Lloyd’s has appointed former U.S Senator John Sununu as a member of its Council on a three-year term. During his time in the senate, he served on the Senate Banking Committee – where he actively prioritised insurance issues – and the Senate’s subcommittee on Science, Technology and Innovation. Effective 6 February, the appointment closely follows… Continue reading Lloyd’s Appoints Former U.S Senator John Sununu to Council
Tag: Lloyd’s
Lloyd’s Begins Search for Next Wave of InsurTech Innovators
Lloyd’s Lab, the innovator accelerator launched by the Lloyd’s market last September, is launching a new global search for the next cohort of InsurTech innovators. The programme targets entrepreneurs and start-ups able to develop products, platforms and processes that offer technology driven solutions to some of the challenges faced by Lloyd’s. With the first cohort’s… Continue reading Lloyd’s Begins Search for Next Wave of InsurTech Innovators
Lloyd’s of London COO Shirine Khoury-Haq to Leave
Lloyd’s of London said here on Wednesday its Chief Operating Officer Shirine Khoury-Haq is stepping down, the third big change this year at the insurance market that covers risks from oil rigs to soccer stars’ legs. Khoury-Haq, who has been at Lloyd’s for almost five years, worked to digitize the London reinsurance market. Lloyd’s appointed… Continue reading Lloyd’s of London COO Shirine Khoury-Haq to Leave
Lloyd’s Returns to Profit for the First Half of 2018
Lloyd’s, the specialist insurance and reinsurance market, today announced a profit of £0.6bn for the first half of 2018 with the publication of its interim report. The market’s return to profit follows the severe catastrophe experience in 2017, with the result supported by an improved combined ratio of 95.5% (June 2017: 96.9%). Lloyd’s also reported… Continue reading Lloyd’s Returns to Profit for the First Half of 2018
Hanover to Sell Specialty Unit Chaucer to China Reinsurance for $950 Million
Hanover Insurance Group Inc on Thursday decided to sell its unit that underwrites risks at insurance market Lloyd’s to China Reinsurance Group Corp for $950 million to focus on expanding its domestic business. Shares of Hanover rose as much as 5.32 percent, with the company saying that sale of the unit, Chaucer, would reduce… Continue reading Hanover to Sell Specialty Unit Chaucer to China Reinsurance for $950 Million
Crytocurrency Storage Firm Kingdom Trust Obtains Insurance through Lloyd’s
Kingdom Trust, a company that stores digital currency for investors, has secured insurance coverage through Lloyd’s of London to protect against theft and destruction of those assets, the company said on Tuesday. The move by Kingdom Trust, which has $12 billion in assets, is the latest example of a once-reticent insurance industry stepping up… Continue reading Crytocurrency Storage Firm Kingdom Trust Obtains Insurance through Lloyd’s
Lloyd’s of London Reviews Marine Insurance Market as Losses Mount
Lloyd’s of London Ltd., a syndicate that controls about a fifth of the global marine insurance market, is reviewing a number of loss-making members of its marine unit, a move that could drive up costs for insuring the world’s ocean carriers. The review comes after a loss of $2.6 billion at Lloyd’s last year and… Continue reading Lloyd’s of London Reviews Marine Insurance Market as Losses Mount