Latest Lloyd's Headlines

All the headlines from our Lloyd's Topic Page, ordered by recency.

European Banks, Lloyd’s of London Develop Coronavirus Contingency Plans

Mar 5 2020 // Global banks and small investment firms in Europe are urging staff to work from home and curb travel as the financial industry braces for disruption from the rapidly spreading coronavirus outbreak.For many companies it...

Lloyd’s Promotes Miesowitz to Succeed Retiring Gunset as U.S. General Counsel

Mar 4 2020 // Lloyd’s of London has promoted Sabrina Miesowitz to U.S. general counsel to succeed Joe Gunset who is retiring from the role after almost 20 years at Lloyd’s. Miesowitz, who was formerly the deputy U.S. general...

Lloyd’s Launches Cryptocurrency Wallet Insurance Policy

Mar 2 2020 // Lloyd’s has launched an insurance policy to protect cryptocurrency held in online wallets against theft or other malicious hacks.The first of its kind liability policy, with flexible limits from as little as £1,000...

AIG Taps Hancock from Lloyd’s as CEO of International General Insurance

Feb 27 2020 // American International Group Inc. announced that Jon Hancock has been appointed chief executive officer, International General Insurance.In this role, Hancock will lead the International operations of AIG’s General...

Future-at-Lloyd’s Modernization Project Moves from Blueprint to Construction

Feb 26 2020 // Since Lloyd’s first announced the blueprint for its Future at Lloyd’s project on Sept. 30, it has been busy working to get the ideas off the page and convert them into a set of actions that can be implemented...

Members of Lloyd’s New Cultural Advisory Group Include Mental Health Specialists

Feb 13 2020 // Lloyd’s has announced the membership of its new, independent Culture Advisory Group, which has been set up as part of its action plan to drive long-term cultural changes in the market.Lloyd’s started its...

Insurers Rush to Exclude Coronavirus Epidemic from Event-Cancellation Protection

Feb 13 2020 // Businesses looking to buy cancellation insurance for events around the world will not be able to get cover for the new coronavirus outbreak, industry sources said, as insurers rush to exclude the epidemic from their...

The Unique Requirements of a Lloyd’s Syndicate-in-a-Box

Feb 4 2020 // Lloyd’s developed the concept of a syndicate-in-a-box (SiaB) to make it easier for innovative capital to enter the market, but there are certain requirements and differences compared to traditional syndicates.The...

Lloyd’s 1st Syndicate-in-a-Box, Operated by Munich Re, Aims to Be an Innovation Lab

Feb 4 2020 // Lloyd’s of London is expecting big things for 2020 as it rolls out the key initiatives for its massive modernization project designed make it easier to do business with Lloyd’s and, ultimately, reduce the cost...

Is the Re/Insurance Industry Ready for the Fourth Industrial Revolution?

Jan 29 2020 // Industry transformations occur when the pain of staying the same is suddenly greater than the pain of changing, according to Karen White, CEO of RMS.“The second thing that has got to be present for those...

Sompo International Hires Allied World’s James to Run International Insurance Business

Jan 23 2020 // Sompo International Holdings Ltd., a Bermuda-based specialty property and casualty re/insurer, announced that Julian James will soon join the organization to lead the London market and international insurance...

Lloyd’s Performance Management Director Hancock to Step Down in 2020

Jan 14 2020 // Lloyd’s announced that Jon Hancock has decided to step down as performance management director in 2020.At the same time, Lloyd’s also announced that Julia Tyson has been named chief human resources officer,...

Coverys European Holdings Buys AEC SpA, Rome-Based Lloyd’s Coverholder, Broker

Jan 9 2020 // Coverys European Holdings Ltd. (CEH), the London-based agency platform that invests in managing general agencies (MGAs) in Europe and the U.K., announced it acquired AEC SpA, a Lloyd’s coverholder, broker, third...

American Financial Group Decides to Exit Lloyd’s, Putting Neon into Run-off

Jan 7 2020 // American Financial Group (AFG) disclosed it will exit the Lloyd’s of London insurance marketplace in 2020, which it joined in 2008 through an acquisition. AFG will place its Lloyd’s subsidiaries including its...

FEMA Renews $1.3 Billion Reinsurance for Flood Program with 27 Carriers

Jan 6 2020 // The Federal Emergency Management Agency (FEMA) FEMA reported its 2020 traditional reinsurance placement for the National Flood Insurance Program (NFIP) in a transaction in which 27 private reinsurers assumed $1.33 billion...

Tysers (a.k.a. Integro) Completes Acquisition of Specialist Lloyd’s Broker RFIB

Jan 6 2020 // Integro Insurance Brokers Holdings Ltd., the parent of U.K.-based firm Integro Insurance Brokers Ltd., which trades under the Tysers brand, announced it has completed its acquisition of Risk Transfer Group (RTG), the...

U.K. MGA Optio Buys Political Violence and Terrorism MGA, Newbridge Risk Partners

Jan 3 2020 // Optio, the London-based MGA that comprises Ascent Underwriting, Cove Programs and broker Bay Risk Services, announced it has acquired specialist political-violence and terrorism MGA Newbridge Risk Partners from Castel...

Bank of England Enhances Scrutiny of Lloyd’s Whistleblower Systems

Dec 23 2019 // The Bank of England has stepped up its monitoring of Lloyd’s of London’s whistleblowing systems, the central bank said on Monday, after reports this year about sexual harassment and bullying at the 330-year old...

Former Lloyd’s CEO Beale, Grant Thornton CEO Chipman Join Clyde Law Firm Board

Dec 11 2019 // Insurance law firm Clyde & Co has appointed two independent board members to its management board – the first such positions at the firm. Former Lloyd’s of London CEO Dame Inga Beale and former Grant Thornton...

Victor Launches Lloyd’s Syndicate 2288; Frances Named Active Underwriter

Dec 10 2019 // Victor Insurance Holdings, managing general underwriter, has received approval from Lloyd’s if London to establish Victor Syndicate 2288 and commence underwriting effective January 1, 2020 with stamp capacity of...