Lloyd's of London

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• Stanford Sues Lloyd's of London

  ReutersUK - 2009-11-24

  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...

  Tags: Lloyd's Of London, Stanford, Kuhrt, Litigation, Insurance, Operational Accounting, Financial Services, Lloyd

• Lloyd's Warns of Waning Market Surge

  ReutersUK - 2009-10-27

  LONDON (Reuters UK) - The Lloyd's of London LOL insurance market cautioned that a strong investment performance from surging share and bond markets would not be sustained and said its full-year expectations were unchanged."There have been no events that have resulted in any material changes to our expectations for the...

  Tags: Financial, Bond, Lloyd's Of London, Lloyd, Financial Accounting, Investment, Finance, Oukbs

• Lloyd's of London.

  - 2001-11-26

  The Daily Telegraph According to sources, Lloyd's of London is likely next week to announce an estimated increase in losses from the US terrorist attacks in its quarterly figures. Two weeks after the attacks Lloyd's judged its exposure to be [pound]1.3bn (e2.1bn). It ...

  Tags: Lloyd, Lloyd's of London

• Lloyd's of London.

  - 2001-10-22

  The Observer Lloyd's of London, the insurance market, has bolstered its finances for the second time since September 11 to meet soaring claims following the US terrorist attacks. The firm has rushed through emergency measures allowing individual names (investors who put...

  Tags: Lloyd, Lloyd's of London

• Judge denies request for Jaffray appeal.(Brief Article)(Statistical Data Included)

  - 2001-01-08

  LONDON--Lloyd's of London names who had hoped to appeal the verdict in the Jaffray vs. Lloyd's fraud case have been dealt a blow by the judge in the case. At a Dec. 21 hearing, Mr. Justice Cresswell, the presiding judge, denied the 216 names...

  Tags: Lloyd, Lloyd's of London

• Lloyd's bullish on opportunities as prices firm.(Lloyd's of London)(Statistical Data Included)

  - 2000-08-28

  Lloyd's of London has had an up-and-down year. While the Jaffray vs Lloyd's fraud case this spring recalled the turbulent period following Lloyd's huge losses in the early 1990s, the market is optimistic about its future. "Lloyd's is now firmly re-established as an authoritative commentator. We...

  Tags: Fairfax Holdings Inc., Lloyd, Lloyd's of London, Moody's Investors Service Ltd., S&P

• Lloyd's of London to Cut 300 Jobs in its Insurance Services Unit.

  - 1998-09-21

  Knight Ridder/Tribune Business News Sep. 18--The Lloyd's market is to axe 300 jobs in its insurance services division in a UKpound 10 million cost-cutting drive. The division has 1000 staff. Lloyd's chief executive Ron Sandler says: "Insurance worldwide is experiencing radical restructuring to ...

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• Horror at Lloyd's; anger on Main Street.(Books)(Business)

  - 1996-09-15

  It's a rare investor who likes to own up to losing money, even in the vain hope of recovering funds thrown at a failed venture. But in Risky Business: An Insider's Account of the Disaster at Lloyd's of London (Scribner, $25, 343 pages), Elizabeth Luessenhop ...

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• Lutine bell tolls relief for Lloyds.(regulators approve creation of Lloyd's of London's reinsurance company Equitas)

  - 1996-09-09

  LONDON--Lloyd's of London celebrated the successful conclusion of its 3.2[pounds] billion reconstruction and renewal plan last week after receiving final regulatory authorization for Equitas, the reinsurer that will separate the market from its old-year liabilities. The occasion was celebrated formally with the ringing of the Lutine...

  Tags: Equitas, Lloyd, Lloyd's of London, Nelson

• Lloyd's vote on renewal plan still too close to call.(Lloyd's of London)

  - 1996-03-25

  NEW YORK--While most London insurance market observers believe Lloyd's proposed reconstruction and renewal plan offers the best deal to those members shouldering the biggest liabilities, it is by no means assured the plan will get the membership's approval, or that the plan will be successful if...

  Tags: Lloyd, Lloyd's of London