Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Pushing and Pulling Lloyd’s Into the 21st Century
Jul 10 2019 // Twenty-five years ago, the Lloyd’s of London marketplace was teetering on the brink of insolvency, reeling from billions of dollars of asbestos and pollution liabilities. Many of the best brains in the market worked...
Last Chance: Future-at-Lloyd’s Consultation Period Ends Today
Jul 10 2019 // Today is the last day when Lloyd’s market practitioners can provide input to the Future at Lloyd’s project, which was first announced on May 1. Chief Executive Officer John Neal at the time encouraged...
Berkshire Hathaway’s Leeks Joins Everest Insurance as Lloyd’s Syndicate Underwriter
Jul 9 2019 // Everest Insurance International announced the addition of Martin Leeks to its Lloyd’s Syndicate 2786 as a medical malpractice and multi-national/ specialty underwriter. Leeks will be responsible for the development...
Lloyd’s to Require Cyber Cover Clarity in Re/Insurance Policies
Jul 8 2019 // Lloyd’s of London wants all insurance and reinsurance policies to clearly state whether coverage will be provided for losses caused by a cyber attack, saying this was in the best interest of both brokers and...
Lloyd’s Sets Targets for Risks Placed Electronically for Remainder of 2019
Jul 3 2019 // Lloyd’s has confirmed the mandated targets for electronic placement of risks for the remainder of 2019. For Q3 2019 each syndicate will be required to have written no less than 60% of its risks using a recognized...
Lloyd’s Appoints Rigby as Chief Operations Officer
Jul 2 2019 // Lloyd’s of London announced that Jennifer Rigby has been appointed chief operations officer (COO). Rigby has been performing the role on an interim basis since March this year, following the departure of former COO...
Private Flood Market Grows, Again: Report
Jul 1 2019 // The private flood insurance grew again in 2018 but not nearly as much as it grew in 2017. According to the recently released Carrier Management report on “Top Private Flood Insurers, 2019 Market Study,” during...
Chubb, Hiscox, Tokio, Other Lloyd’s Underwriters Form Innovation Facility to Insure Emerging Risks
Jun 26 2019 // A group of Lloyd’s underwriters has launched a new facility with £53 million ($67.5 million) of capacity that is designed to speed up re/insurance product development for new and emerging risks. The Product...
Tokio Marine Puts UK Insurer into Run-Off, Now Focusing on Lloyd’s Business
Jun 25 2019 // Tokio Marine Group is putting one of its UK insurance companies, Tokio Marine Kiln Insurance (TMKI), into run-off. Going forward, Tokio Marine Kiln (TMK) will focus on its Lloyd’s businesses. The run-off plan will be...
Lloyd’s Suspends Broker Over Harassing Email
Jun 25 2019 // Lloyd’s of London has suspended a senior broker at Guy Carpenter & Co. for sending colleagues a sexually suggestive email about a female employee and is planning to take similar action against a second person who...
As Lloyd’s Jettisons Some Marine Insurance Lines, Opportunities Created for Rivals
Jun 24 2019 // Rivals to Lloyd’s of London are riding a rising tide of marine insurance rates, leaving the 330-year-old market behind after it jettisoned sections of its oldest line of business last year. Premiums for marine...
R&Q’s CEO to Step Down, Succeeded by Co-CEOs Quilter and Sellek from AM Best
Jun 20 2019 // Randall & Quilter Investment Holdings Ltd. the non-life legacy insurance investor and capacity provider of U.S. and European MGA program business, announced that Ken Randall will step down as group CEO, but will...
Lloyd’s Gathers Group of Industry Heavy-Hitters as Advisers for Its Future Strategy
Jun 20 2019 // Lloyd’s has gathered a group of industry heavy-hitters — such as Evan Greenberg at Chubb, Dan Glaser at Marsh & McLennan, and John Haley at Willis Towers Watson — to sit on advisory committees that...
Latest Shift in Growth Strategy at Lloyd’s Calls for More U.S. Business
Jun 19 2019 // Lloyd’s of London Ltd. is meeting with major U.S. insurers about driving more business through its global insurance market, Chief Executive Officer John Neal said on Wednesday. The 330-year-old insurance market,...
Lloyd’s Must Demonstrate Progress in Tackling Sexual Harassment: Bank of England
Jun 19 2019 // The Bank of England called for Lloyd’s of London to demonstrate progress in tackling the insurance market’s culture of sexual harassment. The BOE’s director of insurance supervision Anna Sweeney said she...
Aspen Taps Brekenfeld from Lloyd’s as Director of Global Corporate Development
Jun 19 2019 // Aspen Insurance Holdings Ltd. announced that Joshua (Josh) Brekenfeld has been appointed director of Global Corporate Development. Brekenfeld joins Aspen from Lloyd’s of London where he spent six years in senior...
Lloyd’s of London Aims to Revamp Auto Coverage as Era of Driverless Cars Looms
Jun 18 2019 // Lloyd’s of London, the 330-year-old insurance market, is pushing to revamp auto coverage as the rise of driverless cars looms. Chief Executive Officer John Neal said that Lloyd’s is talking with automakers...
City of London Tackles Its Daytime Drink Problem – One Institution at a Time: Opinion
Jun 17 2019 // For most of the traders, bankers, lawyers and accountants who populate the City of London, the era of excessive daytime boozing is long gone. Pubs and pints have been replaced by coffee shops and lattes. Dealmaking...
AXIS Re Names Sweeting from Vibe Syndicate as Head of Lloyd’s Casualty Reinsurance
Jun 12 2019 // AXIS Re, the reinsurance business segment of AXIS Capital Holdings Ltd., announced the hiring of Joe Sweeting as head of Lloyd’s Casualty Reinsurance. In this role, Sweeting will be responsible for managing all...
2 Execs at Lloyd’s Insurer TMK Forced to Resign After Sexual Harassment Allegations
Jun 11 2019 // Two executives at a top Lloyd’s of London insurance company have resigned following allegations of sexual harassment. One was accused of groping colleagues at a booze-fueled party, the other of stalking a junior...
