- Pre-tax profit of $2.6bn (£2.1bn) (2015: £2.1bn).
- Return on capital of 8.1% (2015: 9.1%).
- Combined ratio of 97.9% (2015: 90.0%).
- Gross written premiums increase to $40.3bn (£29.9bn) (2015: £26.7bn).
- Major claims for 2016 were $2.8bn (£2.1bn) (2015: £0.7bn)
The second annual Insurance Careers Month kicks off Feb. 1, 2017, rallying young insurance professionals around the world to share pride in their careers and stimulate interest in the industry among their peers.
It is with great sadness that we note the passing of Robert Oberwetter, formerly with the Lloyd's Attorney-in-Fact office in Chicago.
Lloyd’s – the global centre for cyber insurance – commissioned this survey with 346 senior decision-makers at large businesses across Europe, to find out what they are doing to tackle cyber security and how they are preparing for the General Data Protection Regulation.
Occasionally, the insurance industry finds itself issued with a challenge as a result of technical developments. This is certainly true of the advances in autonomous vehicles.
At the same time, regulators and policymakers need to respond too. This article provides an overview of the emerging regulatory ramifications that insurers will want to monitor closely.
Lloyd’s is concentrating on its plans post-EU membership, which are focused on maintaining access to the single market with the passporting rights we currently operate under. We believe this is in the best interests of Lloyd’s and the wider UK financial services industry.
"We're taking action. We're not going to wait." - Inga Beale
Even though the UK has voted to leave the European Union, UK organisations are likely to face a data protection and cyber security law landscape heavily influenced by EU laws for the foreseeable future.
“For the next two years our business is unchanged. Lloyd’s has a well prepared contingency plan in place and Lloyd’s will be fully equipped to operate in the new environment."
Lloyd’s Chief Risk Officer, Sean McGovern, gave a speech to the Insurance Institute of London in February about the potential impact on the London insurance market of the United Kingdom voting to leaving the European Union.
Lloyd's coverholder and Association of Lloyd's Brokers member Pro Financial Services is one of just a handful of companies nationwide that sell high-value insurance policies protecting athletes from the loss of future wages if they get hurt.
If insurance is the best kept secret in the business world, then the E&S sector is the best kept secret in the insurance industry.
That’s according to Hank Watkins, president of Lloyd’s America, who spoke at the E&S Day at Cal State University Fullerton’s Center for Insurance Studies.
Lloyd’s, the world’s specialist market for insurance and reinsurance, today announced a profit of $3.1bn for 2015. The results demonstrate Lloyd’s continuing financial strength and sound market-wide performance despite a turbulent macro-economic backdrop.
Two articles on a recent Colorado Federal District Court ruling on whether legal marijuana is insurable under commercial property policies.
Did you know nearly four million Baby Boomers nationwide are retiring each year? As a result, the insurance industry is facing a looming talent crisis.
This grassroots movement is aimed at collectively spreading the word that insurance is the career trifecta and is kicking off with an inaugural Insurance Careers Month in February 2016.
Lloyd’s is investigating different methods that aim to reduce uncertainty, harnessing the power of supply chains to understand and quantify liability events.
Lloyd’s of London announced today that its Director of Performance Management, Tom Bolt, has decided to leave the Corporation in mid-2016, after almost seven years of front line service.
Beginning 1 January 2016, brokers should submit surplus lines policies directly to the Surplus Line Association of Illinois. It will no longer be necessary to send policies to Lloyd’s Illinois for recording.
Starting in 2016, underwriters at Lloyd's may enter into binding authority agreements with coverholders for up to 36 months.
Billions of Dollars are Pouring into the M&A Marketplace
By Phil Trem | Leader's Edge magazine | Jul/Aug 2015
This year is shaping up to be a very memorable one, and it is important to take time to reflect on what we are witnessing.
Okay, so I am talking about the U.S. Women’s National Team winning their first World Cup Championship since 1999 and Joey Chestnut being denied a ninth consecutive win at the Nathan’s Hot Dog Eating Contest (winner Matt Stonie finished with 62 hot dogs in 10 minutes. That’s 17,360 calories).