All the headlines from our Lloyd's Topic Page, ordered by recency.
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...
Oct 30 2017 // RFIB Group Ltd., the Lloyd’s insurance and reinsurance broker, announced the launch of RFIB (Singapore) Pte Ltd.The new operation will serve as a hub for the continued development of RFIB’s presence across...
Oct 27 2017 // The Toa Reinsurance Co. and Barbican Insurance Group announced they have received “in principle” approval from the Lloyd’s Franchise Board to establish Toa Re Special Purpose Arrangement (SPA 6132) to be...
Oct 18 2017 // The Massachusetts Supreme Judicial Court has reversed a Superior Court decision in favor of a law firm in a legal malpractice suit.The plaintiff, Kiribati Seafood Company LLC, brought the legal malpractice claim against...
Oct 18 2017 // Risk Cooperative, a specialized insurance and risk advisory firm, has been approved as a Lloyd’s coverholder giving it the ability to provide up to $10 million in stand-alone cyber insurance coverage.Risk Cooperative...
Oct 16 2017 // Catastrophe losses from the recent U.S. hurricanes and Mexican earthquakes will lead to price rises on London market insurers’ loss-affected lines and could also affect wider market pricing trends, according to Fitch...
Oct 16 2017 // Lloyd’s broker AFL Insurance Brokers Ltd (AFL) announced the appointment of Neil Crouch to lead its new wholesale property practice.Previously head of broking at Lockton, Crouch will pioneer the company’s...