Lloyd’s of London tells insurers to halt covering state-backed cyberattacks August 18, 2022 Lloyd’s of London has said its insurers will be required to stop covering state-backed cyberattacks in their standard cyber insurance policies. The centuries-old insurance marketplace told its underwriters to make exclusions for cyberattacks launched by governments and state actors, over concerns such attacks could expose the market to unmanageable losses. “If not managed properly [a [...]
Lloyd’s of London aims to attract billions in capital via launch of new investment vehicle August 4, 2022 Lloyd’s of London has set out plans for the launch of a new investment vehicle, with a view to drawing in billions from institutional investors. The London insurance market today announced plans to set up a second protected cell company (PCC) following the successful launch of its London Bridge Risk PCC vehicle last year. [...]
Lloyd’s of London names Treasury veteran Charles Roxburgh as chair September 19, 2024 Lloyd's of London has named Treasury veteran Charles Roxburgh as its next chair, taking over one of the City's most prestigious posts from Bruce Carnegie-Brown.
Lloyd’s of London boss hospitalised and CFO temporarily takes the helm March 28, 2022 Lloyd’s of London boss John Neal has been hospitalised following a bike accident over the weekend. Neal is expected to make a full recovery, Lloyd’s said in a statement today, after the accident which occurred on Saturday. The commercial insurance market will be helmed by chief operating officer and chief financial officer Burkhard Keese and [...]
Lloyd’s chair slams plans for Shard-height skyscraper next to Leadenhall Market July 2, 2024 The chairman of Lloyd's of London has objected to plans for the building of a new Shard-scale skyscraper in the City of London
Lloyd’s of London prepares to fight over picking the tab up for $10bn Russian-seized planes May 2, 2022 Lloyd’s of London and aircraft lessors are reportedly going to war over who needs to pick up the tab after more than 400 foreign-leased planes were seized by Moscow following the invasion of Ukraine. Sources told the Telegraph Lloyd’s of London has hired global law firm Clyde & Co to investigate whether insurance claims made [...]
Profit surge sparks hiring boom in London’s insurance sector October 2, 2024 Lloyd's of London recently reported a sharp rise in profits, driving a surge in recruitment across the capital's insurance sector.
Exclusive: What the departure of Lloyd’s of London would mean for the City February 14, 2022 Lloyd’s of London may be leaving its gigantic headquarters in the City. A pandemic-induced hit to office footfall has left it mulling a move to another location. The company told City A.M. recently it is weighing up leaving iconic headquarters’ as it seeks out ways to adapt to shifts in working habits brought about by [...]
Lloyd’s of London weighs up leaving iconic headquarters January 19, 2022 Lloyd’s of London is considering leaving its iconic headquarters as it seeks out ways to adapt to shifts in working habits brought about by digitalisation of its business and Covid-19. In an email to City AM, a Lloyd’s of London spokesperson said: “As we adapt to new structures and flexible ways of working, we are [...]
All Lloyd’s of London staff at home today as army of 60 climate activists descend on insurer’s iconic City office April 12, 2022 Lloyd’s of London asked all its employees not to come to its offices in the City this morning, the company told City A.M. Extinction Rebellion have blocked entrances and remain on the roof of the Lloyd’s Building to demand the financial giant stops insuring coal, oil, gas and tar sands that are “fuelling the climate [...]