Latest Lloyd's Headlines

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

Cobalt & Capita Plan to Launch Lloyd’s 1st Fully Shariah Compliant Syndicate

Oct 19 2016 // Cobalt Insurance Holdings Ltd. and Capita Managing Agency Ltd. (CMA) have announced they have taken a significant step in the launch of Lloyd’s first fully Shariah compliant syndicate after receiving “in...

Lloyd’s Names Revilla as Head of Latin America

Oct 17 2016 // Lloyd’s has appointed Daniel Revilla as head of Latin America responsible for enhancing business relationships and trading rights across the region for the benefit of the Lloyd’s market.He will also assume the...

Insurance Industry Urged to Weigh Shift to Intangible Risks

Oct 14 2016 // Panelists at a recent New York event hosted yesterday by Lloyd’s, the world’s specialist insurance market, and the American Security Project, a nonpartisan national security think-tank, urged the insurance...

Finance Execs Should Slash Their Pay to Win Back Trust in Business: Lloyd’s CEO

Oct 13 2016 // Finance executives should consider slashing their own paychecks as the U.K. works to exit the European Union in order to win back the trust of people who have lost faith in large businesses, according to Lloyd’s of...

ProSight Appoints Green & Kennet as Senior Leaders for Its Lloyd’s Operation

Oct 12 2016 // Morristown, N.J.-based ProSight Specialty Insurance has made two key appointments to the management team of its Lloyd’s operation, ProSight Specialty Managing Agency.Philip Green becomes finance director while...

Immigration Rhetoric Threatens UK’s Status as Financial Center: Lloyd’s Chairman

Oct 11 2016 // Lloyd’s of London Chairman John Nelson said the government’s rhetoric on immigration threatens to hurt the U.K.’s status as a global center for finance. “We need to make sure we keep the U.K. very...

Dutch Insurer NN Group Launches Bid to Buy Delta Lloyd for €2.4B

Oct 6 2016 // NN Group NV, the largest Dutch insurer by market capitalization, has launched an unsolicited offer to buy smaller rival Delta Lloyd NV for 2.4 billion euros ($2.7 billion) in cash.NN Group said on Wednesday it was offering...

Brit Receives Preliminary Approval from Lloyd’s to Launch Syndicate 2988

Sep 26 2016 // Brit Ltd., the London-based specialty insurer, has received in principle approval* from the Lloyd’s Franchise Board to launch a new syndicate, Syndicate 2988.The syndicate plans to begin underwriting business...

Asta Gets Preliminary Lloyd’s Approval to Manage Blenheim Syndicate 5886

Sep 23 2016 // Asta, the Lloyd’s third party managing agent, announced it has received “in principle” approval* from the Lloyd’s Franchise Board to establish and manage Blenheim Syndicate 5886.Asta expects to...

Lloyd’s Insurer Advent Names Gray as Direct & Facultative Property Consultant

Sep 23 2016 // Lloyd’s insurer Advent has appointed Jonathan Gray as consultant for its direct & facultative (D&F) property division. He takes up his role with immediate effect and will report to Nigel Fitzgerald, CEO.Gray...

Lloyd’s to Move Some Business to EU if UK Loses Post-Brexit Passporting

Sep 22 2016 // The Lloyd’s of London insurance market is already working on plans to move some business to the European Union, aiming to be ready for the shift as soon as Britain starts divorce proceedings from the bloc, its...

Low Prices Ultimately Could Bite London Market Insurers: A.M. Best, PwC Reports

Sep 19 2016 // The business outlook for the London insurance market is a familiar one across other global markets: underwriting profits are under pressure as ongoing soft market prices begin to take a toll.In separate reports on the...

AIG Selling Stake in Ascot Lloyd’s Syndicate; Will Keep Bermuda, Reinsurance Ties

Sep 16 2016 // American International Group Inc. has agreed to sell its interest in Ascot Underwriting Holdings Ltd. (AUHL) and related syndicate-funding subsidiary Ascot Corporate Name Ltd. to Canada Pension Plan Investment Board...

Lloyd’s Enjoys ‘Healthy Pipeline’ of Entrants Despite Brexit, Chairman Says

Sep 15 2016 // The Lloyd’s of London insurance market has a queue of companies wanting to join, Chairman John Nelson said on Monday, even as Britain’s vote to leave the European Union casts doubt over its European...

To Cut Costs, Reinsurers Should Lower Brokers’ Fees, Says Lloyd’s Chairman

Sep 15 2016 // Reinsurers, forced to cut prices for four years in a row, should target brokers’ fees as the industry seeks to reduce costs, according to Lloyd’s of London Chairman John Nelson.The brokers need to cut profit...

Prospect General in California Tribunalized by Lloyd’s

Sep 13 2016 // La Jolla, Calif.-based program administrator Prospect General Insurance Agency announced its tribunalization by Lloyd’s of London. Being named a coverholder allows Prospect General access to the Lloyd’s...

Hancock Exits RSA for Role at Lloyd’s

Sep 12 2016 // General insurer RSA said that Jon Hancock, managing director of UK commercial lines and global broker relationship director, is leaving RSA to take up the role of director of Performance Management at Lloyd’s of...

Lloyd’s Wins Right to Keep Oklahoma Quake Damage Lawsuit in New York

Sep 8 2016 // Lloyd’s of London has kept its lawsuit against New Dominion LLC over fracking out of the state where the ground is shaking.A federal judge in New York agreed Wednesday to decide the lawsuit by Lloyd’s seeking...

UK Risks Losing Lloyd’s & London Market Insurers on Brexit: Lloyd’s Chairman

Sep 6 2016 // Lloyd’s of London and other insurers will be forced to move part of their businesses to the European Union if they fail to access the single market following Britain’s decision in June to leave the bloc,...

EU Passporting Essential for Lloyd’s Market Position in Post-Brexit World: Fitch

Sep 1 2016 // The UK’s exit from the European Union, or “Brexit,” could lead to a loss of business for Lloyd’s of London unless the UK government is able to negotiate passporting arrangements to maintain access...