All the headlines from our Lloyd's Topic Page, ordered by recency.
Nov 11 2008 // Bowring, Marsh’s International Specialist Broker, announced new efforts to make its placement leadership meet the requirements of its clients by creating “five bespoke risk transfer products covering property,...
Nov 10 2008 // The Bermuda-based Max Capital Group has completed the previously announced acquisition of Imagine Group (UK) Limited, a Lloyd’s insurance operation, from Imagine Insurance Company Limited.“Imagine Lloyd’s...
Oct 31 2008 // Pirate attacks on the world’s shipping have been increasing at an alarming rate. “Last week the Piracy Reporting Centre (PRC) confirmed a dramatic increase in piracy attacks on merchant vessels in the third...
Oct 30 2008 // Standard & Poor’s Ratings Services has affirmed its ‘BBB-‘ counterparty credit ratings on Max Capital Group Ltd. and Max USA Holdings Ltd. The outlook on both companies remains positive. “The...
Oct 24 2008 // Montpelier Re Holdings Ltd. announced that it has received approval from the UK’s Financial Services Authority (FSA) and Lloyd’s to establish a wholly owned Lloyd’s Managing Agent subsidiary. The new unit...
Oct 21 2008 // Lloyd’s has announced that its provisional loss estimates for Hurricanes Gustav and Ike will be approximately £1.3 billion ($2.34 billion). The estimate covers both on and offshore claims from both storms, and...
Oct 21 2008 // Jubilee Managing Agency, a specialist Lloyd’s insurer, has announced the appointment of Andreas Loucaides, the former CEO of Catlin UK, as Director of Underwriting “to expand its portfolio and diversify its...
Oct 20 2008 // Bermuda-based Flagstone Reinsurance Holdings Limited has entered into an agreement to acquire Marlborough Underwriting Agency Limited, the managing agency for Lloyd’s Syndicate 1861.The Syndicate underwrites a...
Oct 17 2008 // ACE Europe announced that it has extended broker access to its market-leading Directors & Officers (D&O) portfolio by writing commercial D&O risks at Lloyd’s.Commercial D&O is now available...
Oct 13 2008 // London Market reform technology specialists TriSystems announced that their Universal Messaging Gateway (UMG) suite is now available via the Internet in a move, which the Company says will “be widely seen as a...
Sep 26 2008 // A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and the issuer credit rating (ICR) of “bbb” of Germany’s SCHWARZMEER UND OSTSEE Versicherungs-Aktiengesellschaft SOVAG...
Sep 25 2008 // Lloyd’s has reported interim results, which show a marked decline in profits for the first six months of 2008. Nonetheless, compared to what’s been happening in the global financial sector (where Lloyd’s...
Sep 23 2008 // Lloyd’s has welcomed the first group of candidates to be accepted in to its graduate program. The nine graduates have spent the past week learning about Lloyd’s and the London Insurance Market, meeting their...
Sep 18 2008 // A.M. Best Co. has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 33, which is managed by Hiscox Syndicates Limited...
Sep 17 2008 // Rolf Tolle, Lloyd’s Franchise Performance Director, speaking at the International Union of Marine Insurers’ Conference in Vancouver, noted that low inflation, huge rises in commodity prices and the growth of...
Sep 16 2008 // A bulletin on the Lloyd’s web site (www.lloyds.com) notes that the National Association of Insurance Commissioners (NAIC) has confirmed it will meet “to consider the proposal to end collateral requirements...
Sep 11 2008 // The UK High Court has issued a civil restraining order, which enjoins former Lloyd’s Names from bringing further lawsuits against Lloyd’s without first seeking permission from the court to do so.Lloyd’s...
Sep 10 2008 // A new report published by Lloyd’s, as part of its “360 project,” and Risk Management Solutions (RMS), warns that “without adaptation, insurance losses from coastal flooding for high-risk properties...
Sep 9 2008 // Lloyd’s announced the appointment of Eric Gao, formerly Director & General Manager of Swiss Re’s Beijing branch, as its new CEO for Lloyd’s Reinsurance Company (China) Ltd.He “will focus on...
Sep 9 2008 // Oxygen Insurance Brokers, a Lloyd’s accredited London Market insurance intermediary, announced the expansion of their specialist reinsurance division, Oxygen Re, with the incorporation of Oxygen Insurance (Bermuda)...