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- in financial markets, hedging or any other strategy that reduces risk while permitting participation in potential gains
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- Stanford Sues Lloyd's of London
- HOUSTON (Reuters UK) - Allen Stanford, who faces U.S. criminal and civil charges for allegedly leading a $7 billion (4.22 billion pound) Ponzi scheme, is suing Lloyd's of London for defence costs.Lloyd's had advanced some legal fees under a directors and officers policy. But the insurer sent a letter on...
- News items 2009-11-24
- Time-Tested Lloyd's Turns to Address U.S. Disaster Losses
- Lloyd's of London, the world's oldest and most visible insurer, has set about dealing with the aftermath of the terrorist attacks of Sept. 11. Two weeks after the event, it released its projected net loss figures. Due to Lloyd's unique structure, calculating the potential losses required extra time and energy....
- White papers 2001-10-29
- Offshore Update
- The article describes offshore U.S. terrorism risk insurance. As reported by IADC in its August Drill Bits, the U.S. Congress has been deliberating the Terrorism Risk Insurance Act of 2002, (S.2600), which would provide the insurance industry additional security in the wake of the September 11 attacks. Lloyd's of London...
- White papers 2002-09-01
- All Aboard! Accused Fraudster Allen Stanford Rides the D&O Train, Courtesy of Lloyd's
- It's never a good sign for the prosecution when the judge starts weeping for the defendant. But the case of R. Allen Stanford, who stands accused of masterminding a $7 billion investor-fraud scheme, could fare even worse for the insurance industry. Insurers such as Chubb, Ace and...
- Blog posts 2009-10-10
Additional Resources
- New Mexico Securities Division, New Mexico Department Of Insurance And Lloyd's Of London Announce Agreement
- SANTA FE, N.M.--BUSINESS WIRE--April 15, 1996--The New Mexico Securities Division, the New Mexico Department of Insurance and the Corporation of Lloyd's, known more familiarly as Lloyd's of London, announced today that they have reached an agreement on certain issues involving Lloyd's ongoing discussions with its "Names" about a proposed restructuring...
- Research articles 1996-04-15
- Homeland Security Company Gabriel Technologies Corp's Locking System First in Industry Backed by Adriatic and Lloyd's of London
- OMAHA, Neb. -- Gabriel Technologies Corporation (OTCBB:GWLK) is the first transportation security company to receive underwriting from two of the world's leading insurance providers, Adriatic Insurance Company and Lloyd's of London. A trucking cargo insurance policy, underwritten by Lloyd's and provided by Adriatic, offers truck operators up to $25,000...
- Research articles 2005-01-06
- Lloyd's ceasefire must lead to permanent treaty. (between Lloyd's of London and the departments of insurance and corporations in California)(Editorial)
- A ceasefire has wisely been declared between the departments of insurance and corporations in California to allow time to amicably settle their dispute over litigation filed against Lloyd's of London. But the ceasefire--coming in the form of a memo of understanding--is only temporary. The two...
- Research articles 1996-05-27
- Lloyd's finding new life niches in U.S. (Lloyd's of London, specialized life insurance products)
- Lloyd's of London has seized the opportunity offered when three US states allowed the company to operate on a non-admitted basis, and has been marketing specialized insurance products offered by few insurance companies. Rather than battle US competition in the lucrative term life insurance arena, Lloyd's has been marketing a...
- Research articles 1992-11-30
- A new act for Lloyd's. (insurance company Lloyd's of London) (Editorial)
- Lloyd's has continually shown an inability to adhere to its regulations and to protect the interests of its clients. The Lloyd's Act of 1982 should be amended with stricter regulations, and external regulation should be created for the insurance industry. London's sick insurance market needs legislative treatment ...
- Research articles 1992-07-25
- Name-dropping: Lloyd's of London. (less capital supporters leaving insurance market)
- Lloyd's of London expects 1,500 'names' to leave, which will reduce the insurance market by about one billion pounds sterling. Lloyd's insurance business had losses of $3.3 billion in 1989 and Hurricane Andrew is expected to contribute to losses this year.LONDON's sick insurance market, Lloyd's, is putting about the...
