Lloyd’s
Insurance market Lloyd’s 2010 profits tumble
The Lloyd's of London insurance market said Wednesday that profits sank last year due to major claims arising from earthquakes in Chile and New...
LMA : threat of ‘triple regulation’ of the Lloyd’s market
The Lloyd’s Market Association (LMA) has backed the need for strong regulation in the UK financial services sector but argues that the proposed regulatory...
Appointment : Whittington Capital Management Appoints Jim Ramage as Independent Non-Executive Director
Lloyd’s managing agent Whittington Capital Management (“WCM”), part of insurance investor and services provider Whittington Group, has appointed Jim Ramage as an Independent Non-Executive...
Brit Insurance says Apollo sweetens approach
Brit Insurance said Apollo Management had raised its takeover bid to 10.75 pounds a share, valuing it at about 852 million pounds ($1.32 billion)...
Ship insurance: Sri Lanka off war-risk list
London-based shipping underwriters have formally lifted a war-risk classification from Sri Lanka's ports a year after the island ended its decades-long ethnic war, the...
New British venture eyes state-rescued bank assets
A new venture is being launched to compete for acquiring retail banking assets bought by the British government at the height of the financial...
British bank Lloyds says it is cutting 650 jobs
Britain's state-controlled Lloyds Banking Group said Wednesday it was cutting another 650 jobs as the company continues to streamline its operations.
"Significant progress has been...
Dual launches new broker PI facility
Specialist professional indemnity underwriting agency, DUAL Corporate Risks has secured new capacity for underwriting broker’s professional indemnity cover.
The £5m liability capacity, provided by AmTrust...
Aon Benfield’s FAConnect platform delivers new capacity for Terrorism risk
Aon Benfield, the world’s premier reinsurance intermediary and capital advisor, has teamed up with leading reinsurers to deliver enhanced facultative capacity for US Terrorism...
Lloyds to cut almost 600 jobs and to bring back its insurance business in Bristol and Edinburgh
British bank Lloyds said on Thursday it intended to cut nearly 600 jobs in another shake-up at the state-rescued group that has already axed...
Rolf Tolle awarded silver medal by Lloyd’s
Lloyd's Franchise Performance Director Rolf Tolle has been awarded a Lloyd's silver medal for his services to the market over the last seven years....
Lloyds boss, Archie Kane to be questioned over job losses
A bank chief will today face MSPs as part of a Holyrood probe into the future of jobs in the banking sector
Archie Kane of...
Lloyds Banking Group to cut another 535 jobs
Britain's Lloyds Banking Group is set to cut another 535 jobs after deciding to close a customer support centre in southeast England at the...
EU approves restructuring of Lloyds, ING and KBC banks
The European Commission on Wednesday approved restructuring plans for British bank Lloyds, Dutch counterpart ING and Belgium's KBC bank, all rescued by public bailouts...
Lloyds opens its primary school in China
Lloyd’s, the world’s leading specialist insurance market, announced today the official opening of its primary school in the Yunnan province of China.
The school, which...
British bank Lloyds to cut 5,000 jobs
Britain's state-controlled Lloyds Banking Group is to cut 5,000 roles by the end of 2010, it said on Tuesday, confirming earlier media reports.
"LBG is...
Lloyd’s of London insurance market warns of waning market surge
The Lloyd's of London insurance market cautioned that a strong investment performance from surging share and bond markets would not be sustained and said...
Ironshore expands into property business at Lloyd’s
Ironshore announced today that it has gained approval to write direct and facultative property business on behalf of its Pembroke Lloyd’s Syndicate effective October...
Lloyd’s reports a 40% increase in first-half profits
Lloyd’s first half profits up 40%. Lloyd's has reported a 40% increase in first-half profits to £1.32bn, which it attributed to a combination of...
Flagstone Re Announces New Lloyd’s Property Division and Syndicate
Flagstone Reinsurance Holdings Limited announced today that a team lead by Nick Jones has joined its Lloyd’s underwriting operation, Marlborough Underwriting Agency Ltd. to...
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