All the headlines from our Lloyd's Topic Page, ordered by recency.
Feb 1 2018 // Major global insurers are starting to offer protection against cryptocurrency theft, willing to tackle daunting challenges it brings rather than miss out on this volatile and loosely regulated, but rapidly growing...
Jan 31 2018 // The Lloyd’s Market Association Academy (LMA Academy) announced that, starting in March, it will begin offering a range of technical programs and courses internationally.The expansion builds on the success of the...
Jan 26 2018 // Lloyd’s of London, the world’s oldest insurance market, is experiencing year-on-year growth of 100 percent in some of its Asian markets, where growing economies are fueling demand for cover from the...
Jan 23 2018 // A cyber problem that temporary shuts down a top U.S. cloud computing provider could trigger as much as $19 billion in business losses, only a fraction of which would be insured, Lloyd’s of London said in a report on...
Jan 9 2018 // AXIS Capital Holdings Ltd. announced it has received authorization from Lloyd’s for AXIS Managing Agency Ltd. to commence the management and oversight of Novae Syndicate 2007 and SPS 6129 after its acquisition of...
Dec 21 2017 // Ironshore Inc. announced that its Pembroke Managing Agency has been granted “in principle” approval by the Lloyd’s Franchise Board to create GIC Re’s syndicate at Lloyd’s.“The...
Dec 21 2017 // Hamilton Insurance Group has found a buyer for the legacy book the insurer inherited from its purchase of Sportscover Underwriting Ltd. in April 2015.Syndicate 3330 will buy the business from Hamilton Underwriting Limited,...
Dec 21 2017 // Travelers Europe announced it has appointed Nick Rnjak to lead Travelers Syndicate Management Ltd., its wholly owned platform in the Lloyd’s insurance market.Rnjak most recently served as chief underwriting officer...
Dec 20 2017 // Below are insurers’ plans for EU subsidiaries (in alphabetical order) in case Britain does not have access to the single market after Brexit:ADMIRAL. British motor insurer Admiral Group said last year that it could...
Dec 14 2017 // Pioneer Underwriters announced it has received approval from Lloyd’s for Syndicate 1980 to commence underwriting business attaching on or after Jan. 1, 2018.Pioneer Syndicate 1980 will have a gross premium income of...
Dec 13 2017 // Bretton Woods International (BWI), the specialist insurance broker and managing general agent, has received a license to operate in the UK as an independent broker and, at the same time, is now registered as a...
Dec 13 2017 // Liberty Specialty Markets said it planned to redomicile its UK insurance company to Luxembourg, as a result of Britain’s decision to leave the European Union.Below are insurers’ plans for EU subsidiaries (in...
Dec 12 2017 // After more than two years of red tape that kept tenants from moving in, China’s tallest skyscraper, the Shanghai Tower, has been quietly opening and filling office space.More than 60 companies now occupy office space...
Dec 6 2017 // The Federal Emergency Management Agency (FEMA) is seeking to recover the full $1.042 billion of its reinsurance coverage to help pay the federal flood insurance program’s losses from Hurricane Harvey. Those paid...
Dec 1 2017 // Randall & Quilter Investment Holdings Ltd. announced it has completed the sale of its Lloyd’s managing agency, R&Q Managing Agency Ltd. (RQMA), to Coverys, a provider of medical professional liability...
Nov 29 2017 // The Lloyd’s market has paid claims worth US$1.7 billion, to date, in response to Hurricanes Harvey, Irma and Maria. Earlier this year Lloyd’s estimated a total commitment of US$4.8 billion for the three...
Nov 21 2017 // Sompo International Holdings, a Bermuda-based unit of Japanese insurer Sompo, said it will set up a subsidiary in Luxembourg, in case Britain does not have access to the single market after Brexit.Below are insurers’...
Nov 13 2017 // Dale Underwriting Partners, managed by Lloyd’s third party managing agency Asta, announced that its special purpose arrangement (SPA) has received approval from Lloyd’s. The SPA will reinsure a portfolio of...
Nov 13 2017 // Asta, the third-party managing agent at Lloyd’s, announced that Agora Syndicate 3268 has received approval from Lloyd’s to commence underwriting business attaching on or after Jan. 1, 2018.Agora Syndicate 3268...
Oct 30 2017 // Randall & Quilter Investment Holdings Ltd. (R&Q) announced it has reached agreement with ProSight Specialty Insurance to novate the management of Syndicate 1110 to R&Q Managing Agency Ltd. (RQMA).Day-to-day...