Lloyd's came third from bottom in a table of 29 global property and casualty insurers for responsible underwriting and investment performance. In a separate tally of 13 large Lloyd's members' underwriting standards, six scored F, the lowest grade.
As would be expected, Lloyd's has no restrictions on underwriting business ventures in thermal coal or offshore oil and gas, both of which are staples of the shipping industry.
Lloyd’s makes up 9% of the world’s fossil fuel underwriting business, but it received the lowest grade for its policies, which ShareAction said paints an “extremely poor picture of one of the most significant entities in the world of insurance”.
For instance, recently the courts ruled that the minister of police, Bheki Cele, must be held vicariously liable for a cash heist and pay Lloyds of LondonR93 million — they were the underwriters to Nedbank which was the host bank.
The Lloyd’s of London insurance market has hailed its strongest performance since 2007 after it was boosted by rising commercial insurance premiums ...John Neal, the chief executive of Lloyd’s, said ... Lloyd’s of London doubles underwriting profit.
Lloyd's of London swung to a pre-tax profit of £10.7 billion in 2023, the commercial insurance market said today, boosted by strong underwriting and investment performance.
Lloyd’s enjoyed an upturn for the investment side of its business as well as from insurance underwriting, where it put up prices 7 per cent in response to inflation, which has increased the cost of paying out claims.
Lloyd’s enjoyed an upturn for the investment side of its business as well as from insurance underwriting, where it put up prices 7 per cent in response to inflation, which has increased the cost of paying out claims.
The Underwriting Room at Lloyd's of London...As it happens, the lead insurer and the major reinsurers for the Dali are underwriters with Lloyd's, in whose storied "Room" the financial price of this catastrophe will be calculated.
What was said is disputed, but Lloyd’s of London decided to stop underwriting firearm-related policies that month ...Following these meetings, Lloyd’s agreed to stop underwriting firearm-related policies and to scale back its business with the NRA.
"Carry Guard" policies were administered by Lockton and underwritten by insurance companies Chubb and Lloyd’s of London... What was said is disputed, but Lloyd’s of London decided to stop underwriting firearm-related policies that month.
Col Dugdale worked as an underwriter for Lloyd's of London, while Carol had been a student at Slade School of Art... as an underwriter's daughter was a far cry from how she would come to be known.
The insurance company, Lloyd’s of London Underwriters, successfully proved its case in the high court in Pretoria, resulting in this substantial payout.