Latest Lloyd's Headlines

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

ANV in Strategic Deal with Ryan Specialty for Lloyd’s Managing Agency Jubilee

Sep 17 2013 // ANV Holdings BV, the Dutch-headquartered specialty insurance business founded by CEO R. Matthew Fairfield, and Ryan Specialty Group, LLC announced that they have entered into an agreement to combine their Lloyd’s...

Video Interviews – Coming to Your Screen – a Sneak Preview

Sep 16 2013 // Over the next several weeks we will be releasing a series of video interviews, recorded at the Reinsurance Rendez-vous in Monte Carlo. They are wide ranging, covering a number of topics. They will air the views from some...

New Capital Means Big Disaster Won’t Boost Reinsurance Rates: Lloyd’s CEO

Sep 10 2013 // Even a major disaster would be unlikely to push up reinsurance prices given the amount of capital currently available to back policies, said Richard Ward, chief executive officer of Lloyd’s of London.“What is...

Chubb’s Lloyd’s Syndicate Announces Cyber Security Offering

Sep 5 2013 // Chubb’s London office announced the availability of cyber security insurance through its Lloyd’s Syndicate, Chubb 1882. It is “based on Chubb’s successful US offering, the product combines...

Best Expresses Concerns over London Market Placement Deals

Sep 5 2013 // A.M. Best has been studying the recent innovation in the London insurance market, exemplified by the arrangement between Aon and Berkshire Hathaway announced in March, which automatically shares a percentage of premiums...

Lloyd’s Chairman Nelson Says Insurance Investment Boom Creates Risk

Sep 5 2013 // A flood of investment capital into structures linked to insurance could lead to instability and spark a new financial crisis if left unsupervised, a top official has warned.Billions of dollars from investment funds has...

Former Lloyd’s Chairman Max Taylor Joins Pioneer Underwriting Board

Sep 3 2013 // Former Lloyd’s Chairman Max Taylor Joins Pioneer Underwriting BoardRecently formed – April 2011 – Pioneer Underwriting Limited announced that industry veteran Max Taylor has been appointed as Chairman of the...

Lloyd’s Internal Probe Said to Be Focus of New York’s Iran Sanctions Inquiry

Aug 29 2013 // A New York regulatory investigation of Lloyd’s of London for possible violations of Iran sanctions law has led to a government request for files of an internal probe by the insurer, a person familiar with the matter...

No Ratings Change for Syndicate 2010 from Lancashire Acquisition Says Best

Aug 9 2013 // A.M. Best Europe – Rating Services Limited has commented that the financial strength rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 2010,...

Mitsui Sumitomo at Lloyd’s Hires 2 Professional Indemnity, D&O Specialists

Aug 7 2013 // UK non-life insurer Mitsui Sumitomo at Lloyd’s has hired two experienced underwriters as its Syndicate 3210 seeks to diversify its products and distribution to capitalize on significant international...

Lloyd’s Comments on Record Cannes Jewelry Heist

Aug 6 2013 // An article on the Lloyd’s of London website notes that the value of diamonds stolen in an armed robbery in Cannes on July 28 “has been estimated at nearly £90 million [€100 million, $133 million], making it...

Best Affirms Catlin Group and Subs Ratings; Outlook Stable

Jul 26 2013 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Catlin Insurance Company Limited (CICL),...

Cooper Gay Help Launch New Lloyd’s Coverholder Business in The Bahamas

Jul 23 2013 // Cooper Gay & Co Ltd, part of the Cooper Gay Swett and Crawford (CGSC) Group, has participated in the establishment of the first Lloyd’s of London coverholder plaque in the Bahamas, as the broker joined an event...

Best Revises Lloyd’s, China Sub, Society, Syndicates Ratings to Positive

Jul 22 2013 // A.M. Best Europe – Rating Services Limited has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of...

People – Southeast

Jul 22 2013 // Following a six-year tenure as Citizens Property Insurance Corp.’s chief financial officer, Sharon Binnun has accepted a position in the private sector. Binnun is joining Cypress Property & Casualty Insurance...

Swiss Re, Lloyd’s Among Insurers Probed on Iran Sanction

Jul 22 2013 // Swiss Reinsurance Co. and Lloyd’s of London, the world’s oldest insurance market, are among insurance companies being probed by New York’s insurance regulator about their compliance with an expanded Iran...

Berkley Life Sciences Now Lloyd’s Coverholder for U.S. Business

Jul 18 2013 // Berkley Life Sciences, a global life sciences underwriter, has been accredited as a Coverholder, in conjunction with Berkley Global Underwriters, LLC, on behalf of Lloyd’s of London. As a Coverholder, Berkley Life...

Lloyd’s Insurer Advent Names Fitzgerald as CEO

Jul 12 2013 // Lloyd’s insurer Advent has named Nigel Fitzgerald as chief executive officer. The company said the appointment completes his planned transition to the CEO role since his arrival at Advent in November, 2012 as chief...

TWFG General Agency Named Lloyd’s Coverholder

Jul 10 2013 // Texas-based The Woodlands Financial Group announced it has been approved as a coverholder at Lloyd’s of London, which authorizes its TWFG General Agency to enter into contracts of insurance and to issue insurance...

Lloyd’s Says High Taxes, Regulation Burden European Firms

Jul 10 2013 // High taxation and new regulations are among the most pressing concerns for senior European company executives, according to a survey by Lloyd’s of London.The Lloyd’s Risk Index survey also found executives were...