All Lloyd's of London articles
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NewsEd Gaze: 2020 a ‘good year’ for Lloyd’s Lab, 2021 to be ‘much of the same’
Despite Lloyd’s Lab moving online due to the Covid-19 pandemic, 2020 has had some “real successes” and 2021 will be “much of the same”.
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News
Lloyd’s accentuates the positives despite cloud of Covid-19
Although Covid-19 payouts blew a £6bn hole in Lloyd’s of London’s reported 2020 performance, the market’s chief executive John Neal emphasised that below the surface, progress was continuing.
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News
Lloyd’s reports 2020 full year results
Lloyd’s today announced an aggregated market loss of £0.9bn for 2020 (2019: £2.5bn profit), including net incurred COVID-19 losses of £3.4bn after reinsurance recoveries.
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News
Lloyd’s to stop insuring fossil fuel projects by 2030
The London market will aim to reduce premium income from fossil fuel to just 2% of premium income by 2022
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News
Blueprint Two is Lloyd’s ‘rubber hits the road moment’ – John Neal
Blueprint Two is Lloyd’s of London’s “when rubber hits the road moment,” according to its chief executive John Neal.
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News
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.
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News
Lloyd’s pandemic losses worse than predicted, says chairman Carnegie-Brown
The insurance market previous estimated losses would be around the $107bn mark, but has revised that figure upwards
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News
Lloyd’s told new blueprint requires total London Market support
In launching the Blueprint Two report, Lloyd’s chairman Bruce Carnegie-Brown said the impact of the Covid-19 pandemic , which has led to a shift towards remote working, had hastened the market’s ambitions.
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News
FCA outlines key drivers of harm for Lloyd’s and London Market in new ‘Dear CEO’ letter
The letter, which is targeted at Lloyd’s and the London Market intermediaries and MGAs, provides an overview of the areas of focus within the regulator’s supervision strategy
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Viewpoints
Lloyd’s sets out recommendations for building simpler insurance products in response to COVID-19
Lloyd’s 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.
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News
Lloyd’s launches new report on cities at risk from global threats
Lloyd’s, today announced a new report: Cities at risk – Building a resilient future for the world’s urban centres , published in association with Urban Foresight and Newcastle University. Using four global trends, the report analyses the risks affecting cities now, and in the future, and how these threats ...
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News
Lloyd’s has launched a new “first-of-its-kind” business interruption policy for SMEs
Parametrix Insurance offers simple and reliable coverage by removing the traditional indemnity trigger that most insurance policies today use. Instead, the new solution uses a parametric trigger, meaning that the policy automatically pays out if a customer’s critical IT services – such as cloud, e-commerce or payment systems – are ...
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News
Lloyd’s of London backs FCA BI test case ruling
Lloyd’s of London has welcomed the FCA test case ruling as it will “bring coverage clarity for many policyholders with certain non-damage business interruption cover extensions. This is according to a statement released by Lloyd’s.
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People & Opinion
Lloyd’s Appoints US Market Development Director
Lloyd’s today announced the appointment of Uwe Schoberth as US Market Development Director, a newly created role focused on expanding strategic relationships with retail, wholesale and reinsurance brokers in its largest market.
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News
Lloyd’s of London expecting to pay out £5bn in claims, despite reporting stronger solvency position
Lloyd’s of London expects to pay out up to £5bn in Covid-19 customer claims on a gross basis, with £2bn of this figure being reinsured. It announced a loss of £0.4bn pre-tax for the first six months of 2020, compared to £2.3bn in 2019.
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News
Lloyd’s of London becomes target for climate campaigners as underwriting room reopens
As Lloyd’s of London reopens its underwriting room today, campaigners voiced their concerns at its doors, urging the insurance marketplace to drop insurance and investments in coal and tar sands projects. Lloyd’s of London workers were met with some climate protesters raising their concerns as they returned to work after ...
