Lloyd’s News

Lloyd’s Will Name and Shame Sexual Harassers It Bans from Market: CEO

Lloyd’s of London will publicly name and shame anyone it bans from its insurance market for sexual harassment, according to Chief Executive Officer John Neal. “When we do see instances of bad behavior, and let’s hope they are infrequent, we …

Lloyd’s Forms Plan for Safe, Inclusive Working Environment After Harassment Reports

Lloyd’s announced “a robust plan of action to address reports of sexual harassment in the Lloyd’s market and create a safe and inclusive working environment.” The plan includes possible lifetime bans for perpetrators of sexual harassment. This set of actions …

Lloyd’s to Include Women on Governance Committee After Harassment Reports: Times

Lloyd’s of London plans to appoint women to its all-male nominations and governance committee to improve diversity and will convert the pub beneath its offices into a coffee shop in an attempt to phase out its drinking culture, the Sunday …

Lloyd’s Comments on Reports of Rampant Sexual Harassment in the Marketplace

In the era of #MeToo when the ills of sexual harassment are regularly in the news, a recent article published by Bloomberg Businessweek indicates that some men working in the London insurance market still haven’t gotten the message about appropriate …

Lloyd’s Appoints Spink as Head of Global Operations

Lloyd’s has appointed Hayley Spink as head of Global Operations. In her new role Spink will provide operational leadership for Lloyd’s internal and market-wide programs, reporting to chief operating officer, Shirine Khoury-Haq. She joined Lloyd’s in 2007 and has served …

Lloyd’s Chairman Carnegie-Brown Reflects on Life of Former Chairman Rowland

Bruce Carnegie-Brown, chairman of Lloyd’s, issued this market bulletin on Feb. 18, 2019 about the life and death of Sir David Rowland, who was chairman of the market between 1993 and 1997. It is with great sadness that I am …

Crypto Startup BitGo Offers Insurance Against Quadriga Cold-Wallet Debacle

While users of the troubled Quadriga CX cryptocurrency exchange remain unable to retrieve millions in funds, a startup backed by mainstream companies such as Goldman Sachs says they’re able to offer some protection. BitGo Inc., which provides custodian services on …

UK Probe of Wholesale Brokers Finds No Evidence of Anti-Competitive Behavior

Britain’s wholesale insurance brokers got a clean bill of health from the markets watchdog on Wednesday, providing some relief for an industry already spending millions of pounds on Brexit. London’s insurance market, which spans the Lloyd’s of London market and …

Ascot and Beazley Launch $50M Insurtech-Linked Cargo Consortium for SMEs

Ascot and Beazley announced the launch of a Lloyd’s-based cargo consortium, which uses insurtech solutions to help manage risk and claims performance. Led by Ascot and Beazley, the consortium brings together a range of cargo carriers that will provide a …

Ex-CEO of QBE N. America Duclos Named Non-Exec Chairman of Lloyd’s Global Network

Lloyd’s has appointed David Duclos as non-executive chairman of Lloyd’s Global Network, where he will play a key advisory role in the development of Lloyd’s international network. Duclos will take up the position at Lloyd’s immediately. He has had extensive …