Archive for the ‘Insurance and Reinsurance’ Category
Colombia: Lloyd’s next sweet spot
Mon 10 Jun 2013 - Colombia’s strong economic growth and developing insurance market present ‘sweet spots’ for Lloyd’s, according to Chairman John Nelson - (source: Lloyd’s of London)
Owing to strong economic growth over the last decade, Colombia now boasts the fourth largest insurance...
June 10th, 2013 | Insurance and Reinsurance | Read More
Insuring the unknown
Thu 06 June 2013 - From solar flares to solar planes, the insurance market must constantly assess and take on new risks – even in the absence of historical data.(source: Lloyd’s of London)
Early 2013 has already seen the world’s first no-fuel solar plane take off on a “Mission Across America”,...
June 7th, 2013 | Insurance and Reinsurance, News | Read More
Cosmetic treatments in the wrong hands
(Source: Lloyd’s of London)
Cosmetic procedures like dermal fillers and laser treatments are increasingly being called into question, prompting calls for tougher regulation and minimum levels of insurance.
Cosmetic treatments – from face-lifts to non-surgical procedures like dermal fillers,...
May 21st, 2013 | Health and Safety, Insurance and Reinsurance | Read More
Political risk cover gets infrastructure projects off the ground
Political risk cover gets infrastructure projects off the ground (source:Lloyd’s of London)
Whether it’s a high speed train, a wind farm or a sports stadium, infrastructure investment is a hot topic right now. However, the success of such projects can be in jeopardy by exposure to a wide range...
May 11th, 2013 | Insurance and Reinsurance, Labour Disputes, Piracy and Terrorism | Read More
Insurance gap widens for environmental losses
Chris Jones
New IUA report reveals inadequate cover for typical claim scenarios
Insurance cover for environmental losses is often incomplete or even non-existent without a dedicated environmental policy in place. That is the conclusion of a new research paper from the International Underwriting Association...
May 10th, 2013 | Insurance and Reinsurance | Read More
Building supply chain resilience
From the latest Japanese disaster
(Source: Lloyd’s of London) Wed 08 May 2013 – Dual sourcing is becoming more common as companies heed the lessons of 2011.
Two major disasters in 2011 revealed just how vulnerable many organisations’ supply chains can be. The Tohoku Earthquake and Tsunami,...
May 8th, 2013 | Insurance and Reinsurance | Read More
Asia demand for fine art insurance
Resting Dancer. Charcoal on canvas by Anny Zade
(source: Lloyd’s of London)
Tue 07 May 2013 – Despite record claims in 2012 the art insurance market is in rude health. Higher prices for high-end art and rising demand from Asia are creating opportunities for Lloyd’s insurers
High demand
The...
May 7th, 2013 | Art and auctions, Insurance and Reinsurance, Paintings and Sculpture | Read More
Global CEOs enter an era of “stable instability”
Global CEOs enter an era of “stable instability”
(source:Lloyd’s of London website)
The global economy has entered a new era where risks that once seemed improbable and remote are real for CEOs across the world
“Expect the unexpected” is the new mantra for business leaders around the...
May 4th, 2013 | Consumers Market, Insight, Insurance and Reinsurance, Trade and Commerce | Read More
Lloyd’s Charities Trust supports disaster relief charity RedR
Lloyd’s Charities Trust supports disaster relief charity RedR
(source: Lloyd’s of London)
Wed 17 Apr 2013 -Lloyd’s and international disaster relief charity RedR have announced a new partnership aimed at improving the capability of first responders to disasters hitting communities around...
April 17th, 2013 | Charity, Insurance and Reinsurance | Read More
Lloyd’s weathers superstorm and reports profit of £2.8bn
Wed 27 Mar 2013 – Lloyd’s has announced a profit of £2.77bn for 2012, marking a return to profit following last year’s loss of £516m, which was the costliest year on record for natural catastrophes.
Speaking about the result, Lloyd’s CEO, Richard Ward said: “The Lloyd’s market has...
March 27th, 2013 | Insurance and Reinsurance | Read More
Robert Hiscox awarded Gold Medal to mark contribution to Lloyd’s
John Nelson with Robert Hiscox
Tue 26 Mar 2013 – Robert Hiscox has been awarded the Gold Medal for Services to Lloyd’s at a special ceremony in the Lloyd’s building.
Robert stepped down as Chairman of Hiscox this year after almost half a century of service in the insurance market. Not only...
March 26th, 2013 | Awards, Insurance and Reinsurance | Read More
Lloyd’s is a Top Employer
Fri 22 Mar 2013 – Following independent research Lloyd’s has been certified as one of Britain’s Top Employers.
Britain’s Top Employers recognises organisations that take excellent care of their employees and provide exceptional working conditions. Lloyd’s certification is based on research...
March 22nd, 2013 | HR, Insurance and Reinsurance, What Others Say | Read More
Lloyd’s trading revolution
This 17th Century engraving by J. Faber is thought to be of Edward Lloyd
Mon 18 Mar 2013 – In a series marking our 325 anniversary we look at the powerful forces that created Lloyd’s.1688 – Glorious Revolution
The first mention of Edward Lloyd’s coffee house was in the London Gazette...
