Lloyd’s of London News
Brexit Hits London Worse Than Expected as Financial Firms Shift Business Elsewhere
Over 400 financial firms in Britain have shifted activities, staff and a combined trillion pounds ($1.4 trillion) in assets to hubs in the European Union due to Brexit, with more pain to come, a ...
Bank of England Exec Warns London Should Not Blindly Adopt EU Rules
Britain should not be "short-sighted" and copy European Union rules just to keep financial activity in London, Bank of England executive director for financial stability Alex Brazier said on Monday. ...
Lloyd’s of London Warns ‘Large Loss’ Is Likely Due to Suez Canal Blockage
The blockage of the Suez Canal for nearly a week will result in a "large loss" for Lloyd's of London, its chairman said on Wednesday, as the insurance market recorded a 900 million pound ($1.2 ...
Some Post-Brexit Changes for London’s Financial Center
Britain and the European Union agreed a new post-Brexit financial services pact on Friday that will allow them to cooperate on regulation but does little to improve the City of London's access to the ...
Lloyd’s of London Brokers Could Trade Pinstripes for Pajamas After Pandemic
When the pandemic is over, the brokers of Lloyd's of London could haggle with underwriters from home in their underpants, and ditch their pinstripes at the office. A trade body representing brokers ...
Lloyd’s Will Re-Open London Underwriting Room, Offices on May 17
Lloyd's said it plans to re-open its London underwriting room and corporation offices on May 17. The specialist insurance and reinsurance market explained in its Feb. 26 announcement that the opening ...
The First (Of Many) Coronavirus Business Interruption Trials Is Now Underway
The owners of a restaurant in the heart of the New Orleans French Quarter are asking a Louisiana judge to order some Lloyd's of London insurers to cover losses from the Covid-19 outbreak — the ...
Lloyd’s Takes Step to End Insurance and Investments in Coal
The Lloyd's market is moving to end its insurance of coal and oil sands businesses while at the same time ceasing investments in such carbon-producing assets by Jan. 1, 2022. As part of its plan to ...