Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
New Capital Means Big Disaster Won’t Boost Reinsurance Rates: Lloyd’s CEO
Sep 10 2013 // Even a major disaster would be unlikely to push up reinsurance prices given the amount of capital currently available to back policies, said Richard Ward, chief executive officer of Lloyd’s of London. “What is...
Chubb’s Lloyd’s Syndicate Announces Cyber Security Offering
Sep 5 2013 // Chubb’s London office announced the availability of cyber security insurance through its Lloyd’s Syndicate, Chubb 1882. It is “based on Chubb’s successful US offering, the product combines...
Best Expresses Concerns over London Market Placement Deals
Sep 5 2013 // A.M. Best has been studying the recent innovation in the London insurance market, exemplified by the arrangement between Aon and Berkshire Hathaway announced in March, which automatically shares a percentage of premiums...
Lloyd’s Chairman Nelson Says Insurance Investment Boom Creates Risk
Sep 5 2013 // A flood of investment capital into structures linked to insurance could lead to instability and spark a new financial crisis if left unsupervised, a top official has warned. Billions of dollars from investment funds has...
Former Lloyd’s Chairman Max Taylor Joins Pioneer Underwriting Board
Sep 3 2013 // Former Lloyd’s Chairman Max Taylor Joins Pioneer Underwriting Board Recently formed – April 2011 – Pioneer Underwriting Limited announced that industry veteran Max Taylor has been appointed as Chairman of the...
Lloyd’s Internal Probe Said to Be Focus of New York’s Iran Sanctions Inquiry
Aug 29 2013 // A New York regulatory investigation of Lloyd’s of London for possible violations of Iran sanctions law has led to a government request for files of an internal probe by the insurer, a person familiar with the matter...
No Ratings Change for Syndicate 2010 from Lancashire Acquisition Says Best
Aug 9 2013 // A.M. Best Europe – Rating Services Limited has commented that the financial strength rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 2010,...
Mitsui Sumitomo at Lloyd’s Hires 2 Professional Indemnity, D&O Specialists
Aug 7 2013 // UK non-life insurer Mitsui Sumitomo at Lloyd’s has hired two experienced underwriters as its Syndicate 3210 seeks to diversify its products and distribution to capitalize on significant international...
Lloyd’s Comments on Record Cannes Jewelry Heist
Aug 6 2013 // An article on the Lloyd’s of London website notes that the value of diamonds stolen in an armed robbery in Cannes on July 28 “has been estimated at nearly £90 million [€100 million, $133 million], making it...
Best Affirms Catlin Group and Subs Ratings; Outlook Stable
Jul 26 2013 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Catlin Insurance Company Limited (CICL),...
Cooper Gay Help Launch New Lloyd’s Coverholder Business in The Bahamas
Jul 23 2013 // Cooper Gay & Co Ltd, part of the Cooper Gay Swett and Crawford (CGSC) Group, has participated in the establishment of the first Lloyd’s of London coverholder plaque in the Bahamas, as the broker joined an event...
Best Revises Lloyd’s, China Sub, Society, Syndicates Ratings to Positive
Jul 22 2013 // A.M. Best Europe – Rating Services Limited has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of...
People – Southeast
Jul 22 2013 // Following a six-year tenure as Citizens Property Insurance Corp.’s chief financial officer, Sharon Binnun has accepted a position in the private sector. Binnun is joining Cypress Property & Casualty Insurance...
Swiss Re, Lloyd’s Among Insurers Probed on Iran Sanction
Jul 22 2013 // Swiss Reinsurance Co. and Lloyd’s of London, the world’s oldest insurance market, are among insurance companies being probed by New York’s insurance regulator about their compliance with an expanded Iran...
Berkley Life Sciences Now Lloyd’s Coverholder for U.S. Business
Jul 18 2013 // Berkley Life Sciences, a global life sciences underwriter, has been accredited as a Coverholder, in conjunction with Berkley Global Underwriters, LLC, on behalf of Lloyd’s of London. As a Coverholder, Berkley Life...
Lloyd’s Insurer Advent Names Fitzgerald as CEO
Jul 12 2013 // Lloyd’s insurer Advent has named Nigel Fitzgerald as chief executive officer. The company said the appointment completes his planned transition to the CEO role since his arrival at Advent in November, 2012 as chief...
TWFG General Agency Named Lloyd’s Coverholder
Jul 10 2013 // Texas-based The Woodlands Financial Group announced it has been approved as a coverholder at Lloyd’s of London, which authorizes its TWFG General Agency to enter into contracts of insurance and to issue insurance...
Lloyd’s Says High Taxes, Regulation Burden European Firms
Jul 10 2013 // High taxation and new regulations are among the most pressing concerns for senior European company executives, according to a survey by Lloyd’s of London. The Lloyd’s Risk Index survey also found executives...
Chinese Insurer Buying Lloyd’s of London Building
Jul 8 2013 // Ping An Insurance Group Co., China’s second-largest life insurer, agreed to buy the Lloyd’s of London building from a Commerz Real AG-managed fund, two people with knowledge of the transaction said. A Chinese...
Lloyd’s CEO Ward Stepping Down at Year End
Jul 8 2013 // On July 3, Richard Ward, chief executive officer of Lloyd’s, announced his intention to resign at the end this year. “This has not been an easy decision to make but, as Lloyd’s longest-serving CEO, I...
