Lloyd’s of London
Lloyd’s Reviews Insurance Contracts Due to COVID-19
Lloyd's of London is reviewing the way insurance products are designed and sold as it calls for simpler products in response to the coronavirus pandemic, the commercial insurance market said on ...
London Company Market Premium Jumped 10 Percent in 2019
Premium income for the London company market grew by 10 percent last year with £21.4 billion ($27.7 billion) of large commercial and wholesale risks underwritten by firms in the City. A new report ...
Lloyd’s CEO Neal Predicts Appeal Regarding UK Business Insurance Ruling
Lloyd's of London Chief Executive John Neal said on Thursday he expected a London judgment, which ordered some insurers to compensate struggling businesses for losses during the COVID-19 pandemic, to ...
Insurers, Banks Wait for Regulatory ‘Brexit’ Dividend in UK
Britain will adopt tough but less bureaucratic financial rules after Brexit, starting with simpler regulation of small banks, Bank of England Deputy Governor Sam Woods said on Tuesday. Britain will ...
Despite COVID Losses, Lloyd’s Underlying Underwriting Results See Big Improvement
While Lloyd's overall results in the second half were hit by £2.4 billion ($3.12 billion) of COVID-19 claims, the market's underlying underwriting performance saw a "huge improvement," which Chief ...
Lloyd’s Records $520M H1 Loss Stemming From COVID-19 Claims
Lloyd's of London recorded a pretax loss of 400 million pounds ($520.08 million) in the first half, battered by the coronavirus pandemic, the commercial insurance market said on Thursday. Insurers ...
Post-Brexit Discussions Pulled From Agenda for EU Envoys’ Meeting
A discussion about the negotiations over Britain and the European Union's post-Brexit relationship has been dropped from the agenda of a meeting of EU envoys next week because the talks have stalled, ...
Marco Capital Will Pursue European P/C Runoff Opportunities
Newly-launched Marco Capital Holdings Limited plans to pursue property/casualty insurance run-off opportunities in Continental Europe, the UK and Lloyd's of London. Marco enters the European run-off ...