyd’s
Mar 21 2001 // Moody’s Investors Service Ltd. is forecasting that Lloyd’s of London will report losses of $5.23 billion for the four years of 1998 and 2001. Under Lloyd’s three-year accounting system, the next results...
BAND CROWS ABOUT LOST PROFITS
Mar 19 2001 // Band members of the rock group Black Crowes have sued Lloyd’s of London in L.A. Superior Court, alleging that it has failed to reimburse the group for lost profits and expenses its members suffered when former Led...
“Lloyd’s Provision” Removed From Bankruptcy Bill
Mar 19 2001 // On Friday, the U.S. Senate voted 79-to-18 to remove a provision in the pending Bankruptcy Reform Bill that would have prevented Lloyd’s of London from pursuing a number of American “Names” for debts...
U.S. State Dept. Opposes “Lloyd’s Provision” As Bankruptcy Bill Clears Committee
Mar 16 2001 // The State Department is opposed to a provision in the pending Bankruptcy Reform Bill that would effectively prevent Lloyd’s from collecting money from several hundred wealthy American “Names” who have...
Lloyd’s Investigation Expands into Calif.
Mar 15 2001 // A federal task force investigating Lloyd’s of London have begun interviews of witnesses in California regarding a $400,000 payment made to the state by Lloyd’s in 1999, according to a Los Angeles Times...
Fresh Allegations Surround Quackenbush, Lloyd’s Payment
Mar 12 2001 // A new round of controversy over actions taken by former California Insurance Commissioner Chuck Quackenbush has been triggered by articles recently published in the Los Angeles Times. The strongest of the allegations...
Lloyd’s Hires Dole to Fight Legislative Initiative
Mar 6 2001 // Lloyd’s of London has hired former U.S. Senate Majority Leader Bob Dole to help fight a bankruptcy bill provision that could block the company from collecting debts from some U.S. investors. Dole, who has said he...
Rock Group Sues Lloyd’s For Concert Reimbursement
Mar 2 2001 // Band members of the rock group Black Crowes have sued Lloyd’s in L.A. Superior Court, alleging that it has failed to reimburse the group for lost profits and expenses its members suffered when former Led Zeppelin...
Lloyd’s Calls Bankruptcy Bill Provision A Get Out of Jail Free Card
Feb 27 2001 // A special provision, added to the currently pending legislation in Congress to overhaul the U.S. Bankruptcy law, aims to prevent Lloyd’s from collecting debts from U.S. “Names”(individual Lloyd’s...