March 18th, 2013 | Insurance and Reinsurance, Marine Insurance | Read More
A good hair day: Lloyd’s barber Leon goes to Chelsea
Lloyd’s broker Antony Delderfield (left) and Lloyd’s barber Leon
A good hair day: Lloyd’s barber Leon goes to Chelsea
By Antony Delderfield
Most people are familiar with the history of Edward Lloyd’s coffee shop, but the story of Lloyd’s barber shop is not so widely known.
Just over...
March 17th, 2013 | Insurance and Reinsurance, Maritime History and Museums, People and Places, Person Profiles | Read More
Practitioners warn that changing ‘utmost good faith’ rules would threaten legal and marine market uncertainties
Simon Stonehouse
Practitioners warn that changing ‘utmost good faith’ rules would threaten legal and marine market uncertainties, By James Brewer
Marine underwriters and legal experts have underlined the dangers in a proposal to dilute the strength of the famed insurance phrase “utmost good faith.”
The...
March 17th, 2013 | Insurance and Reinsurance, Legal, Marine Insurance | Read More
New words to write about
Fri 15 Mar 2013- The Lloyd’s Wordings Repository brings new approved local country wordings to the international market.
Achieving contract certainty in Canada, Germany and Italy has been given a welcome boost with the addition of New Sponsored Sections to the Lloyd’s Wordings Repository (LWR)....
March 15th, 2013 | Insurance and Reinsurance | Read More
IUA calls for reform to reinsurance regulations in Brazil
Dave Matcham
Opening up of market would help infrastructure projects like 2016 Olympics
The success of the Rio 2016 Olympics may be economically linked to reform of the Brazilian reinsurance industry, IUA Chief Executive Dave Matcham has stated at a seminar in Rio de Janeiro.
Addressing...
March 15th, 2013 | Associations, Insurance and Reinsurance, News | Read More
Mexico – growth and opportunities
Mon 11 Mar 2013 – Opportunities for insurers abound in Mexico – Latin America’s second largest market after Brazil.
Mexico is a land of economic diversity. In Oaxaca, one of the largest states, 75% of the population lives in extreme poverty. Mexico City’s affluent residents, meanwhile,...
March 11th, 2013 | Insurance and Reinsurance, Trade and Commerce | Read More
International Women’s Day: 60 seconds with Mairead Dawson
Maired Dawson
Fri 08 Mar 2013 – On International Women’s Day we talk to Mairead Dawson, senior underwriter at ACE Global Markets about her fascinating career.
As Ace Global Market’s Energy underwriting manager, Mairead Dawson has worked her way up the ranks in one of the industry’s more...
March 8th, 2013 | Associations, Insurance and Reinsurance, WISTA - Women in Shipping | Read More
Trial by Tornado
As the 2013 tornado season begins, a new report published by Lloyd’s highlights the growing vulnerability of Tornado Alley’s mobile home park communities.
Every year, an average of 1,200 tornadoes kill at least 60 people, injure 1500 more and cause over $400m in damage across the world. 2011 was...
February 27th, 2013 | Comment, Earthquakes, Tsunamis, Cyclones and Typhoons, Environment, Insurance and Reinsurance, Marine Insurance | Read More
The BankServe Guide 2013
The Insurance Aspects of Shipping and Offshore Financing, by Graham Barnes and edited by Peter Mellett
This 200 plus page guide is one of the very few that can greatly minimise your shipping and offshore financing risks to all intents and purposes.
This is the second edition of the Bankserve Guide to...
February 23rd, 2013 | Banking, Books, Insurance and Reinsurance, Legal, Marine Insurance, Maritime Accidents, Maritime Fraud, News, Oil Platforms and Rigs, Reports, Safety and Security, Shipfinance, Shipmanagement, Stock Markets, Trade and Commerce | Read More
The Insurance Challenge
Fri 22 Feb 2013 – The London market reveals its altruistic side as runners and fundraisers prepare for the second-ever Sierra Leone marathon.
Sending 200 insurance professionals to Sierra Leone to race side by side under the African sun? It is a feat that could really only be dreamt up by the London...
February 22nd, 2013 | Charity, Insurance and Reinsurance, Sports | Read More
Classification societies: Liability must stay limited or watch out for disaster
Michael Grey, Dominic Happe, Sir David Steel, Avv Franscesco Siccardi and Luc Grellet
A stern warning against imposing unlimited liability upon classification societies following marine accidents was issued during a London Shipping Law Centre seminar on Thursday, February 21st. The seminar took place...
February 22nd, 2013 | Classification Societies, Conferences, Seminars, Forums, Health and Safety, Insurance and Reinsurance, Legal, Marine Insurance, Maritime Accidents, Maritime Education and Training, Safety and Security | Read More
Consumer alert regarding FCV Broker
FCV Broker
Wed 20 Feb 2013 – Update: Consumer alert regarding FCV Broker – 10 Fenchurch Avenue,
London. 20 Feb 2013 – Lloyd’s has been advised by the Financial Services Authority (FSA) of a firm styling itself as FCV Broker which on its website www.fcvbroker.com offers various “wealth...
February 20th, 2013 | Insurance and Reinsurance, Sanctions | Read More
Itochu builds insurance business at Lloyd’s with Antares
Stephen Redmond
Tue 19 Feb 2013 – In January Antares Managing Agency entered a partnership with Itochu Corporation, the first Japanese non-insurance group to invest in the Lloyd’s market in London. Stephen Redmond, Managing Director of Antares explains why the deal is good for Itochu and the...
February 19th, 2013 | Insurance and Reinsurance | Read More
