Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Update: Lloyd’s of London H1 Profit Decreases 28% on Competitive Pressures
Sep 10 2015 // Lloyd’s of London insurance market posted a 28 percent drop in first-half pretax profit on Thursday and said pricing remained tough in a competitive market. The insurance and reinsurance markets have attracted new...
Amlin Deal Puts M&A Spotlight on 4 Remaining Publicly Traded Lloyd’s Insurers
Sep 9 2015 // Amlin Plc’s $5.3 billion takeover by a Japanese competitor has put the remaining four publicly traded Lloyd’s of London insurers in the spotlight for a possible takeover. Beazley Plc, Hiscox Ltd., Lancashire...
Mitsui Sumitomo to Buy Amlin for $5.3B, Latest in Japanese Overseas Deals
Sep 8 2015 // MS&AD Insurance Group Holdings Inc. agreed to buy Lloyd’s of London insurer Amlin plc for about 3.47 billion pounds ($5.3 billion), joining an overseas deal spree by Japanese peers. Amlin shares surged. The...
Repeating Mistakes
Sep 7 2015 // Lloyd’s international casualty reinsurance underwriters are running the risk of repeating the same mistakes that have placed the market in difficulty in the past, according to a new poll of Lloyd’s reinsurance...
Lloyd’s and its Syndicates 2015 – Adapting to Changing Times
Sep 7 2015 // If one word could describe Lloyd’s of London, it would be “change.” There are very few business enterprises that have stayed in business as long as Lloyd’s – 327 years. It has survived wars,...
Lloyd’s: Cities Hurt More by Market Crashes Than Natural Disasters
Sep 4 2015 // A stock-market crash could erase as much as $170.3 billion from major cities’ gross domestic product in the U.S. and Canada and is the biggest threat to their economies, Lloyd’s of London said. The losses,...
Surplus Lines Posts Record-Breaking Year for 2014
Sep 4 2015 // The surplus lines industry broke records in 2014, growing direct premium written (DPW) in 2014 to $40.2 billion — the highest point in history, reports A.M. Best’s “2014 Special Report U.S. Surplus Lines –...
Lloyd’s City Risk Index Shows $4.6 Trillion GDP at Risk in 301 Cities
Sep 3 2015 // The first-ever Lloyd’s City Risk Index, which analyzes the economic output at risk (GDP at risk) in 301 major cities from 18 manmade and natural threats over a 10-year period, concludes that a total of $4.6 trillion...
Lloyd’s Casualty Reinsurance Underwriters Concerned History Repeating Itself
Sep 1 2015 // Lloyd’s international casualty reinsurance underwriters are running the risk of repeating the same mistakes that have placed the market in difficulty in the past, according to a new straw poll of Lloyd’s...
Carvey Appointed Head of Treaty at Hamilton at Lloyd’s
Aug 31 2015 // Hamilton Underwriting Limited, the Lloyd’s managing agency of Bermuda-based holding company Hamilton Insurance Group, has hired Trevor Carvey as head of treaty. Carvey will report to Dermot O’Donohoe, chief...
Drone Growth Threatened by Cyber, Human Error, Privacy Concerns: Lloyd’s Report
Aug 20 2015 // “Cyber-attacks, reckless pilots and privacy breaches are fundamental threats to the drone industry.” That’s the overall conclusion of a new report published by Lloyd’s, entitled “Drones Take...
Update: Delta Lloyd’s $588 Million First Half Loss Raises Capital Concerns
Aug 11 2015 // Delta Lloyd NV fell the most on record after interest-rate hedging and declines in bonds spurred a first-half loss, raising concern the Dutch insurer may need to raise capital. The shares fell 20 percent to 13.17 euros at...
Lloyd’s Market Association Appoints Curtis as Director of Finance and Risk
Aug 4 2015 // Ken Curtis has been appointed as director of finance and risk for the London-based Lloyd’s Market Association, which represents the interests of the Lloyd’s underwriting community. He formerly was group chief...
SJU to Honor Lloyd’s CEO Beale With Insurance Executive of the Year Award
Aug 3 2015 // Inga Beale Saint Joseph’s University’s Academy of Risk Management and Insurance in Philadelphia announced today it will present its Insurance Executive of the Year Award to Lloyd’s Chief Executive Officer...
Delta Lloyd’s CFO Resigns After Court Upholds Fine for Information Abuse
Aug 3 2015 // Delta Lloyd NV Chief Financial Officer Emiel Roozen stepped down after a court upheld a central-bank decision fining the insurer for making trades based on confidential information. Supervisory Board Chairman Jean Frijns...
Lloyd’s to Apply for Onshore Reinsurance License in Malaysia
Jul 30 2015 // Lloyd’s has announced that it intends to apply for an onshore reinsurance license in Malaysia. The move has been confirmed by the UK and Malaysian governments. The announcement that Lloyd’s will apply for a...
Lancashire 1st Half Profit Drops 10% Amid ‘Pricing Pressures’ at Lloyd’s
Jul 30 2015 // Lancashire Holdings Ltd. reported a 10 percent fall in first-half profit amid “pricing pressure” in the Lloyd’s of London insurance market. The company said pretax profit decreased to $88.6 million in the...
Lloyd’s Supports Natural Catastrophe Resilience Plan Across Asia
Jul 28 2015 // As he prepared to sign a Statement of Intent (SOI) between the British Government, the Monetary Authority of Singapore and Lloyd’s in Singapore, UK Prime Minister David Cameron stressed that insurance is essential to...
Hiscox CEO Supports Industry-Wide Stress Test for 9/11-Scale Event
Jul 27 2015 // UK regulators need to widen stress tests for insurers to show how the whole industry, including themselves, would respond to an event on the scale of the 9/11 attacks, Hiscox Ltd. said. Unless the Prudential Regulation...
Beazley CEO Calls on Lloyd’s to Overhaul Data Systems
Jul 24 2015 // Beazley Plc CEO Andrew Horton called on Lloyd’s of London to overhaul the way it manages trade information to make the world’s oldest insurance market more efficient and globally competitive. “The...
