Lloyd’s of London
UK Government Forms $12.5 Billion Reinsurance Backstop for Trade Credit Insurers
The UK government has created a £10 billion (US$12.5 billion) reinsurance scheme designed to help businesses during the COVID-19 pandemic by guaranteeing transactions insured by trade credit ...
Hiscox, RSA, Other Carriers Will Join UK Pandemic Cover Test Case
Insurers including Hiscox , RSA and QBE will take part in a UK test case to decide whether their policies should pay out millions of pounds to companies hit by the coronavirus pandemic, the industry ...
Lloyd’s COVID-19 Claims Payouts to Rival 9/11 Terror Attacks
Lloyd's of London revealed it will pay claims in the range of $3 billion to $4.3 billion as a result of the COVID-19 pandemic. This payout is on par with the Sept. 11 terrorist attacks, which cost ...
UK Agency Reportedly Targets July Court Date on Business Interruption Insurance
Britain's Financial Conduct Authority (FCA) aims to get business interruption insurance policies examined by a court as soon as July, a member of a policyholder action group said on Thursday. The ...
AIG Rolls Out Largest-Ever Syndicate at Lloyd’s, Focusing on High Net Worth Clients
American International Group has launched Lloyd's Syndicate 2019 — the largest-ever syndicate to be launched at Lloyd's. Syndicate 2019 will exclusively reinsure risks from AIG's Private Client ...
6 Insurers Targeted in Latest Round of Business Interruption Class Action Suits
A Minnesota dentist, an Ohio bridal shop and a New York pizzeria are among six small businesses that are the latest to sue insurers seeking compensation for business interruption claims due to the ...
Lemonade Enters the Netherlands Insurance Marketplace
Lemonade is now doing business in the Netherlands, its second European country after debuting in Germany nine months ago. The New York-based InsurTech said that Dutch customers can purchase contents ...
Lloyd’s Underwriters Say Hello to Working at Home
Thousands of London's underwriters took their stamps and fountain pens home last week, which they use to sign insurance contracts, but they won't need them. Working at home due to the coronavirus ...