All lloyd's articles – Page 2
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Beazley sponsors first London Bridge cat bond at Lloyd’s
The Aon-brokered 144A excess of loss cat bond provides $100m of multi-year protection for named storm and earthquake events affecting the US, Canada and Caribbean.
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Lloyd’s agrees deal with Ping An to stay on One Lime Steet to 2035
The iconic Lloyd’s building will continue to play host to the subscription re/insurance market for at least another decade, after a deal with its Chinese owner.
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AXA XL appoints Gosselin as CUO for UK and Lloyd’s
The re/insurer’s new London market chief underwriter joins from Liberty Mutual, where he was global leader for energy and transition risk, and a former CUO of Liberty Specialty Markets.
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Blueprint Two delayed after LMA request
A statement from Lloyd’s confirms phase two of its digital transformation plan is being pushed back from October 2024 to April 2025 after a request from the LMA’s board.
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O’Shea appointed CFC CEO after misconduct investigation by Lloyd’s
CFC announces senior management changes following the completion of an investigation by Lloyd’s into allegations of non-financial misconduct at the company, without disclosing the details of the probe or any allegations made.
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Lloyd’s launches consultation on insuring lower-carbon economy transition
The Lloyd’s market has released a consultation on its roadmap for insuring the transition to a green economy.
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Canopius Asia CEO Newman takes up UK role
Mark Newman takes over as UK CEO of Canopius, departing his current role leading the London-based re/insurance carrier across Asia Pacific.
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Two new members elected to Lloyd’s Council, both deputy chairs re-elected
Sean McGovern, CEO for the UK and Lloyd’s at re/insurer AXA XL, is one of those elected to the Lloyd’s Council.
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Lloyd’s reveals global economy exposed to $3.5trn major cyber attack
A systemic risk scenario from Lloyd’s focused on “a hypothetical but plausible cyber-attack”, with the US, China and Japan hardest hit.
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Oka gets Lloyd’s ‘in principle’ approval for Asta-managed SIAB 1922
A new “syndicate in a box” gets the nod from Lloyd’s to go ahead, expecting to begin underwriting at the start of next year.
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Howden Ventures innovation hub launches with £500m capacity
New incubator backed by delegated underwriting capacity from backed by Lloyd’s underwriters, including Tokio Marine Kiln, Chaucer, and Liberty Specialty Markets. Its first investment was named as CetoAI, a marine technology firm.
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Lloyd’s rebounds with £3.9bn profit for H1 2023
The Lloyd’s market has released its interim results, including a combined ratio of 85.2%.
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Brazilian broker Latin Re gets Lloyd’s broking licence
Founded in 2019, Latin Re becomes the first Brazilian brokerage to secure a Lloyd’s licence.
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Lloyd’s veteran Peter Spires steps down as general counsel
Head of legal Claire Schrader assumes the role of general counsel at Lloyd’s on an interim basis.
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Lloyd’s appoints Clement as its corporate affairs director
Rebekah Clement takes up what is a newly created role for Lloyd’s of London.
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London market in the vanguard of Ukraine reconstruction plans
What has been agreed in London to support Ukrainian reconstruction? Marsh McLennan, Lloyd’s, Aon and VIG joined G7 Governments in pledging their support to rebuild Ukraine’s shattered economy.
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Howden, Fidelis MGU strike deal to transfer oil from tanker off Yemen
Tanker FSO Safer has been moored in a state of disrepair off war-torn Yemen since 2015, a ticking timebomb for an environmental disaster.
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Turk appointed to CUO role at Lloyd’s
Lloyd’s has appointed Rachel Turk, formerly head of strategy at London market re/insurer Beazley, to a new chief underwriting officer role for the insurance and reinsurance market.
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Opinion: Lloyd’s NHS plan flies in the face of rising exposure fears
You would be forgiven for thinking the last thing the industry would do is seek to increase its exposure to a future pandemic
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Lloyd’s reveals 2022 loss after paying out £21 billion in claims
With prices increasing by 8%, the Lloyd’s market has now seen 20 consecutive quarters of positive price improvement