Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
S&P Upgrades Lloyd’s Financial Strength Rating to AA-
Dec 15 2023 // S&P Global Ratings has revised its financial strength rating for Lloyd’s of London to “AA–”, outlook stable, from “A+”, outlook stable. The rating upgrade reflects the improvement in...
AXIS Gets In-Principle Approval to Launch Energy Resilience Syndicate at Lloyd’s
Dec 14 2023 // AXIS Capital Holdings Ltd. announced it has received in-principle approval from Lloyd’s to launch a syndicate that will focus on providing capacity for new energy projects with a critical role in supporting the...
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...
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...
Specialist Risk Group Acquires Lloyd’s Broker CBC Partnership
Dec 8 2023 // Specialist Risk Group (SRG) has agreed to acquire the London-based broker CBC Partnership (CBC), subject to the necessary regulatory approvals. Financial details of the transaction were not disclosed. CBC will become...
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...
Probitas Ready to Launch Lloyd’s Special Purpose Arrangement for 2024 Year of Account
Nov 28 2023 // Lloyd’s syndicate Probitas 1492 announced that Lloyd’s has given formal approval for its special purpose arrangement (SPA), which will begin underwriting in the 2024 year of account. The SPA, called “AdA...
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...
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...
Major Cyber Attack Could Cost Global Economy $3.5 Trillion: Lloyd’s
Nov 6 2023 // A cyber attack on a major financial services payments system could result in widespread business disruptions, potentially costing the global economy $3.5 trillion over a five-year period, according to research from...
London SPAC to Test Shareholder Appetite for Lloyd’s of London Venture
Oct 31 2023 // Financials Acquisition Corp. said Monday it would ask shareholders to back its planned merger with its newly formed insurance venture, in a test of investor appetite for new stocks. The special purpose acquisition company...
Markets/Coverages: Digital Lloyd’s Syndicate Ki Partners With Travelers and Aspen to Expand Follow Capacity
Oct 18 2023 // Ki, the first fully digital and algorithmically driven Lloyd’s syndicate, announced that Travelers and Aspen will offer additional follow capacity through its digital platform from Jan. 1, 2024. As a result of this...
Major Cyber Attack Could Cost Global Economy $3.5 Trillion: Lloyd’s
Oct 18 2023 // A cyber attack on a major financial services payments system could result in widespread business disruptions, potentially costing the global economy $3.5 trillion over a five-year period, according to research from...
Oka Gets ‘In Principle’ Approval to Launch Lloyd’s Syndicate-in-a-Box 1922
Oct 17 2023 // Asta, the leading third-party managing agent at Lloyd’s, and Oka, the Carbon Insurance Company, announced that Lloyd’s has granted “in principle” approval for Oka syndicate-in-a-box (SIAB) 1922. Oka...
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...
Lloyd’s Cyber Specialist Trium Cyber Opens London Office, Led by Aspen’s Watson
Sep 22 2023 // Trium Cyber, a Lloyd’s cyber specialist, announced that the US-based company has opened a London office to write coverage for clients based outside of the US. “Our advanced technical underwriting, outstanding...
Lloyd’s and the UN Team Up to Provide Insurance to Climate Vulnerable Countries
Sep 21 2023 // Lloyd’s of London is teaming up with the United Nations Capital Development Fund (UNCDF) to try and improve access to insurance for climate vulnerable countries, with an initial focus on Fiji and Pacific island...
Private Equity Firm CVC Invests in Dale Underwriting to Boost Growth at Lloyd’s
Sep 18 2023 // Dale Underwriting Partners, the trading name for Dale Managing Agency’s Lloyd’s Syndicate 1729, has agreed a strategic partnership with CVC, a leading global private markets manager with €161 billion of...
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...
Lloyd’s in Talks With UN Over New Black Sea Grain Insurance Cover: CEO Neal
Sep 8 2023 // Lloyd’s of London is in talks with the United Nations over providing insurance cover for Ukrainian grain shipments if a new Black Sea corridor deal can be reached, its CEO John Neal told Reuters on Thursday. NATO...
