Lloyd’s News

UK to Ban Russian Companies From London Aviation Insurance Market

LONDON — Britain will ban Russian companies from the multi-billion dollar aviation and space insurance market in London, the world’s largest commercial and speciality insurance center, the finance ministry said on Thursday. Russian companies in the aviation or space industry …

People Moves: Lloyd’s Names Gomez People Officer; McMillan Joins Brace Specialty From Canopius

Lloyd’s Names Gomez as Chief People Officer Lloyd’s of London has appointed Sara Gomez as chief people officer (CPO). As CPO, she will focus on developing Lloyd’s talent, leadership and inclusion strategy. She brings experience as a CPO from a …

COVID-19 Cases Are Dropping, but Many UK Employees Still Opt to Work From Home

With pandemic restrictions in the UK largely gone, offices are getting busier. Yet vast numbers of desks still remain empty. Even with COVID-19 case numbers flat or falling in the UK, U.S. and much of Europe, many employees are still …

LMA Announces ‘At-the-Box’ or ‘In-the-Office’ Availability for Lloyd’s Underwriters

The board of the Lloyd’s Market Association (LMA) has announced cross-market consensus on underwriters’ in-person availability – either at the Lloyd’s Underwriting Room or in the office. The commitment ensures Lloyd’s underwriters generally will be physically present for in-person trading …

Threat of War in Ukraine Biggest Risk for Insurers of Beijing Winter Olympics

The threat of war between Russia and Ukraine is the biggest risk for insurers offering coverage during the Beijing Winter Olympics as an outbreak of hostilities could force team withdrawals or appearance cancellations, industry sources say. Olympic Games, top events …

Greenlight Re Innovations Gets ‘In-Principle’ Nod to Launch Lloyd’s Syndicate

Greenlight Re Innovations (GRI), part of Cayman Islands-headquartered Greenlight Capital Re Ltd., has received “in-principle” approval from Lloyd’s to establish an insurtech-focused syndicate. Syndicate 3456, which will commence operations in the second quarter of 2022, will be established under Lloyd’s …

Insurtech MIC Global Receives ‘In-Principle’ Approval to Launch Lloyd’s Syndicate

Insurtech MIC Global has received “in-principle” approval from Lloyd’s for the creation of MIC Global Insurance Syndicate 5183. UK-based MIC Global provides end-to-end digital micro insurance products, providing cover for millions of people and businesses that are unserved by current …

People Moves: Lloyd’s Names Chubb’s Miller as Commercial Dir.; Chubb Promotes Meyer to Switzerland Country Pres.; WTW Hires Aon’s Weda for Corp. Risk & Broking, Benelux

This edition of International People Moves details appointments at Lloyd’s, Chubb and Willis Towers Watson (WTW). A summary of these new hires follows here. Lloyd’s Names Chubb’s Miller as Commercial Director Lloyd’s announced the appointment of Dawn Miller as its …

Lloyd’s Weighs Future of Headquarters as Market Embraces Flexible Working

Lloyd’s of London is reviewing its real estate needs as the historic insurance market embraces flexible working. “As we adapt to new structures and flexible ways of working, we are continuing to carefully think about the future requirements for the …

Lloyd’s Forms New Operational Structure to Deliver Blueprint 2 Modernization Program

Lloyd’s announced a new operational structure for the delivery of its transformational Blueprint Two program, following the departure of Lloyd’s Chief Operations Officer (COO) Jennifer Rigby. Rigby leaves Lloyd’s on Jan. 21, and under the new structure, Burkhard Keese, currently …