Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Declarations
Jun 2 2014 // Sandy Recovery Program Scams “Our Statewide Sandy Fraud Working Group is pursuing aggressive criminal and civil actions against those who allegedly sought illegal profits in the wake of this national...
Savage to Leave; Lloyd’s Announces Changes in Finance, Operations
May 23 2014 // Luke Savage, who has been Lloyd’s Director of Finance and Operations for ten years, will be stepping down from Lloyd’s later this summer, to become Chief Financial Officer of Standard Life. In connection with...
Lloyd’s U.S. Chief on Board with Climate Change
May 22 2014 // Despite risking offense to non-believers, Hank Watkins didn’t hesitate when he was asked if climate change was upon us. Watkins, president of Lloyd’s America, talked about an extensive report Lloyd’s of...
Lloyd’s Appoints Hu to Council; McGovern, Griffiths to Franchise Board
May 20 2014 // Lloyd’s has announced three appointments with immediate effect. Fred Hu will join the Lloyd’s Council and Joy Griffiths and Sean McGovern will join the Franchise Board. The bulletin described Hu as a...
With Kentucky Law, Lloyd’s to Be Surplus Lines Eligible in All 50 States
May 14 2014 // Lloyd’s of London underwriters will have surplus lines eligibility in Kentucky when new legislation there goes into effect in July, meaning they will have surplus lines eligibility in all 50 states. It also means...
Lloyd’s Report Says Climate Change Should Be a Constant Consideration
May 8 2014 // “Climate change is real and we need to factor it into all future catastrophe modelling” – that’s the conclusion of a new report published today by Lloyd’s. The report: ‘Catastrophe Modelling...
Catalina Holdings’ Glacier Re to Handle Delta Lloyd’s Legacy Marine Liabilities
May 8 2014 // Catalina Holdings (Bermuda) Ltd. has announced that it has signed a definitive agreement with Delta Lloyd Group under which a portfolio of marine insurance liabilities in run-off will be reinsured by Catalina’s...
ACE Expands Global D&O Coverage Through Lloyd’s Syndicate
May 1 2014 // ACE Group has launched ACE 2488 Global D&O, an enhanced global directors & officers (D&O) liability insurance proposition for multinational organizations. Adding Lloyd’s coverage through ACE Syndicate...
Lloyd’s Focuses on Brokers, MGA’s, Capital in New Details for ‘Vision 2025’ Plan
Apr 21 2014 // Lloyd’s has published a more detailed strategy for 2014-2016, setting out how it will work towards achieving its goals, embodied in its “Vision 2025” Plan, which details “how the Corporation will...
RPX Launches Non-Practicing Entity Patent Litigation Insurance with Lloyd’s
Apr 16 2014 // RPX Corp., a provider of patent risk management products, has launched a new insurance service for businesses facing patent infringement litigation with non-practicing entities (NPEs). As a coverholder at Lloyd’s,...
Secure Settlements Launches Mortgage Settlement Insurance
Apr 11 2014 // Secure Settlements, Inc. (SSI),a data intelligence and risk analytics company for the mortgage industry, has partnered with RFIB Group Ltd. and certain underwriters at Lloyd’s of London to offer a new product that...
Catlin Establishes General Aviation Consortium at Lloyd’s Asia
Apr 11 2014 // The Catlin Group Limited (CGL) announced from its Singapore, office the formation of the General Aviation Consortium at Lloyd’s Asia to write General Aviation insurance and reinsurance risks based in the Asia-Pacific...
Aon Touts Sidecar with Berskhire Hathaway That Was Criticized by Lloyd’s
Apr 10 2014 // Aon Plc, the broker that was criticized by Lloyd’s of London for a deal with Warren Buffett’s Berkshire Hathaway Inc., said the relationship actually helps make the U.K. insurance market more...
Insurance Can’t Protect Libertarian’s Dream of Unlimited Liability: McArdle
Apr 6 2014 // If you run in libertarian circles, you hear a lot about lawsuits. It’s the obvious recourse for anyone who wants less regulation but can’t bring themselves to insist that, say, chemical companies should be...
Stolen Marquis de Sade’s Sex Manuscript, Insured by Lloyd’s, Returns to Paris
Apr 6 2014 // The Marquis de Sade’s scandalous and sexually graphic novel “120 Days of Sodom” has come back home. Written in prison in 1785 — just before the French Revolution — and described by the Marquis...
Torus CEO Dermot O’Donohoe on the Insurer’s Future Prospects
Apr 2 2014 // When Torus Insurance was founded by first Reserve, headed by Clive Tobin in 2008, the worst effects of the financial crisis were just beginning to bite, but they bit pretty hard. The company, although well run, and...
Allied World Approved to Launch New Managing Agency at Lloyd’s
Mar 31 2014 // Allied World Assurance Company Holdings, AG announced that it has received approval from Lloyd’s, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) to establish its own Lloyd’s...
Lloyd’s ‘Stands Ready’ to Pay Claims from Malaysian Airlines Flight 370
Mar 28 2014 // Lloyd’s of London, the world’s oldest insurance market, has said it stands ready to pay out claims arising from the presumed loss of Malaysian Airlines Flight 370, even as searchers continue to scour the Indian...
JPMorgan Snub, Lloyd’s Insurance Threat Spurred Change at SAE Fraternity
Mar 27 2014 // Early this month, JPMorgan Chase & Co. stopped managing an investment account for a prominent client: the charitable foundation of Sigma Alpha Epsilon, one of the nation’s largest fraternities. The bank was...
Lloyd’s Profits for 2013 Near $5.3 Billion
Mar 26 2014 // Lloyd’s announced a profit of £3.2 billion [$5.2894 billion] for 2013, compared to a profit of £2.8 billion [$4.628 billion] in 2012. Gross written premium income increased to £26.1 billion [$43.14 billion]....
