Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Ex-NFL Player Nakamura Sues Lloyd’s for Denying Concussion Claim
Jul 22 2016 // A former NFL player who suffered what the league deemed a career-ending concussion has sued Lloyd’s of London for denying a $1 million insurance policy for professional athletes. The lawsuit filed this week in North...
Best Revises Lloyd’s Outlook to Stable from Positive on Difficult Business Conditions
Jul 22 2016 // A.M. Best has revised the outlooks to stable from positive of Lloyd’s and Lloyd’s Insurance Co. (China) Ltd., while at the same time affirming their financial strength rating (FSR) of A (Excellent) and issuer...
Beazley to Get EU Licenses for Irish Reinsurance Business – After Brexit Vote
Jul 22 2016 // Lloyd’s of London’s Beazley Plc is working to get European insurance licenses for its Irish reinsurance business to allow it to operate throughout the European Union, even if Lloyd’s loses access to the...
Lloyd’s Insurer Chaucer Expects Underwriting Loss During Q2 2016
Jul 15 2016 // The impact of catastrophes, large loss activity and foreign exchange movements are expected to bring an underwriting loss for Chaucer in the second quarter, when it will report a combined ratio in the range of 103 to 105...
Markel Leads Lloyd’s Livestock Consortium, Covering Up to $30M Per Location
Jul 14 2016 // Markel International, the London-based specialist insurer, has joined forces with Tokio Marine Kiln, Pembroke and AEGIS London to lead the Markel livestock consortium, offering cover of up to $30 million per location for...
A.M. Best Affirms Ratings of Markel Int’l & Lloyd’s Syndicate 3000
Jul 5 2016 // A.M. Besthas affirmed the financial strength ratings of A (Excellent) and the issuer credit ratings of “a+” of UK-based Markel International Insurance Co. Ltd.(MIICL) and Lloyd’s Syndicate 3000. The...
Re/Insurance Business Leaders Begin to Comment on Post-Brexit World
Jun 24 2016 // The UK joined the European Union in January 1973, and yesterday, the UK public voted to leave. After 43 years of marriage, the divorce proceedings will soon begin. No one knows how long it will take for the UK to untangle...
Foo Fighters Suing Lloyd’s in California over Concert Canceled after Paris Attacks
Jun 22 2016 // The Foo Fighters are suing insurers for failing to reimburse them for European shows they cancelled following the Paris terrorist attacks in November. The suit, filed Monday in federal court in Los Angeles against...
Specialist Lloyd’s Insurer Neon Opens Bermuda Office with Fisher as CEO
Jun 21 2016 // The specialist Lloyd’s insurer Neon, formerly known as Marketform, announced it has opened an office in Bermuda as it grows its international footprint with greater access to both the Bermudian and U.S....
Ironshore’s Pembroke Agency Partners with Old Mutual for Africa Risks
Jun 16 2016 // Ironshore’s Pembroke Managing Agency Ltd. has entered into a management agreement with Old Mutual Group to underwrite select specialty lines for African risks. Pembroke’s Lloyd’s Syndicate 4000 partners...
Bigger Is Better for Lloyd’s Syndicates with Active Cycle Mgmt: S&P
Jun 10 2016 // Benign catastrophe losses, combined with lower and less frequent casualty lines claims, helped Lloyd’s syndicates deliver another strong set of results in 2015, reporting an average combined ratio of 90 percent,...
Future of London Market Threatened by ‘Brexit’, Warn Market Leaders
Jun 3 2016 // Brexit poses a grave threat to London’s insurance jobs and businesses, according to the International Underwriting Association of London (IUA), Lloyds, and Richard Brindle, group chief executive officer of...
Travelers & Novae Join Lloyd’s Construction Consortium; Capacity Rises to $320M
May 27 2016 // Two insurers, Travelers and Novae, have joined the Construction Consortium at Lloyd’s to offer greatly increased underwriting capacity for the largest construction risks in the world across all major onshore...
Program Administrator SIS Appointed Lloyd’s Coverholder
May 24 2016 // Safebuilt Insurance Services, Inc., dba SIS Wholesale Insurance Services, a national commercial lines program administrator, has been appointed as a Lloyd’s coverholder. The coverholder undertaking allows SIS to...
ThinkRisk Transfers Converging Risk Program to Lloyd’s, Expands Offerings
May 20 2016 // Ryan Specialty Group’s (RSG) ThinkRisk Underwriting Agency has entered into a new underwriting partnership for its Converging Risk program with Lloyd’s of London. ThinkRisk will transition its existing...
McGovern Leaving Lloyd’s as CRO to Join XL Group as Chief Compliance Officer
May 19 2016 // XL Group plc announced it has appointed Sean McGovern as chief compliance officer, head of Regulatory & Government Affairs, moving from Lloyd’s of London where he is chief risk officer and general counsel. In...
Insurance Noodle Appointed as Lloyd’s Coverholder
May 18 2016 // Insurance Noodle, the online, membership-based insurance placement platform, has been appointed a coverholder with Lloyd’s of London and is now authorized to underwrite and insure accounts on behalf of certain...
Delta Lloyd’s Solvency II Ratio Declines to 127% on Fall in Interest Rates
May 18 2016 // Delta Lloyd NV, the Dutch insurer that last month completed a rights offer to shore up its capital buffers, said its ability to absorb losses weakened in the first quarter. The Solvency II ratio, a measure of an...
Tokio Marine Kiln Launches General Aviation Consortium on Lloyd’s Asia Platform
May 9 2016 // Tokio Marine Kiln (TMK), the leading provider of specialist and corporate insurance, has launched its first General Aviation Consortium on the Lloyd’s Asia platform. The consortium will provide all brokers and buyers...
Specialist Lloyd’s Insurer Marketform Hires Kelsh to Build Broker Relationships
May 6 2016 // Marketform, the London-based specialist Lloyd’s insurer, has appointed Martin Kelsh to the newly created role of production & distribution director. Kelsh joined Marketform on May 3 to develop and enhance the...
