Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Lloyd’s Names Magrath Western Regional Director
Apr 15 2015 // Lloyd’s of London has named Richard Magrath regional director for its Western U.S. region. Magrath will be based in Los Angeles, Calif. with responsibility for market development activities in California, Oregon,...
Allied World Appoints Evans Non-Executive Chairman of Lloyd’s Managing Agency
Apr 15 2015 // Allied World Assurance Company Holdings, AG announced that Jonathan Evans will join the board of directors and become the Non-Executive Chairman of Allied World Managing Agency Limited, its Lloyd’s managing agency,...
XL, Cobalt Underwriting Launch Shariah-Compliant Equine Product at Lloyd’s
Apr 13 2015 // XL Group and Cobalt Underwriting have launched the first Shariah-compliant product to be available through Lloyd’s of London. The cover is an equine product, which responds to named perils, mortality, theft,...
Beazley, Korean Re Form Partnership; Create Special Purpose Lloyd’s Syndicate
Apr 9 2015 // Beazley and Korean Re announced a partnership to develop business together and to establish a special purpose syndicate at Lloyd’s, Syndicate 6050. Under the agreement, Syndicate 6050 will write a whole account quota...
Lloyd’s of London Offers Wildfire Insurance to Oregon at Higher Rates
Apr 6 2015 // The state of Oregon has a chance to continue its unique insurance policy that helps pay for fighting wildfires in big burning years – but at a higher premium and deductible. Lloyd’s of London has offered to cover...
A.M. Best: European Reinsurers Report Strong Results, Growth Limited
Apr 6 2015 // Major European reinsurers have posted very strong full-year results for 2014 and continue to be well capitalized, with profitable underwriting results due to the absence of sizable natural catastrophes and ongoing reserve...
Lloyd’s Suit, Upcoming NFL Draft Shine Light on Sports Insurance
Apr 6 2015 // As the 2015 National Football League draft approaches, a lawsuit against Lloyd’s of London by former University of Southern California Trojans receiver Marqise Lee has placed a spotlight on sports disability...
Hamilton Completes Sportscover Acquisition; O’Donohoe is MGA CEO
Apr 1 2015 // The Bermuda-based Hamilton Insurance Group has completed the acquisition of Sportscover Underwriting Limited, the Lloyd’s managing agent for Syndicate 3334, and Kinetic Insurance Brokers Limited, a Lloyd’s...
ICAT Launches Special Purpose Lloyd’s Syndicate for Mid-Sized U.S. Risks
Apr 1 2015 // Colorado-based natural disaster recovery specialist ICAT announced that Lloyd’s of London has granted approval of Special Purpose Syndicate 6123 to further expand ICAT’s per risk capacity. Subject to completion...
Guernsey’s Heritage Insurance Accorded Lloyd’s Registered Broker Status
Mar 27 2015 // Guernsey-based Heritage Insurance announced that it has been accorded Lloyd’s registered broker status. “This allows Heritage Insurance Solutions, the FCA-regulated arm of the Guernsey-headquartered Heritage...
Lloyd’s Reports US$4.9 Billion (£3.2 Billion) Profit for 2014, Level With 2013
Mar 26 2015 // Lloyd’s announced a pre-tax profit of US$4.9 billion (£3.2 billion) for 2014, which is unchanged from the profit figure reported in 2013. The 2014 profit was driven by a relatively benign year for major natural...
UK’s MGAA Launches Initiative to Support MGA Talent Development
Mar 20 2015 // The UK’s Managing General Agents’ Association (MGAA), has announced a much needed initiative to find and promote “young talent” in the insurance industry. It’s specifically aimed at...
Lloyd’s Opens Branch Office in Beijing to Access New Chinese Business
Mar 18 2015 // Lloyd’s opened a branch office in Beijing to access new business and forge closer links with business partners in China’s capital. Lloyd’s also appointed Songlin Chen, as general manager of the Beijing...
ACE Bermuda Expands D&O Cover for Non-North American Multinationals
Mar 16 2015 // ACE Bermuda International announced the launch of an additional D&O liability insurance capability for multinational companies based outside of North America. The new capability allows ACE to issue CODA Premier®...
Lloyd’s Suit, Upcoming NFL Draft Shine Light on Sports Insurance
Mar 13 2015 // As the 2015 National Football League draft approaches, a lawsuit against Lloyd’s of London by former University of Southern California Trojans receiver Marqise Lee has placed a spotlight on sports disability...
TUMI Now a Lloyd’s Coverholder, Launches Auto Liability & Transportation Programs
Mar 12 2015 // Trinity Underwriting Managers, Inc. (TUMI), a Georgia-based program administrator, is now an approved Lloyd’s Coverholder and recently began underwriting business on behalf of certain underwriters at Lloyd’s....
Lloyd’s Opens Specialist Underwriting Platform in Dubai
Mar 11 2015 // Lloyd’s has opened a new specialist underwriting platform in Dubai to provide tailored risk solutions across the Middle East. This brings the number of Lloyd’s businesses trading in the Dubai International...
MSIG at Lloyd’s Launches Bloodstock Account With 2 Appointments
Mar 3 2015 // MSIG at Lloyd’s has moved into the bloodstock market with the appointment of specialist underwriters Rebecca Attridge and Phil Needham. Attridge and Needham both report to Caroline Koczerzat, underwriting manager,...
Fairfax Financial to Benefit From its Acquisition of Brit plc: Moody’s Report
Feb 27 2015 // The proposed acquisition of Brit plc by Fairfax Financial Holdings is “credit positive” for Fairfax, according to Moody’s, which noted that the deal will significantly boost Fairfax’s underwriting...
Lloyd’s Appoints First General Representative in South Korea
Feb 24 2015 // Lloyd’s has appointed Jin-Yung Sun as its first general representative in South Korea. Sun has worked in the (re)insurance industry for 35 years as both an underwriter and a Lloyd’s broker. He spent the first...
