Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Top Stories of the Year – International
Dec 24 2006 // 2. Changing Reinsurance Rules In March, Lloyd’s Chairman Lord Peter Levene finally got the attention of U.S. regulators. At a meeting in Florida, the National Association of Insurance Commissioners agreed to set up a...
Best Affirms Amlin’s Lloyd’s Syndicate 2001 ‘A’, ‘a+’ Ratings
Dec 22 2006 // A.M. Best Co. has affirmed its Syndicate Rating of “A” (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 2001, which is managed by Amlin Underwriting Limited (AUL). Best...
Lloyd’s Insures Famous Santa’s Beard
Dec 20 2006 // Lloyd’s may have become a lot more focused on technology, underwriting discipline and the bottom line in recent years, but that doesn’t mean it’s been neglecting its tradition of writing innovative and...
Lloyd’s Stresses Commitment to Goals of Three-year Plan
Dec 15 2006 // In his introduction to the latest progress report on Lloyd’s three-year plan, CEO Richard Ward noted that the current version “builds on the 2006-2008 plan issued in January. It includes our vision and...
New Report from Benfield Sees Lloyd’s ‘Venturing Forward’
Dec 12 2006 // A report from international broker Benfield’s Industry Analysis and Research team entitled “Venturing Forward,” notes that Lloyd’s focus “has turned firmly forward” following the...
Best Affirms Beazley’s Lloyd’s Syndicate 2623 & 623 Ratings
Dec 8 2006 // A.M. Best Co. has affirmed its Syndicate Ratings of “A” (Excellent) and the issuer credit ratings (ICR) of “a+” of Lloyd’s Syndicate 2623 and Lloyd’s Syndicate 623, managed by the...
ICAT Establishes Syndicate at Lloyd’s of London
Dec 1 2006 // ICAT Holdings LLC announced the creation of a new underwriting syndicate at Lloyd’s of London, designated as ICM Syndicate 4242, to support the company’s underwriting of catastrophe-exposed properties...
ICAT Establishes Syndicate at Lloyd’s of London
Nov 30 2006 // Boulder, Colo.-based ICAT Holdings LLC has created a new underwriting syndicate at Lloyd’s of London, designated as ICM Syndicate 4242, to support the company’s underwriting of catastrophe-exposed properties...
Lloyd’s Claims Specialists Heed CEO’s Call for Electronic Processing
Nov 22 2006 // A number of Lloyd’s leading claims experts have come out in support of CEO Richard Ward’s call for the London market to start processing claims electronically as soon as possible. An article on the...
Lloyd’s Names Barred from Action Against U.K. Government
Nov 13 2006 // A decision by Justice Langley, of the High Court in London, has dismissed a class-action lawsuit brought by Lloyd’s “Names”, individual investors, against the British government for the financial losses...
Lloyd’s Announces New Marine Underwriting Charter Policy
Nov 9 2006 // A bulletin on the Lloyd’s Website (www.lloyds.com) announced that its underwriters are “to provide the capacity for what is believed to be a world first for shipowners. The policy, Seacure60 is a cancellation...
Lloyd’s James Tells PCI Threats to Industry Still Exist
Nov 7 2006 // Julian James, Lloyd’s Director Worldwide Markets, told delegates at the PCI Conference in Seattle that, despite the industry’s “current good fortune, I could make a strong case that we are still standing...
Business Moves
Nov 5 2006 // Affirmative Insurance Holdings, USAgencies Affirmative Insurance Holdings Inc., Addison, Texas, and privately-held USAgencies L.L.C., based in Baton Rouge, La., announced a definitive agreement under which Affirmative will...
MarketScout Approved as Lloyd’s Coverholder
Nov 2 2006 // Dallas, Texas-based MarketScout, the eInsurance Exchange, has been approved as a Lloyd’s Coverholder. The approval process requires an extensive examination of the candidate’s underwriting capabilities,...
Lloyd’s Releases Second ‘360 Report’ on Climate Change
Nov 1 2006 // Lloyd’s has released the second installment of its “360 Climate Change” series, entitled “What next for climate change?” Last June it published the first installment, entitled “Climate...
Catlin/Wellington Finalize Share Offer; Merger to Create Lloyd’s Largest Underwriter
Oct 30 2006 // The Boards of Directors of Catlin Group Limited and Wellington Underwriting Plc have agreed on the terms of a recommended Offer to be made by Catlin for the whole of the issued and to be issued share capital of Wellington....
Quanta Moves Ahead on Deal with Chaucer to Form Pembroke
Oct 26 2006 // Quanta Capital Holdings Ltd. announced that its Lloyd’s business has taken a step forward in the formation of the Pembroke Managing Agency Limited with the signing of “definitive documents with Chaucer Holdings...
Aon Re Intercedes with A.M. Best for Lloyd’s Clients
Oct 25 2006 // Aon Re Global, the Chicago-based reinsurance broker, notes that it “recently facilitated communications between rating agency A.M. Best and Lloyd’s that resulted in a clarification of Best’s treatment of...
RMS Licenses Cat Model to Lloyd’s Beaufort Syndicate.
Oct 24 2006 // Newark, Calif.-based Risk Management Solutions (RMS), which provides products and services for the management of catastrophe risk, announced that Beaufort Underwriting Agency Ltd., on behalf of its managed syndicate MSF...
Berkshire Hathaway’s National Indemnity in Deal to Back then Acquire Lloyd’s Equitas
Oct 20 2006 // Broadway producers call them “angels:” rich people who put up the money to fund their shows. In that sense, Equitas, the Lloyd’s vehicle set up in 1996 to run off a mountain of asbestos and environmental...