- Research articles 1992-08-29
- Lloyd's not going broke, U.K. says. (Lloyd's of London)
- In response to anxious queries from insurance buyers who have been reading press reports that Lloyd's of London is on the verge of collapse, U.K. insurance regulators and Lloyd's officials announced last week that the market is expected. to meet solvency requirements in 1995. "On...
- Research articles 1995-05-08
- Dog days at Lloyd's. (Lloyds of London)
- To recover from its financial crisis, Lloyd's of London should downsize its upper management. The bureaucracy at the top and high pay is crippling the company. Lloyd's is still important in the fields or marine insurance, reinsurance and specialized new risks insurance and it should be saved.To escape death by...
- Research articles 1992-06-20
- Burnt-out cases: Lloyd's of London. (annual general meeting)
- Lloyd's of London lost $5.2 billion in the insurance market in 1990, but most investors are staying with the firm because the insurance market is expected to improve and Lloyd's is promising reforms. Chmn David Rowland's address at the general meeting is discussed.THE news was worse than even the most...
- Research articles 1993-06-26
- Leumi to Lloyd's. (Leumi Insurance Services becomes a member of Lloyd's of London)
- Leumi Insurance Services a subsidiary of Migdal Insurance and Bank Leumi has been accepted as a member of Lloyd's of London. Leumi Insurance Services with annual premiums of some.610 million, has been operating in the U.K. for nine years.
- Research articles 1992-08-21
- Time to sue: Lloyd's of London. (insurance market agent's guilty of neglect)
- Investors who lost money by providing Lloyd's of London with capital for insurance markets may base neglect suits on two new reports which say agents were incompetent. However, the agents carry little insurance and investors would net little money with lawsuits.AFTER the losses, the lawsuits. That is the way these...
- Research articles 1992-10-17
- American brokers study abroad; Week-long course to become an annual program.(Lloyd's of London educational program)
- U.S. insurance brokers may increasingly turn to Lloyd's of London first when shopping for coverage for their clients, a group of brokerage executives says. Eight brokerages sent representatives to Lloyd's recently as part of a special program to educate U.S. brokers about the 312-year-old...
- Research articles 2000-07-17
- Reinsurers watching changes at Lloyd's. (Lloyd's of London)(Rendez-Vous De Septembre)
- MONTE CARLO, Monaco - The influx of insurance and reinsurance company capital into Lloyd's of London is raising questions about whether the market will lose its unique qualities. Some market observers have said Lloyd's will become less a collection of entrepreneurial syndicates and more a collection...
- Research articles 1997-09-22
- Lloyd's of London Chairman to Speak about Terrorism and War Risk at NPC Morning Newsmaker Program
- News Advisory: Lord Peter Levene, chairman of global insurer Lloyd's of London and former Lord Mayor of London, will discuss the growing exposures of war and terrorism, and outline the importance of a flexible and coordinated response from the insurance industry and its regulators. Lloyd's of London currently writes a...
- Research articles 2003-03-11
- Lloyd's seeks to shed its archaic practices.
- Jan 21, 2002 (The Courier-Mail ABIX via COMTEX) -- Lloyd's of London has approved a number of initiatives aimed at modernising the 314-year-old insurance giant. Under the proposed changes, all companies and individuals that underwrite insurance at Lloyd's will be restricted to a limited...
- Research articles 2002-01-20
- St. Paul Cos. experiments with investment in Lloyd's. (St. Paul Fire and Marine Insurance Co., Lloyd's of London)
- LONDON--St. Paul Fire and Marine Ins. Co. this year became the only U.S.-based individual corporate member of Lloyd's, with a capital investment of 14 million [pounds] ($20.5 million) spread over 12 syndicates. St. Paul tried to target the lines of insurance that were ...
- Research articles 1994-03-28
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