Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
National Flood Insurance Program Secures $1 Billion in Reinsurance for 2017; 25 Reinsurers Participate
Jan 3 2017 // For just the second time in its history, the federal government’s National Flood Insurance Program (NFIP) has reinsurance to help it weather major storms. The Federal Emergency Management Agency (FEMA), which manages...
Emerging Risks/Markets Offer New Opportunities: 2017 Predictions, Part 3
Dec 21 2016 // Insurers and reinsurers continue to look for organic growth where they can find it – sometimes from emerging risks and sometimes from emerging markets. As always, the keys to success are market knowledge and...
AXIS Capital’s London Office to Move to ‘The Scalpel,’ New Tower Near Lloyd’s
Dec 19 2016 // Bermuda-based AXIS Capital Holdings Ltd. announced its London office will be among the first commercial tenants in “The Scalpel,” a 36-story tower located at 52 Lime Street, adjacent to Lloyd’s of...
Lloyd’s Insurers Urged to Focus on U/W Discipline as 2016 Losses Loom
Dec 13 2016 // Underwriters at Lloyd’s of London lost money in 2016, driving the 90-plus syndicates in the insurance market to be more selective in the risks they take on and forcing Lloyd’s to cut its subscription rates. To...
Lloyd’s Details Its New Corporate Operating Model to Help Deliver Vision 2025
Dec 5 2016 // Lloyd’s announced details of its new Corporation Operating Model (COM) that it said will enable it to deliver its Vision 2025* more effectively and efficiently. Effective Jan. 1, 2017, COM will enable Lloyd’s...
Hamilton Underwriting at Lloyd’s to Hike 2017 GWP to £122.5M ($152.9M)
Dec 1 2016 // Hamilton Underwriting Ltd., the Lloyd’s platform of Bermuda-based Hamilton Insurance Group, announced that the managing agency has received approval from Lloyd’s to increase its gross written premium for...
Lloyd’s Names Swiss Re’s Kelly as Singapore Country Manager
Nov 17 2016 // Lloyd’s has appointed Angela Kelly as Lloyd’s country manager, Singapore, and CEO of Lloyd’s of London (Asia) Pte. Ltd. Kelly joins Lloyd’s from Swiss Re where she was chief executive officer of...
Lloyd’s Names Former Generali Exec, Vagnone, as Strategy & Change Director
Nov 16 2016 // Lloyd’s announced that Paolo Vagnone has been appointed to the newly created role of Strategy & Change director. Vagnone will lead the teams responsible for the development of Lloyd’s strategy as well as...
AmTrust Buys ANV Holdings for $203M – More Than Doubling Its Lloyd’s Presence
Nov 8 2016 // AmTrust Financial Services Inc. announced it has completed the acquisition of ANV Holdings B.V. and its affiliates from Ontario Teachers’ Pension Plan for approximately $203 million in cash. During the last 12 months...
Lloyd’s Gets Approval to Open Reinsurance Branch in India
Nov 7 2016 // Lloyd’s of London has secured approval from the Indian regulator, Insurance Regulatory and Development Authority of India (IRDAI), to provide onshore reinsurance services in India. The decision means that the...
Lloyd’s Innovation Awards Go to Aon, Beazley, Cromar, Hiscox, Tokio Marine Kiln
Nov 3 2016 // Lloyd’s of London recently announced the winners of its 2016 Innovation Awards. Beazley, Cromar, Hiscox and Tokio Marine Kiln each picked up awards for innovative products or new ways of working. Aon won most...
Hiscox Leads New $1B Fine Art Consortium, in Collaboration with Ascot
Oct 27 2016 // Hiscox announced it has formed a new US$1 billion fine art consortium, the result of a collaboration with Ascot Underwriting. The $1 billion capacity consortium has been constructed specifically to streamline the process...
Coastal Wetlands Found to Reduce Hurricane Property Damage by 10%-30%
Oct 27 2016 // Coastal wetlands provide important natural protection during hurricanes. How much? Natural habitats reduced property damage by about $625 million in the Northeast during Hurricane Sandy in 2012, a new study supported by...
Foo Fighters Suit Against Lloyd’s Finally Settled
Oct 24 2016 // Dave Grohl’s Foo Fighters have finally settled a four-month-old lawsuit aimed at collecting on insurance claims related to a series of canceled concerts during the band’s 2015 world tour. A court filing signed...
Insurance Industry Urged to Weigh Shift to Intangible Risks
Oct 24 2016 // Panelists at a New York event hosted by Lloyd’s, the world’s specialist insurance market, and the American Security Project, a nonpartisan national security think-tank, urged the insurance industry to plan...
Asta Gets Initial Lloyd’s Approval to Launch & Manage Verto Syndicate 2689
Oct 20 2016 // Asta, the third party managing agent at Lloyd’s, announced it has received “in principle” approval from the Lloyd’s Franchise Board to establish and manage Verto Quota Share Syndicate...
Cobalt & Capita Plan to Launch Lloyd’s 1st Fully Shariah Compliant Syndicate
Oct 19 2016 // Cobalt Insurance Holdings Ltd. and Capita Managing Agency Ltd. (CMA) have announced they have taken a significant step in the launch of Lloyd’s first fully Shariah compliant syndicate after receiving “in...
Lloyd’s Names Revilla as Head of Latin America
Oct 17 2016 // Lloyd’s has appointed Daniel Revilla as head of Latin America responsible for enhancing business relationships and trading rights across the region for the benefit of the Lloyd’s market. He will also assume the...
Insurance Industry Urged to Weigh Shift to Intangible Risks
Oct 14 2016 // Panelists at a recent New York event hosted yesterday by Lloyd’s, the world’s specialist insurance market, and the American Security Project, a nonpartisan national security think-tank, urged the insurance...
Finance Execs Should Slash Their Pay to Win Back Trust in Business: Lloyd’s CEO
Oct 13 2016 // Finance executives should consider slashing their own paychecks as the U.K. works to exit the European Union in order to win back the trust of people who have lost faith in large businesses, according to Lloyd’s of...
