All the headlines from our Lloyd's Topic Page, ordered by recency.
Jul 31 2019 // Arch Capital Group Ltd. has entered into an agreement to purchase Barbican Group Holdings Ltd. from funds managed by Carlson Capital, a U.S.-based alternative asset management firm, subject to regulatory approval.The...
Jul 12 2019 // When the 10-week consultation period for “The Future at Lloyd’s” project ended this week, Lloyd’s confirmed that participation was widespread, with more than 4000 suggestions and comments received...
Jul 11 2019 // AM Besthas affirmed the Financial Strength Rating of “A” (Excellent) and the Long-Term Issuer Credit Ratings of “a+” of Lloyd’s (United Kingdom), Lloyd’s China and Lloyd’s...
Jul 10 2019 // Twenty-five years ago, the Lloyd’s of London marketplace was teetering on the brink of insolvency, reeling from billions of dollars of asbestos and pollution liabilities. Many of the best brains in the market worked...
Jul 10 2019 // Today is the last day when Lloyd’s market practitioners can provide input to the Future at Lloyd’s project, which was first announced on May 1.Chief Executive Officer John Neal at the time encouraged...
Jul 9 2019 // Everest Insurance International announced the addition of Martin Leeks to its Lloyd’s Syndicate 2786 as a medical malpractice and multi-national/ specialty underwriter. Leeks will be responsible for the development...
Jul 8 2019 // Lloyd’s of London wants all insurance and reinsurance policies to clearly state whether coverage will be provided for losses caused by a cyber attack, saying this was in the best interest of both brokers and...
Jul 3 2019 // Lloyd’s has confirmed the mandated targets for electronic placement of risks for the remainder of 2019.For Q3 2019 each syndicate will be required to have written no less than 60% of its risks using a recognized...
Jul 2 2019 // Lloyd’s of London announced that Jennifer Rigby has been appointed chief operations officer (COO).Rigby has been performing the role on an interim basis since March this year, following the departure of former COO...
Jul 1 2019 // The private flood insurance grew again in 2018 but not nearly as much as it grew in 2017. According to the recently released Carrier Management report on “Top Private Flood Insurers, 2019 Market Study,” during...
Jun 26 2019 // A group of Lloyd’s underwriters has launched a new facility with £53 million ($67.5 million) of capacity that is designed to speed up re/insurance product development for new and emerging risks.The Product...
Jun 25 2019 // Tokio Marine Group is putting one of its UK insurance companies, Tokio Marine Kiln Insurance (TMKI), into run-off. Going forward, Tokio Marine Kiln (TMK) will focus on its Lloyd’s businesses.The run-off plan will be...
Jun 25 2019 // Lloyd’s of London has suspended a senior broker at Guy Carpenter & Co. for sending colleagues a sexually suggestive email about a female employee and is planning to take similar action against a second person who...
Jun 24 2019 // Rivals to Lloyd’s of London are riding a rising tide of marine insurance rates, leaving the 330-year-old market behind after it jettisoned sections of its oldest line of business last year.Premiums for marine...
Jun 20 2019 // Randall & Quilter Investment Holdings Ltd. the non-life legacy insurance investor and capacity provider of U.S. and European MGA program business, announced that Ken Randall will step down as group CEO, but will...
Jun 20 2019 // Lloyd’s has gathered a group of industry heavy-hitters — such as Evan Greenberg at Chubb, Dan Glaser at Marsh & McLennan, and John Haley at Willis Towers Watson — to sit on advisory committees that...
Jun 19 2019 // Lloyd’s of London Ltd. is meeting with major U.S. insurers about driving more business through its global insurance market, Chief Executive Officer John Neal said on Wednesday.The 330-year-old insurance market, which...
Jun 19 2019 // The Bank of England called for Lloyd’s of London to demonstrate progress in tackling the insurance market’s culture of sexual harassment.The BOE’s director of insurance supervision Anna Sweeney said she...
Jun 19 2019 // Aspen Insurance Holdings Ltd. announced that Joshua (Josh) Brekenfeld has been appointed director of Global Corporate Development.Brekenfeld joins Aspen from Lloyd’s of London where he spent six years in senior...
Jun 18 2019 // Lloyd’s of London, the 330-year-old insurance market, is pushing to revamp auto coverage as the rise of driverless cars looms. Chief Executive Officer John Neal said that Lloyd’s is talking with automakers...