Lloyd’s, the world’s leading marketplace for the underwriting of commercial, corporate and specialty risk solutions, today announced it has secured a landmark £650 million five-year cover for the Central Fund which supports sustainable, profitable long-term market growth. The new and unique structure will also provide increased protection for Lloyd’s customers and the market against severe… Continue reading Lloyd’s Places Innovative Cover to Support Long-Term Market Growth
Tag: Lloyds of London
NRA Ordered to Reveal Witnesses to Back Claim of N.Y. Threat
A judge ordered the National Rifle Association to provide the names of Lloyd’s of London agents or employees who the gun rights group says have information backing its claim that New York’s insurance regulator bullied the company into severing ties with the NRA. Maria Vullo, who led the Department of Financial Services from 2016 to… Continue reading NRA Ordered to Reveal Witnesses to Back Claim of N.Y. Threat
Climate Protesters Target Lloyd’s of London with Coal Dump
Climate activists continued a series of protests in London on Friday morning, dumping a pile of fake coal outside the Lloyd’s of London building, blocking the entrance. The Insurance Rebellion group accused Lloyd’s insurers of fueling climate change by supporting fossil fuel projects including the Adani Carmichael coal mine in Australia. Lloyd’s has said it… Continue reading Climate Protesters Target Lloyd’s of London with Coal Dump
COVID Pushes Lloyd’s of London to $1.2B Loss in 2020
The coronavirus pandemic pushed Lloyd’s of London to a 900 million pound ($1.24 billion) pre-tax loss in 2020, compared with a 2.5 billion pound profit in 2019, the commercial insurance market said on Wednesday. The 330-year old market, home to around 100 syndicate members, expects to pay out 3.4 billion pounds in 2020 COVID-19 claims… Continue reading COVID Pushes Lloyd’s of London to $1.2B Loss in 2020
WaterColor Enhances Its Water Treatment & Water Well Contractors Program through Lloyd’s
WaterColor Management, a Managing General Underwriter and Program Manager, announced today a partnership with certain underwriters at Lloyd’s of London to enhance its Water Treatment & Water Well Contractor Programs. Lloyd’s offers WaterColor the opportunity to provide competitive General Liability, Pollution Liability, Professional Liability, and Excess Liability products to thousands of water treatment, drilling, septic… Continue reading WaterColor Enhances Its Water Treatment & Water Well Contractors Program through Lloyd’s
Lloyd’s of London Shuts Underwriting Floor Except on Wednesdays
Lloyd’s of London will keep its underwriting room open on Wednesdays only, the commercial insurance market said on Monday, after London was among English regions put under tighter Tier 4 COVID-19 restrictions at the weekend. Lloyd’s also kept the underwriting floor open on Wednesdays only during a national lockdown in November. The floor was shut… Continue reading Lloyd’s of London Shuts Underwriting Floor Except on Wednesdays
Lloyd’s Report Highlights Reputation As One of the Most Valuable Intangible Assets to Global Businesses
Lloyd’s, the world’s leading specialist insurance and reinsurance market, today published a new report in collaboration with KPMG, which looks at the role of the global (re)insurance industry in providing risk transfer solutions and adapting to the increasingly complex reputational risk landscape. The new report: ‘Safeguarding reputation – Are you prepared to protect your reputation?’… Continue reading Lloyd’s Report Highlights Reputation As One of the Most Valuable Intangible Assets to Global Businesses
Lloyd’s Discusses Underwriting Emerging Risks within the Sharing Economy
Lloyd’s participants gathered during the latest “Tuesdays with Lloyd’s – Virtual Roadshow” to discuss ways to help organisations manage the risks associated with these new business models and new ways of life. Chris Moore, Head of ibott and Deputy Head of Casualty at Apollo Syndicate 1969, provided an insight into insurance solutions for the sharing… Continue reading Lloyd’s Discusses Underwriting Emerging Risks within the Sharing Economy
Lloyd’s Launches 2021 Transformation Plan with Blueprint Two
Blueprint Two is a compelling two-year programme that brings to life the ambitions published in Blueprint One (September 2019), with tangible solutions that will radically shift the market to a digital ecosystem, powered by data and technology – ultimately delivering better value at a lower cost for its customers. The comprehensive programme and priorities detailed… Continue reading Lloyd’s Launches 2021 Transformation Plan with Blueprint Two
Lloyd’s Sets Out Recommendations for Building Simpler Insurance Products in Response to COVID-19
Lloyd’s, the world’s leading specialist insurance and reinsurance market, today published a new report, Building simpler insurance products to better protect customers, which sets out a number of ways the global insurance industry could remove complexity and provide enhanced coverage clarity for their customers. The COVID-19 pandemic has set in motion irreversible societal change around… Continue reading Lloyd’s Sets Out Recommendations for Building Simpler Insurance Products in Response to COVID-19