Lloyd’s of London
Lloyd’s of London Returns to Pretax Profit, Claims Readiness for Coronavirus Costs
Lloyd's of London reported its first annual pretax profit in three years on Thursday, thanks to tighter underwriting and robust investment returns, and signaled it was well prepared to cope with the ...
Fitch Downgrades Outlook for London Insurance Sector Over COVID-19 Impact
Fitch Ratings has revised its outlook for the underlying fundamentals of the London market insurance sector to negative from stable. The sector outlook revision reflects increased concerns over the ...
Lloyd’s Asks Members for Estimates of Coronavirus-Related Losses
Lloyd's of London has asked its member firms to provide estimates of their potential current and final losses from coronavirus, a spokesman said on Tuesday, to help the insurance market understand ...
Lloyd’s Trading Will Continue During Shutdown of London Building for Coronavirus Stress Test
Lloyd's is shutting its London underwriting room at 1 Lime Street for one day for a contingency planning exercise in response to the coronavirus outbreak. Starting at 12:01 a.m. on March 13 and for ...
Future-at-Lloyd’s Modernization Project Moves Forward
Since Lloyd's first announced the blueprint for its Future at Lloyd's project on Sept. 30, it has been busy working to get the ideas off the page and convert them into a set of actions that can be ...
Brexit Update: Future BoE Head Urges UK and EU to Avoid Finance ‘Punch-Up’
Britain and the European Union must find a way to settle future differences over how Britain's huge finance industry can do business in the bloc without resorting to a "metaphorical punch-up," the ...
After Brexit: EU Links Financial Relations With UK to Trade Deal
Access to the European Union market for Britain-based financial firms will be linked to the overall results of trade talks with London, EU chief negotiator Michel Barnier said on Monday. Britain and ...
Brexit Transition Period Ahead for UK, EU Insurers: A.M. Best
As of Jan. 31, 2020, Brexit is finally here. But the UK's departure from the European Union shouldn't have any immediate impact on UK or EU insurers, A.M. Best said in its latest commentary. That ...