All the headlines from our Lloyd's Topic Page, ordered by recency.
Mar 24 2009 // Lloyd’s announced an overall profit for 2008 of £1.899 billion ($2.78 billion), a 50 percent drop from the £3.846 billion ($5.64 billion) it posted in 2007, but given current economic conditions, a...
Mar 23 2009 // Are professional sports the next terrorist targets? The terrorist attack on Sri Lanka’s cricket team in Lahore (Pakistan) “highlights the vulnerability of sporting events to terrorist disruption,” warned...
Mar 17 2009 // Arch Insurance Company (Europe) Limited, a subsidiary of Bermuda-based Arch Capital Group Ltd., announced that it has received approval from Lloyd’s to establish a new syndicate, which is slated to commence...
Mar 9 2009 // A bulletin on the Lloyd’s of London web site (www.lloyds.com) notes that yesterday, March 8 was International Women’s Day, which has been “observed since the early 1900s. It is an opportunity to share and...
Mar 9 2009 // Despite all the technical changes, Lloyd’s of London continues to adhere to its century’s old tradition of accepting the most unusual risks. It has just agreed to cover the tongue of Gennaro Pelliccia, Costa...
Mar 3 2009 // The end of more than 20 years of litigation may be in sight, following a recent UK Appeals Court ruling in favor of Lloyd’s against claims of fraud from a number of individual ‘Names.’Lloyd’s press...
Feb 9 2009 // Lloyd’s might be better known for its historic insurance market and its iconic modern building, but it also participates in a number of charitable activities in and around London. This year Lloyd’s is...
Feb 6 2009 // Lloyd’s has announced the following appointments to its Council and Franchise Board: — Lord Levene was re-elected as Chairman of Lloyd’s; — Andreas Prindl was elected as a Deputy Chairman, and Ewen...
Jan 30 2009 // ACE announced that it is extending its Environmental Risk capabilities by writing the company’s portfolio of Environmental Liability products at Lloyd’s.“ACE’s suite of environmental products is now...
Jan 26 2009 // W. Marston (Marty) Becker, Chairman and CEO of the Bermuda-based Max Capital Group has issued a letter addressed to the Company’s shareholders, employees and other stakeholders updating them on Max Capital’s...
Jan 25 2009 // Find a need, then fill it,” is a hoary business principle, but making it work is often harder than it looks. However, a number of British insurers have taken it to heart and have built substantial profit centers...
Jan 23 2009 // “The string of natural catastrophes that wreaked havoc in 2008, costing the global economy $225 billion and leaving insurers with their second costliest year in history, graphically highlights the increasing risks to...
Jan 22 2009 // The Bermuda-based Arch Capital Group announced that the Company has received approval in principle from the Lloyd’s Franchise Board and the Financial Services Authority (FSA) to establish a new managing agent and...
Jan 21 2009 // An article on the Lloyd’s web site (www.lloyds.com) discusses plans by the International Underwriting Association for making claims payment a top priority for 2009. The IUA aims to double the number of new claims...
Jan 20 2009 // Lloyd’s Chairman, Lord Peter Levene, has called for insurers to contribute to the debate about the future of financial markets, citing better regulation as the key way forward.In an article on the Lloyd’s web...
Jan 16 2009 // The Lloyd’s Exchange pilot initiative (See IJ web site – https://www.insurancejournal.com/news/international/2009/01/13/96927.htm] was formally introduced on Thursday to the general approval of all concerned....
Jan 13 2009 // Lloyd’s announced that it has selected IBM to deliver the Lloyd’s Exchange pilot. “The Exchange will allow market participants to transfer risk information to each other using electronic messaging...
Jan 11 2009 // For the moment the economic recession is driving the global stagecoach, while climate change is riding shotgun, but it’s not as bad as it could be.Reports from Europe point to the fact that the P/C industry’s...
Jan 8 2009 // The Market Reform Group (MRG), which sets priorities for London’s insurance industry, has announced its plans to, in its words, “deliver a new growth spurt that will further cement London as the market of...
Jan 7 2009 // Lloyd’s announced that it has obtained a license to write direct general insurance business in Guernsey. “Before now Lloyd’s has been viewed as a ‘Recognized Insurer’, which has meant...