Lloyd's

Lloyd's

Legal, Lloyd's, London, Political Risk, Regulation, Risk Management

London market strikes deal over UN-fair cover delays

After two years of negotiations, The Lloyd’s Market Association (LMA) has said it has ended over two years of negotiations and finally reached an agreement over the insurance of troops and equipment by the United Nations.

Lloyd's, London, Regulation, Regulation, Renewals, Results

Ward spells out evolution of market under Darwin

Lloyd’s CEO Richard Ward has said the market has to realise that its antiquated legacy systems are in need of radical change if it is to prosper.

Brokers, Energy, Lloyd's, London, Risk Management

New agency targets nuclear risks

With 2011 seeing the debate of the use of nuclear power intensified after the failures at the Fukushima nuclear plant in the wake of the Japanese tsunami and earthquake, a new facility has been announced this week for the placing of nuclear risks.

Asia Pacific, Catastrophe, Flood, Lloyd's, Losses, Run Off

Argenta announce closure of managed Asian syndicate

Singapore-based Lloyd’s Syndicate 1965 has become the latest victim of the regions catastrophe strewn year as it announced that it will no longer be accepting new business.

Catastrophe, Lloyd's, London, Losses, Results, Risk Management

Lloyd’s at a loss and not only over lack of pricing discipline

Lloyd’s Chief Executive Richard Ward has hit out at the global insurance industry for its decision not to meet the second worst claims year in history with a rise in premium rates.

Lloyd's, London, Mergers & Acquisitions, Treaty

Partnership opens One Lime Street to Asian reinsurer

China Re is to enter the Lloyd’s market after striking a deal with Underwriting group Catlin...

Broking, Lloyd's, Process Reform

Xchanging takes full control of broker initiative

Xchanging has announced is now assumed full control of Xchanging Broking Services Limited, the Enterprise Partnership it formed with Aon Limited in 2006.

Asia Pacific, Lloyd's, Marine

Lloyd’s writes direct first

Lloyd’s has said it has issued its first direct insurance policy in China through its fully owned subsidiary – Lloyd’s Insurance Company (China) Limited.

Financial Institutions, Lloyd's, London

Lloyd’s is eighties icon

It has been described as an oil rig, Willy Wonka’s chocolate factory, a life support machine and even an eye sore by some.

Energy, Lloyd's, North America, Offshore, Risk Management

Education key to market’s success in liability debate

Marine and energy underwriters in the Lloyd’s market he said they will continue to push for further talks with U.S. politicians over the liability limits for oil pollution.

Aviation, Europe, Lloyd's, Losses, Regulation

Hull values fall as ash casts cloud over aviation industry

While Western Europe’s air transport systems remained crippled this week there was further bad news for the industry with research showing aircraft values have plunged in the past year.

Broking, Lloyd's, Market Reform, MGA, North America

AAMGA in Lloyd's process change

The powerful Association of Managing General Agents (AAMGA) said it believes that there will be a new system in place by the end of the year which will speed up and streamline the information its members provide to Lloyd’s.

Broking, Lloyd's, London

Successful visit for intern winners to Lime Street

Two members of the Houston broking community have returned to Texas after a fortnight getting a truly hands on experience of how the Lloyd’s insurance market operates.

Energy, Lloyd's, North America, Onshore

Competition grows for onshore oil and gas in the US

The already competition onshore oil and gas market in the US has seen two new entrants in the space of two weeks with both Torus and Lloyd’s group Chaucer basing underwriters in Houston.

Broking, Lloyd's, North America, Results

US Reinsurance reform close to ratification

The years of discussion lobbying and debate over the perceived inequality of the US reinsurance regulations could be set to come to an end as the National Association of Insurance Commissioners (NAIC) look set to endorse its far-reaching reorganisation plans next month.

Liability, Lloyd's, London, Terrorism

Insurers warned on synthetic DNA science risk

Lloyd’s has warned that the industry need to be invited to play a significant role in the global debate over the use of synthetic biology.

Broking, Latin America, Lloyd's, Treaty

Brazil reinsurance operation opens for Lloyd’s operator

The Lloyd’s underwriting operation of US giant Liberty Mutual has opened two reinsurance offices in Brazil.

Broking, Lloyd's, London

New property reinsurance operation for Lloyd’s

Bermudian underwriting group Ironshore is to reshape its property reinsurance operations with the launch of a new underwriting facility in Lloyd’s.

Financial Institutions, Lloyd's, London, Market Reform, Rates

UK insurance Plc feels the pinch as recession bites

The London market’s performance in 2008 was the key to the ability of the UK insurance sector to rise out the economic crisis new figures reveal.

Facultative, Financial Institutions, Lloyd's, MENA, Treaty

Reinsurance JV to be launched in Bahrain

The growing Middle East reinsurance market has a new underwriter with the announcement by one of the region’s leading reinsurers that it is to form a joint venture with Lloyd’s group Hardy Underwriting.

Liability, Lloyd's, MENA, Political Risk, Risk Management, Terrorism

Current political risks demand new type of coverage

The political risk market is facing a need to re-evaluate its products for the coverage of “pure political risk” to meet client demand for greater efficiency and transparency.

Financial Institutions, Lloyd's, London

Take over Lloyd’s Syndicate from Chaucer amid re-domicile talk

Chaucer Holdings is the latest of the trio of major Lloyd’s underwriting group which are still domiciled in the UK to be rumoured to be looking to re-domicile.

Broking, Lloyd's, London

Ward calls for market to endorse exchange

Lloyd’s Chief Executive Richard Ward has called on the market to drive the development of the Lloyd’s Exchange as it seeks to push the use of technology in the world’s oldest insurance market

Claims, Energy, Lloyd's, North America, Rates

Chaucer and Willis in energy platform deal

Lloyd’s underwriting group Chaucer has announced it has formed a strategic partnership with broker Willis Group’s subsidiary Global Special Risks, (GSR), to create a new energy platform for US energy risks.

Facultative, Liability, Lloyd's, London

Canopius recruits engineering team

The largest privately-owned insurance operation in the Lloyd’s market Canopius Managing Agents Limited (Canopius), has announced it is to broaden its entry into ther consttuction and engineering sectors recruiting a leading market experts to spearhead the move.

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