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Lloyd's of London, which is made up of over 50 insurance companies, underwrites specialist risks from oil rigs to professional footballers' legs

Lloyd's of London reports 26% jump in H1 profit

Commercial insurance premiums may not yet be turning lower despite years of increases, Lloyd's of London chairman Bruce Carnegie-Brown said today, as the market reported a 26% jump in first-half pre-tax profit today.

Business • 05 Sep 24

Lloyd's of London, one of the world's biggest commercial insurers, is made up of more than 50 member firms

Lloyd's of London inadequate on ESG - report

The Lloyd's of London insurance market's environmental, social and governance standards are weak, as its members have exposure to fossil fuel projects and weapons, non-profit ShareAction said in a report today.

Business • 11 Apr 24

Lloyd's of London said today that the collapse of Baltimore's Francis Scott Key Bridge is likely to lead to a multi-billion dollar insurance loss

Baltimore bridge collapse to lead to huge insurance loss

The collapse of Baltimore's Francis Scott Key Bridge is likely to lead to a multi-billion dollar insurance loss, the chairperson of Lloyd's of London said today.

Business • 28 Mar 24

Aviva has re-entered the Lloyd's insurance market with a £242m deal for insurance platform Probitas

Aviva re-enters Lloyd's market with £242m acquisition

British insurer Aviva said today it has re-entered the Lloyd's insurance market with a £242m acquisition of insurance platform Probitas.

Business • 04 Mar 24

Lloyd's of London formed part of a sophisticated network of financial interests that made the slave trade possible, research has suggested

Lloyd's of London to invest £40m after slavery report

Lloyd's of London will invest £40m in regions affected by the transatlantic slave trade, it said today, after a report showed the commercial insurance market had strong links to the trade.

Business • 08 Nov 23

Lloyd's of London swung to a first-half pre-tax profit of £3.9 billion, after recording a loss of £1.8 billion the same time a year ago

Lloyd's of London swings to first-half profit

Lloyd's of London swung to a first-half pre-tax profit of £3.9 billion, helped by rises in premium rates and positive investment returns, the commercial insurance market said today.

Business • 07 Sep 23

Lloyd's of London is among insurers named in many cases, including those taken by the three largest aircraft lessors, AerCap, Avolon and SMBC Aviation Capital

Lloyd's expects insurer deals on planes stuck in Russia

Lloyd's of London expects insurers will eventually reach a settlement with aircraft lessors over claims made over the loss of hundreds of aircraft stuck in Russia, the commercial insurance market's chairman was quoted as saying today.

Business • 26 Apr 23

Lloyd's of London has reported a pre-tax loss was £800m for 2022, compared to a profit of £2.3 billion a year earlier.

Lloyd's of London swings to 2022 pre-tax loss

Lloyd's of London swung to a pre-tax loss in 2022 and took writedowns on its fixed-income investments, it said today.

Business • 23 Mar 23

Lloyd's of London has recorded a first-half pre-tax loss of £1.8 billion

Lloyd's of London sets aside £1.1 billion for Ukraine

Lloyd's of London has set aside £1.1 billion to pay claims related to the war in Ukraine, the commercial insurance market said today, as it recorded a first-half pre-tax loss of £1.8 billion.

Business • 08 Sep 22

Lloyd's of London has around 100 member syndicates which underwrite complex risks such as planes, ships and oil rigs

Lloyd's of London sees major claims from Ukraine war

Lloyd's of London faces major claims this year from the conflict in Ukraine, but this will not create solvency difficulties, the commercial insurance market said today.

Business • 24 Mar 22

Most reinsurers have stepped back from offering insurers bespoke or direct cover for coal projects

Reinsurers look at dumping coal from bulk-buy policies

Major reinsurers have already pulled back from providing bespoke cover for coal projects as part of efforts to meet global climate change commitments.

Business • 17 Jun 21

Lloyd's of London said it expects to pay out £3.4 billion in 2020 Covid-19 claims net of reinsurance

Covid-19 pushes Lloyd's of London to £900m loss in 2020

The coronavirus pandemic pushed Lloyd's of London to a £900m pre-tax loss in 2020, compared with a £2.5 billion profit in 2019, the commercial insurance market said today.

