Lloyd's of London News – Page 38
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NewsHolidaymakers warned that drinking too much could mean a rejected claim
Ombudsman says rejected claims are commonplace for holidaymakers who drink too much
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NewsTrade credit insurance vital as insolvencies hit highest level since 2013
ABI assistant director, head of property, commercial and specialist lines Mark Shepherd warns on the importance of trade credit insurance after insolvency rates rose in 2017
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News2018 set to show further growth in ILS market
WTW Securities analysis shows capital growth and improved risk could make 2018 another record-breaking year for the ILS market
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NewsCarillion: Second wave of insolvencies will cause “considerable challenges” for underwriters
Carillion collapse has “clearly demonstrated” the value of credit insurance, says chair of Biba’s Trade Risk Focus Group, as he warns of a second wave of insolvencies
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NewsLexis Nexis launches software development kit for access to telematics exchange
Insurance providers will now be able to plug into the telematics platform and build applications
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NewsUK insurer in £1m legal battle against Lloyd’s broker
A UK insurer has filed a winding-up petition against a Lloyd’s broker it accuses of negligence after the broker failed to honour a default judgement and pay out almost £1m
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NewsFailure of a top cloud-service provider could cost US economy $15bn
According to a Lloyd’s and AIR Worldwide report, businesses in the US could lose $15bn if a leading cloud service provider was to experience three days of downtime
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NewsAdmiral "consulting lawyers" over Sun article
The Sun previously claimed Admiral gave different quotes depending on the customer’s name
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NewsLack of trade credit cover exposed in Carillion fallout
The ABI estimates Carillion trade credit insurance payouts at £31m, but that is a fraction of the losses expected.
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NewsCII's Sian Fisher and Inga Beale call for action over women’s risks
Beale and Fisher call for action, as a CII report shows that “millennial” women are expected to be worse off than their mothers and grandmothers
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NewsBuckle and Gibbs to lead RSA UK&I commercial businesses
RSA’s UK & International business appoints Tony Buckle and Rob Gibbs as managing directors of GRS and CRS, respectively
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NewsJLT looks to Nexus Underwriting to appoint its new partner
Richard Wynn joins JLT Specialty from Nexus Underwriting Management
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NewsKelliher make senior appointments to accommodate regional expansion
Kelliher makes a number of senior appointments as it looks to expand its regional reach
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NewsBroker product to tackle FCA cancer travel insurance concerns
Bought By Many addresses cancer travel insurance concerns by launching its first travel insurance product specifically for people with cancer and other serious health conditions
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NewsAIG to buy Validus for $5.6bn
US insurance giant says deal brings reinsurance and Lloyd’s operations to group
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NewsNevada buys remaining 20% of Broker Network
Nevada Holdings adds to the 77% stake it has in Broker Network by acquiring remaining 19.9% from Ardonagh
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NewsCredit insurers to feel “significant impact" after Carillion liquidation
Associate director at credit insurance broker Acumen says that insurers are likely to see large claims and warns of a “domino” effect over the coming months
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NewsLiiba reveals key priorities for 2018
Lloyd’s trade body Liiba will look to tackle three key priorities in 2018
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NewsECIC urges brokers to help customers in the fallout of Carillion
ECIC says many customers are at risk of financial difficulties, or even failure, because of the Carillion collapse
