All the headlines from our Lloyd's Topic Page, ordered by recency.
Mar 9 2023 // Lloyd’s reported an interim full-year 2022 loss before tax of £800 million ($947.6 million) as a result of investment losses of approximately £3 billion ($3.6 billion).This compares to a profit of £2.3 billion...
Feb 17 2023 // RiverStone International, the largest provider of legacy solutions in the Lloyd’s market, announced it has secured an innovative multi-year excess-of-loss corporate member reinsurance cover.The reinsurance has been...
Feb 15 2023 // RiverStone International, a leading acquirer and reinsurer of legacy and discontinued insurance business, has completed an agreement with MS Amlin Underwriting Ltd. to provide MS Amlin Syndicate 2001 with a...
Feb 15 2023 // Caribbean Risk Group LLC. (CRG), the U.S. Virgin Islands-based insurance agency, announced the launch of its London operations, CRG International Ltd. The brokerage in London will act as an appointed representative of...
Feb 9 2023 // Lloyd’s of London announced that Andrew Brooks has been appointed as deputy chair of the Council of Lloyd’s.Brooks recently stepped down as chief executive officer of Ascot Underwriting Ltd. – a position he...
Feb 3 2023 // Westfield has completed the acquisition of Lloyd’s of London Syndicate 1200 from Argo Group International Holdings Ltd. for about $125 million.The deal was first announced in September 2022. Westfield said this...
Feb 1 2023 // Danish Insurer Tryg Names Brammer as CEO, Succeeding HübbeThe Supervisory Boards of Tryg A/S and Tryg Forsikring A/S announced that Group Chief Executive Officer (CEO) Morten Hübbe has decided to step down. Hübbe (51)...
Feb 1 2023 // Lloyd’s of London will hand some staff an extra £1,500 ($1,850) to cover rising living costs as inflation persists into 2023.The insurance exchange told staff Tuesday that those earning less than £75,000 would...
Jan 9 2023 // This edition of International People Moves details appointments at AXA XL, Liberty Specialty Markets (LSM) and MS Amlin.A summary of these new hires follows here. AXA XL Promotes Coxall to Head of Underwriting Mgmt, UK...
Dec 22 2022 // A cargo insurance facility providing cover for shipments via Ukraine’s grain export corridor will continue next year with no rate increases, an underwriter with Lloyd’s of London insurer Ascot said on...
Dec 20 2022 // Sompo International, the Bermuda-based provider of commercial and consumer property and casualty re/insurance, announced that it has completed the transfer of its Endurance at Lloyd’s (EAL) run-off business to...
Dec 12 2022 // Lloyd’s Elects Aon’s Dudley as Council Member, Succeeding ChristianLloyd’s of London, the commercial insurance and reinsurance marketplace, has elected Richard Dudley to the Council of Lloyd’s,...
Dec 6 2022 // Bailey Named Chair of Aon UK Ltd. BoardAon plc, a leading global professional services firm, today announced that it has named Marshall Bailey as non-executive chair of the Aon UK Limited Board, effective Jan. 31, 2023....
Nov 21 2022 // Lloyd’s announced that the market’s claims from Hurricane Ian are estimated to be in the range of US$2.3 billion – US$3 billion, net of reinsurance, based on Q3 data provided by Lloyd’s...
Nov 15 2022 // Antares announced that Antares Global Management (Bermuda) Ltd. (AGML Bermuda) has received approval from Lloyd’s to operate as a Lloyd’s in-house coverholder.This will enable AGML Bermuda to write...
Nov 10 2022 // Lloyd’s of London predicts that England will beat Brazil and emerge victorious at the 2022 FIFA World Cup – with France, Argentina and Spain falling just behind.Lloyd’s is going for a hat-trick of...
Nov 8 2022 // Independent Lloyd’s retail broker Servca Group announced the acquisition of Medicas, an independent insurance specialist that offers a wide range of medical indemnity, medical malpractice and healthcare liability...
Nov 2 2022 // Lloyd’s of London insurer Ascot is once again quoting on its cargo insurance facility for the Black Sea grain corridor, the facility’s lead underwriter said on Wednesday after Russia announced it would resume...
Oct 31 2022 // Lloyd’s of London insurer Ascot is suspending writing cover for new shipments using the Ukrainian grains corridor in the Black Sea until it has more clarity about the situation there, a senior official said on...
Oct 28 2022 // Aircraft leasing firm Dubai Aerospace Enterprise (DAE) has filed a London lawsuit against 11 insurers, including Lloyd’s of London, AIG, Chubb and Swiss Re, two months after it wrote off almost $600 million for 19...