Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Busher to Head Montpelier Re Europe
Apr 7 2008 // Montpelier Re Holdings Ltd. Has appointed Thomas G.S. Busher as Head of European Operations, effective July 1, 2008. He is a “founding member of Montpelier’s management and is Deputy Chairman and Chief...
Lloyd’s Leaders Comment on Results
Apr 7 2008 // Title According to an article on the Lloyd’s web site (www.lloyds.com), leading figures in the Lloyd’s market have welcomed the record results for 2007 and acknowledge the strength of the market to face the...
Lloyd’s Welcomes Overhaul of U.S. Regulations
Apr 7 2008 // Lloyd’s has welcomed the focus given to international issues in the US Treasury Blueprint for modernizing the US financial regulatory structure. The report sets out how the US Treasury believes financial regulation,...
Lloyd’s 2007 Results; +$7.6 Billion
Apr 3 2008 // Lloyd’s announced a pre-tax profit of £3.846 billion ($7.622 billion) for 2007, compared to £3.662 billion ($7.26 billion) in 2006. Gross written premiums were down slightly at £16.366 billion ($32.346 billion)...
Argo Makes Offer for Lloyd’s Heritage; Conference Today; Best Comments
Apr 3 2008 // The Bermuda-based Argo Group International Holdings has made an offer to acquire Heritage Underwriting Agency, Plc, a successful Lloyd’s insurer. The transaction is subject to “relevant legal and regulatory...
2008 Aviation Outlook Unclear
Mar 31 2008 // Capacity for aviation coverage appears to be increasing, but, as claims are also on the rise, the outlook for the year ahead is not one that is easy to predict. Aon aviation industry analyst, Magnus Allan, commented...
Aspen Starts New Lloyd’s Syndicate
Mar 31 2008 // Aspen Insurance Holdings Limited has received approval from Lloyd’s to establish a new Lloyd’s Syndicate. Designated Syndicate 4711 with the pseudonym of “ASP,” it will commence underwriting from...
Lloyd’s Appoints Janusz First Polish Rep
Mar 27 2008 // Lloyd’s has appointed Witold Janusz as its first representative for Poland. “His primary role will be working on the process of gaining a full establishment license for Lloyd’s in Poland,” said the...
Climate Change Under World Spotlight
Mar 24 2008 // Swiss Re’s latest sigma study on natural catastrophes and man-made disasters in 2007 concludes that they killed over 20,000 people and cost the insurance industry $70 billion, $28 billion related to property claims....
Former La. Lawmaker: Restitution Cash from Insurance Co. Liquidation
Mar 20 2008 // Former Louisiana Senate president Michael O’Keefe, serving 19.5 years for stealing from a failed medical malpractice insurance company, said he and his codefendants plan to pay $4.7 million in restitution by using...
And Now – ‘Nose’ Insurance from Lloyd’s
Mar 19 2008 // A rose is a rose and a nose is a nose, but very few noses are valued at €5 million ($7.8 million). However, if you’re in the wine business, being able to “taste/smell” the wine you’re producing is...
Lloyd’s on ‘Cyber Risks’
Mar 14 2008 // Tom Sheffield, Technical Director at Aon, pointed out that businesses are typically at ease with physical security systems, but when it comes to online matters there appears to be a lack of knowledge. Companies must think...
Coastlines at Risk from Increased Development
Mar 12 2008 // As more and more of the world’s population moves closer to the sea, the coastal developments being constructed to accommodate the migration raise growing concerns about coastal erosion. That’s the message in an...
Lloyd’s Examines Third Party Liabilities from ‘Space Junk’
Mar 5 2008 // Lloyd’s examines the potential liabilities from falling space debris, following the U.S. North American Aerospace Defense Command’s (NORAD’s) successful destruction of a U.S. spy satellite. The article on...
Hiscox 2007 Net up 18% to $471M
Mar 4 2008 // Bermuda-based Hiscox Ltd. posted a strong profit gain in 2007. Results, released yesterday, March 3, showed a record setting £237.2 million ($471 million) pretax profit, compared to £201.1 million ($399.5 million) in...
Lloyd’s is a UK Leading Business Brand
Feb 27 2008 // Lloyd’s announced that it has been selected as “one of the UK’s strongest business brands…and the highest rated insurance organization – in the Business Superbrands 2008 list.” Lloyd’s...
‘Managing the Cycle’ Remains No. 1 Priority, Lloyd’s Survey Finds
Feb 24 2008 // Lloyd’s of London has published its fourth annual underwriting survey, which reveals that “managing the insurance cycle” remains the most important issue for the industry in 2008 with 93 percent of...
Lloyd’s Analyzes Southeast Asia Terrorism Threat
Feb 22 2008 // Lloyd’s has warned that businesses operating in Southeast Asia “need to better understand that the Asian terrorism threat is unique, complex and specific to the region.” Lloyd’s and the...
Lloyd’s Poll Finds Financial Instability is Main 2008 Risk
Feb 20 2008 // According to a recently conducted survey of 138 underwriters, Lloyd’s found that the instability of global financial markets is the single factor that will have the most impact on the insurance industry during 2008....
Lloyd’s Market Reform Group Sees End of Paper Processing
Feb 20 2008 // The slipcases at Lloyd’s are slowly going the way of the buggy whip. In a recent announcement the Market Reform Group (MRG) published details of the arrangements which, it said, “will see the end of paper...
