Lloyd’s News
Hamilton Finds Buyer for Sportscover Legacy Book
Hamilton Insurance Group has found a buyer for the legacy book the insurer inherited from its purchase of Sportscover Underwriting Ltd. in April 2015. Syndicate 3330 will buy the business from ...
Lloyd’s Has Paid Claims of $1.7B for Hurricanes Harvey, Irma & Maria—So Far
The Lloyd's market has paid claims worth $1.7 billion, to date, in response to Hurricanes Harvey, Irma and Maria. Earlier this year, Lloyd's estimated a total commitment of $4.8 billion for the three ...
European Insurers Surpass U.S. Rivals in Coal Investment Exits: Campaign Group
Insurers have pulled $20 billion out of coal investments, but most are European and none of the top nine U.S. insurers has taken "meaningful action," campaign group Unfriend Coal said on Wednesday. ...
S&P Changes Lloyd’s Outlook to Negative; Cat Loss Tallies Continue
While affirming the A+ financial strength rating of the Society of Lloyd's, S&P Global Ratings announced said Thursday that it revised the rating outlook to negative from stable in the wake of ...
Sobering Milestone: Cyber Attack Damage Risks Now Rival Hurricanes
Cyber attacks have reached a point where they could rack up billions of dollars in economic and insured losses, rivaling damage created by hurricanes. This milestone means insurers must start ...
AXIS to Launch Lloyd’s Managing Agency
Bermuda-based AXIS Capital Holdings Ltd. announced it will launch a Lloyd's managing agent after receiving authorization from Lloyd's, the UK Prudential Regulation Authority (PRA) and the Financial ...
Executives On The Move at Fidelis, Zurich, Lloyds and Willis Re
Fidelis Insurance disclosed it is hiring a former Hiscox Re executive to help lead a new effort focused on niche specialty excess of loss business. Lloyd's has a new deputy chairperson. Willis Re ...
Neon Acquires Sapphire Underwriters, Gains Local Offshore Market Presence
Neon, the specialist Lloyd's insurer, has acquired Sapphire Underwriters from Heritage Group for an undisclosed price. In acquiring Sapphire, Neon (formerly Marketform) is getting a UK-based Lloyd's ...