Business • 31 Mar 21

Up to 1,000 Barclays staff who had returned to office-based working in recent weeks will revert to working from home

UK banks and finance firms revert to home working

Banks and insurers in Britain have ordered hundreds of staff to work from home home again, just days after many tried to encourage employees back to the office, following fresh guidance from the government.

Business • 23 Sep 20

Lloyd's of London is expecting the global bill for non-life insurers to reach more than $100 billion

Lloyd's of London posts H1 loss due to Covid claims

Lloyd's of London recorded a pretax loss of £400m in the first half, battered by the coronavirus pandemic, the commercial insurance market said today.

Business • 10 Sep 20

Lloyd's of London is to fund charities and organisations promoting opportunities for black and ethnic minority groups

Lloyd's of London apologises for role in slave trade

The Lloyd's of London insurance market has apologised for its role in the 18th and 19th century Atlantic slave trade.

Business • 18 Jun 20

Lloyd's said that underwriting and investment losses for the global non-life insurance sector could reach a record $203 billion due to Covid-19

Lloyd's of London expects Covid-19 claims to match 9/11

Lloyd's of London is likely to pay out $3-4.3 billion in insurance claims related to the coronavirus pandemic, similar to losses from the 9/11 attacks, it said today.

Business • 14 May 20

Lloyd's of London has shut its 'underwriting room' for the first time in its history due to the pandemic

Lloyd's of London swings back to profit in 2019

Lloyd's of London has reported a £2.5 billion pretax profit for 2019 thanks to tighter underwriting and robust investment returns, and said it stood ready to support customers and partners impacted by coronavirus.

Business • 26 Mar 20

Former Virgin Money boss Jayne-Anne Gadhia joins Lloyd's of London's efforts to change culture at the insurance market

Lloyd's of London sets up group to improve culture

Lloyd's of London said that former Virgin Money boss Jayne-Anne Gadhia would be part of a committee to "drive long-term culture change" in the world's oldest insurance market.

Business • 11 Feb 20

Lloyd's of London is trying to improve standards of behaviour after reports earlier this year of sexual harassment and daytime drinking

One in 12 saw sexual harassment in Lloyd's of London

Nearly one in 12 employees working in the Lloyd's of London insurance market has witnessed sexual harassment there in the past year.

Business • 24 Sep 19

Lloyd's of London's half yearly profits rise to £2.3 billion

Lloyd's of London profits quadruple on investment gains

Lloyd's of London expects "sobering" results from a survey of the workplace culture at its member firms, the insurance market's chairman said today as a rise in investment income drove a four-fold profit rise.

Business • 18 Sep 19

Lloyds said all policies must provide clarity on cyber insurance by either excluding or definitely providing cover.

Lloyd's of London calls for cyber cover clarity

Lloyd's of London wants all insurance and reinsurance policies to clearly state whether coverage will be provided for losses caused by a cyber attack.

Business • 04 Jul 19

Lloyd's of London posts a loss of £1 billion for last year

Lloyd's of London suffers £1 billion loss in 2018

Hurricanes, typhoons and wildfires drove Lloyd's of London to steep losses for the second year in a row.

Business • 27 Mar 19

Inga Beale was appointed CEO at Lloyd's of London in 2014 and had led a push for a more diverse workforce in the market

Lloyd's of London's first female CEO to leave in 2019

Lloyd's of London chief executive Inga Beale, the commercial insurance market's first female CEO, will leave next year, the company said today.

Business • 29 Jun 18

Major claims for Lloyd's of London more than doubled from a year earlier, to £4.5 billion in 2017

Catastrophes push Lloyd's of London to £2 billion loss

Insurance market Lloyd's of London has today posted an aggregated 2017 pre-tax loss of £2 billion after a record year for losses from natural disasters.

Business • 21 Mar 18

Lloyd's of London will press ahead with plans to establish a foothold in the EU despite progress in the Brexit talks

Lloyd's of London pushes ahead with Brexit plans

Lloyd's of London will press ahead with plans to establish a foothold in the European Union regardless of progress in EU divorce talks that industry groups said was welcome but did little to dispel uncertainty.

Business • 08 Dec 17