Lloyd’s News

Firms Helping Boat Owners Test Waters of ‘Sharing Economy’

Getting out on the open sea, wind in your hair, enjoying the ride with your family and friends. Then there’s the boat payments, storage fees, fuel, maintenance and repair β€” these costs can quickly sink the dream of boat ownership. …

Berkley Life Sciences Now Lloyd’s Coverholder for U.S. Business

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 Sciences is able to secure locally accepted insurance …

TWFG General Agency Named Lloyd’s Coverholder

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 documentation under a Lloyd’s registered binding authority. …

IICF Northeast Division Awards Record Total of Grants

The Insurance Industry Charitable Foundation (IICF) Northeast division made its largest-ever distribution of charitable grants at its sixth annual benefit dinner on Wednesday, Dec. 12. The total amount of awarded grants is $960,000. David Brinkman, chair of the IICF Northeast …

NYC Marathon Organizers Likely to Get Millions From Event Insurance

The New York Road Runners — a non-profit community running group and the organizer of the annual New York City Marathon — could get millions of dollars in insurance proceeds thanks to its event cancellation coverage. The New York Road …

Lloyd’s Report Focuses on ‘Gap’ in Disaster Costs and Insurance Coverage

A new report from Lloyd’s notes that the “the world has been battered by natural catastrophes in recent years, revealing a serious gap between the economic cost of natural catastrophes and the levels of insured risk.” Recently published research, Lloyd’s …

Fitzpatrick Named ANV Chief Operating Officer; Will Lead U.S. Expansion

ANV Holdings BV, the Dutch-headquartered specialty insurance business and owner of Lloyd’s Syndicate 1861, announced that Sean Fitzpatrick has joined its executive team as chief operating officer of the ANV Group, as well as leading ANV’s underwriting expansion efforts in …

Lloyd’s America Names Northeast Region Director in Boston

Lloyd’s, the world’s specialist insurance market, appointed Glenn Dorr as director of Lloyd’s America’s Northeast region.The Northeast region is one of four established by Lloyd’s America in late 2010 to reinforce Lloyd’s commitment to its distribution partners in this historically …

Best Affirms Markel International, Lloyd’s Syndicate Ratings; Outlook Stable

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a+” of UK-based Markel International Insurance Company Limited (MIICL) and Lloyd’s Syndicate 3000. The outlook for all ratings remains …

Risk Managers’ Top 3 Concerns: Interest Rates, Currency Markets, Regulations

Interest rates, volatile currency markets and changing regulations are the top three things keeping risk managers from their sleep. Those are the conclusions summarized in an article on the Lloyd’s web site that revues the findings of the “The Risk …