Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Liberty Mutual Reinsurance Launches Operation Using Lloyd’s Mexico Platform
May 23 2019 // Liberty Mutual Reinsurance the reinsurance arm of Liberty Specialty Markets, announced it has launched a reinsurance operation under Lloyd’s registration in Mexico to serve clients in Mexico and Central America. The...
Armour Group Appoints Parry from Lloyd’s as Group Chief Financial Officer
May 22 2019 // Bermuda-based Armour Group Ltd. announced the appointment of John Parry as group chief financial officer. Parry will assume his new position in June and report directly to the group executive committee. A seasoned senior...
Lloyd’s Insurers Surpass Target for Electronic Risk Placements: Report
May 14 2019 // Insurers in the Lloyd’s of London market have switched 45% of their business to an electronic platform, ahead of target, the platform said on Monday. The insurance industry has been slower to move to electronic...
Guy Carpenter Announces Series of International Analytics, Advisory Appointments
May 13 2019 // Guy Carpenter & Co., the reinsurance broking subsidiary of Marsh & McLennan Cos., announced a series of London-based hires designed to further build out the firm’s strategic advisory and analytics...
Lloyd’s Commissions Culture Survey to Help Raise Standards of Behavior
May 13 2019 // Lloyd’s of London has commissioned an independent culture survey following a Bloomberg Businessweek article that uncovered evidence of sexual misconduct in the world’s oldest insurance market. The survey is...
Lloyd’s Invests in AI Startup Offering Liability Insurance Platform for Small Businesses
May 9 2019 // Lloyd’s announced it is investing in Layr, a cloud-based commercial insurance platform for small businesses looking to purchase liability insurance. The investment follows Layr’s successful trial in the...
Lloyd’s Aims to Halve Costs as It Modernizes Market Over Next 5 Years
May 1 2019 // Lloyd’s of London plans to halve the cost of buying insurance through the 330-year-old market as part of a strategy to restore the fortunes of the company. Chief Executive Officer John Neal said he planned to cut the...
Lloyd’s Innovation Drive Faces Headwinds from Some Brokers, Underwriters
Apr 26 2019 // Lloyd’s of London, the world’s oldest insurer of seafaring vessels, is facing its own perfect storm. Old-fashioned business practices, exposure to natural disasters, competition from rival centers and Brexit...
Munich Re Syndicate Singapore Partners with Lloyd’s Coverholder Nectar Specialty Risk
Apr 18 2019 // Munich Re Syndicate Singapore (MRSS) has formed a partnership with Nectar Specialty Risk Pte Ltd. (Nectar), a Singapore incorporated limited liability company and Lloyd’s coverholder that provides tailor-made...
Canopius Signs Agreement to Purchase AmTrust at Lloyd’s
Apr 18 2019 // Canopius AG announced it has signed a definitive sale and purchase agreement to purchase AmTrust at Lloyd’s, a division of AmTrust Financial, subject to regulatory approval. Upon completion, which is expected in Q3...
Lloyd’s Syndicate Ascot Insures Farmers in 16 Nations Against Crop-Price Volatility
Apr 11 2019 // Farmers can now for the first time insure their produce against price volatility as easily as insuring their homes, with a global platform based on hundreds of niche commodity indexes, underwritten by a Lloyd’s of...
Lloyd’s Cracks Down on Drinking Culture in Market
Apr 10 2019 // Lloyd’s continues to tighten up its workplace rules by restricting people from entering Lloyd’s premises who are drunk or under the influence of drugs. The new rule, which was included in a market bulletin...
Lloyd’s Issues Action Plan to End Sexual Harassment in Workplace Amid Recent Reports
Apr 1 2019 // In the era of #MeToo when the ills of sexual harassment are regularly in the news, a recent article published by Bloomberg Businessweek indicates that some men working in the London insurance market still haven’t...
Lloyd’s Chief Risk Officer Weaver Leaving Market After 16 Years
Mar 29 2019 // Lloyd’s of London announced that Hilary Weaver, the corporation’s chief risk officer, is leaving at the end of March 2019 after 16 years. Weaver joined Lloyd’s in 2004 as head of Internal Audit and became...
Neon Leads New London Political Risks Consortium, Offering $100M Limit Per Policy
Mar 28 2019 // Specialist Lloyd’s insurer Neon announced it will lead a newly established London Political Risks Insurance Consortium, with MS Amlin becoming a joint agreement party. Spearheaded by Neon’s recently promoted...
Natural Disasters Drive £1 Billion (US$1.3 Billion) Loss at Lloyd’s During 2018
Mar 27 2019 // Lloyd’s of London reported a £1 billion (US$ 1.3 billion) loss for 2018, attributed to an above-average number of major natural catastrophes such Hurricanes Florence and Michael, Typhoon Jebi in Japan, as well as...
Lloyd’s Will Name and Shame Sexual Harassers It Bans from Market: CEO
Mar 27 2019 // Lloyd’s of London will publicly name and shame anyone it bans from its insurance market for sexual harassment, according to Chief Executive Officer John Neal. “When we do see instances of bad behavior, and...
Hamilton Hires Barrett, Garber to Fill New Leadership Slots; O’Donohoe to Depart
Mar 27 2019 // Hamilton Insurance Group, moving full-speed ahead with its growth strategy, is hiring two executives in newly-created roles, and a third leader is leaving the company. The Bermuda-based insurance and reinsurance holding...
Lloyd’s Forms Plan for Safe, Inclusive Working Environment After Harassment Reports
Mar 26 2019 // Lloyd’s announced “a robust plan of action to address reports of sexual harassment in the Lloyd’s market and create a safe and inclusive working environment.” The plan includes possible lifetime...
Lloyd’s to Include Women on Governance Committee After Harassment Reports: Times
Mar 25 2019 // Lloyd’s of London plans to appoint women to its all-male nominations and governance committee to improve diversity and will convert the pub beneath its offices into a coffee shop in an attempt to phase out its...
