Delos Insurance Solutions, which uses wildfire science and satellite imagery expertise to solve homeowners’ wildfire insurance availability issues, today announced it will offer wildfire insurance to more California policyholders with vacant properties.
Tag: Lloyds of London
Lloyd’s Reports Outstanding 2023 Results
Lloyd’s, the world’s leading marketplace for insurance and reinsurance, today announces its Full Year 2023 financial results, which demonstrate solid profitability on both the underwriting and investment sides, and a strong balance sheet.
Lloyd’s Execs Urge Underwriting Vigilance as Hard Market Persists
Lloyd’s executives urge underwriters to maintain discipline even as the current hard market continues as perils emerge with their uncertainties.
Lloyd’s Invests in Lab Alumni for Cyber, Modeling Solutions
Lloyd’s said it made the first two investments from its Central Fund private markets allocation to support two Lloyd’s Lab alumni — Axio and REOR20 — to develop their insurance solutions within the London insurance market.
Lloyd’s of London Sees Profits Double to GBP3.9B in Six Months
Lloyd’s of London said that it had more than doubled its profit in the first six months of the financial year as it boasted of a “bulletproof balance sheet”.
Lloyd’s in Talks with UN Over New Black Sea Grain Insurance Cover
Lloyd’s of London is in talks with the United Nations over providing insurance cover for Ukrainian grain shipments if a new Black Sea corridor deal can be reached, its CEO John Neal told Reuters on Thursday.
Lloyd’s Estimates Hurricane Ian Claims Up to $3 Billion
Lloyd’s announced that claims from Hurricane Ian are estimated to be in the range of $2.3bn – $3bn net of reinsurance.
Lloyd’s of London Investigates Possible Network Breach
The commercial insurance market said on Wednesday that Lloyd’s of London is investigating a possible cyber attack, with companies on high alert for intrusions as a result of the conflict between Russia and Ukraine. “Lloyd’s has detected unusual activity on its network and we are investigating the issue,” a Lloyd’s spokesperson said by email, adding… Continue reading Lloyd’s of London Investigates Possible Network Breach
Lloyd’s of London’s Ascot, Marsh Provide Marine Cargo Insurance for Ukraine Sea Corridor
Lloyd’s of London insurer Ascot and broker Marsh on Friday launched marine cargo and war insurance for grain and food products moving from Ukrainian Black Sea ports on Friday, removing a barrier to getting shipments underway. Last week, Russia and Ukraine signed an agreement brokered by Turkey and the United Nations to reopen war-damaged grain… Continue reading Lloyd’s of London’s Ascot, Marsh Provide Marine Cargo Insurance for Ukraine Sea Corridor
Appeal Court Rules JPMorgan Chase Entitled to Insurance Coverage in Bear Stearns Settlement
On Tuesday, the New York Supreme Court ruled that JPMorgan Chase & Co is entitled to insurance coverage for $140 million of a Securities and Exchange Commission settlement with the former Bear Stearns Cos over improper mutual fund trading. The Court of Appeals ruled 6-1, overturning a lower court ruling, that the $140 million was… Continue reading Appeal Court Rules JPMorgan Chase Entitled to Insurance Coverage in Bear Stearns Settlement