lloyds of london insurance Archives

Lloyd’s of London insurance marketplace acknowledges historic ties to slave trade

November 2, 2020October 31, 2020 H. Cutner

Insurance marketplace - Lloyd's of London Building

The 334-year-old firm and Greene King have pledged to make amends for their pasts. The massive Lloyd’s of London insurance marketplace and Greene King have announced their intentions to make amends for their involvements in racist history, particularly the slave trade that took place in the 18th and 19th centuries. The firms have been forced to take a hard look at the disturbing portions of their company histories. The insurance marketplace and the owner of a string of pubs and breweries are both taking a closer look at the role…

Lloyd’s of London insurance companies prepare for a September re-opening

June 22, 2020June 19, 2020 G. Turner

Lloyd’s of London Insurance - Lloyd's building mirrored in other building

Following the pandemic lockdown, the insurers are preparing to bring their workers back to offices. Lloyd’s of London insurance companies will be re-opening their offices and bringing their workers back in September 2020. The insurers are preparing to make a range of changes in order to prepare for employee returns. Among the changes Lloyd’s of London insurance companies will use methods such as temperature checking thermal cameras, clear screens on underwriting boxes, and click and collect take-out catering services. These will be meant to help ensure workers will continue reducing…

Lloyd’s of London insurance market will write online for the first time in 2020

October 2, 2019September 30, 2019 G. Turner

The industry’s largest market will finally begin writing electronic business next year. Lloyd’s of London, the largest insurance market in the world, has finally announced that it will be taking its first steps into writing online. It will write its first business electronically beginning in 2020. The first online-only policy writing will begin operations as of January 1, 2020. The largest reinsurer in the world, Munich Re, will start writing policies by way of an online-only syndicate at the beginning of next year. This, according to statements issued by both…

Lloyds of London insurance giant takes its first steps into cryptocurrencies

August 31, 2018August 30, 2018 Logan B.

Lloyds of London insurance - cryptocurrencies

The marketplace is making this move without doing much in terms of announcements. Lloyds of London insurance market has started taking steps into the cryptocurrency world. It has done so quite quietly, despite the weight of this move into the crypto sphere. This first digital currency insurance policy has gone to a Kentucky organization, Kingdom Trust. Kentucky-based Kingdom Trust is the first organization to receive this new milestone Lloyds of London insurance policy. The American company first launched in 2010. It is a South Dakota Division of Banking-regulated independent qualified…

Bitcoin companies are beginning to rely on the insurance industry

June 18, 2015June 17, 2015 S.Vagus

Insurance industry is playing a larger role in the world of digital currencies Lloyd’s of London has released a new report that highlights the risks associated with digital currency, particularly Bitcoin. These currencies are becoming more common throughout the world, being used to purchase products online. In the case of Bitcoin, volatility is a very serious concern, as the value of a single Bitcoin fluctuates wildly on a regular basis. The report from Lloyd’s of London is meant to shed some insight on the risks associated with insuring businesses based…

Insurance news from Itochu shows expansion of Lloyd’s of London within U.K Alliance

January 8, 2013April 30, 2013

Lloyd’s insurance claims - Home office building

New partnership between Japanese and British companies works to broaden the industry. Itochu Corp, a company that has set its sights on becoming the most profitable trading house in Japan aside from the mineral resources industry, has announced the latest insurance news of a new alliance with Antares Managing Agency Ltd. from the United Kingdom, in order to broaden the insurance industry. The alliance represents a number of important firsts within the industry in Japan. The partnership with Antares, which is based in London, with Itochu, will represent the first…

Insurance news is good for Lloyd’s of London

September 28, 2012September 28, 2012 Julie Campbell

The market will now be returning to profit once more. Lloyds of London has released their most recent insurance news, and it sounds very positive after experiencing no major natural disasters in the first half of the year, allowing the market to return to half-year profitability. The pre-tax profit that the insurance market has estimated for the first half of 2012 is £1.53 billion. When compared to the first half of 2011, in which the claims from the March tsunami in Japan were coming in, Lloyd’s of London had experienced…