Lloyd’s of London News

Sources Say Saudi Aramco Pursues War Cover After Attacks

Saudi Aramco is looking to buy insurance against war and terror attacks after a damaging drone and missile attack on some of its oil facilities in September, two sources told Reuters. Aramco, the world’s largest oil company, has been looking …

Athletes Claim Lloyd’s Delays Policies, Changes Terms to Deny Claims

A player for the Jacksonville Jaguars football team is the latest of several athletes to sue Lloyd’s of London syndicates for allegedly making changes to disability insurance policies after premiums were paid and then denying coverage based on the amended …

Texas Court Erases $13M From Jury Award for Offshore Oil Well Claim

A Texas appellate court shaved $13.6 million off of a jury’s award against Lloyds’ of London syndicates to the owner of a Gulf of Mexico oil well and platform that was destroyed by Hurricane Rita in 2005. The 1st District …

Sexual-Harassment Whistle-Blower Sues Lloyd’s of London Insurer

A senior lawyer who blew the whistle on alleged sexual harassment and bullying at a top Lloyd’s of London insurance company is suing his employer for what he called a campaign of , , racial discrimination and victimization. Ifeanyi Okoh …

Lloyd’s of London Expects ‘Sobering’ Culture Assessment

LONDON — Lloyd’s of London expects “sobering” results from a survey of the workplace culture at its member firms, the insurance market’s chairman said on Wednesday as a rise in investment income drove a four-fold profit rise. In May the …

‘Hyper-Local’ Forecaster, Instant Flood Claims Payer Selected for Lloyd’s Incubator

A company that delivers “hyper-local” weather forecasts and a firm that predicts emerging risks by mining research data were among 11 insurtechs selected by Lloyd’s of London to participate in a 10-week incubator program. Lloyd’s picked the participants on Thursday …

Lloyd’s of London Suspends Top Broker Who Sent Harassing Email

Lloyd’s of London has suspended a senior broker at Guy Carpenter & Co. for sending colleagues a sexually suggestive email about a female employee and is planning to take similar action against a second person who forwarded the message outside …

Rain-hit Cricket World Cup May Cost Insurers Millions

LONDON — Lost revenues from a record number of rain-hit cricket World Cup games in England and Wales may result in insurance claims of a few million pounds for each abandoned fixture, insurance sources say. Broadcasters, organisers, venues, advertising sponsors …

New Groping Claim at Lloyd’s of London Agent Deepens Scandal

Two executives at a top Lloyd’s of London insurance company have resigned following allegations of sexual harassment. One was accused of groping colleagues at a booze-fueled party, the other of stalking a junior employee. The first executive was said to …

Insurers Expect France to Bear Notre-Dame Rebuilding Cost

Major European insurers expect France to bear the bulk of the cost of rebuilding the Notre-Dame Cathedral after a fire tore through the eight-centuries-old Paris landmark on Monday. The cost of a likely multi-year restoration project could itself take a …