“esprit de corps”

LLOYD'S The Early Days The early London coffee houses were centres not only of commerce and literature, but of debate. They also had a political influence which moved Charles II to attempt, unsuccessfully, their suppression as "nurseries of sedition and rebellion". Among the innumerable 17th century London coffee houses was one called "Lloyd's Coffee House

Solvency II: where are we now?

Although there is no certainty on the Solvency II implementation date, EU policymakers are continuing to finalise key aspects of the framework. Recent developments include EIOPA’s consultation on interim measures, the impact assessment of the long-term guarantee package and a debate on whether new legislation is needed formally to delay Solvency II’s application. Solvency II

Lloyd’s announces annual results for 2012 (EUR)

Wed 27 Mar 2013 Lloyd’s, the world’s specialist insurance market, today announced a profit of €3.41 billion for 2012. The return to profit follows a loss of €619 million in 2011, which was the costliest year on record for natural catastrophes. Controlled growth saw gross written premium income reach a record high of €31.4 billion,

Insurance Fraud

David Player and Gerald “Trey” Hardin of Sumter County, S.C., convinced Michael “Porky” Weaver, who is severely mentally handicapped and illiterate, that they could get money if they cut off Mr. Weaver’s hand. Messrs. Player and Hardin cut off Mr. Weaver’s hand using a trimmer with an eight-inch chainsaw blade at the end of a

Munich Reinsurance Co. reports profits of $3.51B for first nine months of 2012

Munich Reinsurance Co. reported profits of $3.51B for first nine months of 2012. Citing unusually low claims costs for natural catastrophes, Munich Reinsurance Co. on Wednesday reported net income of €2.73 billion ($3.51 billion) for the first nine months of 2012, a 3,312.5% increase over the prior-year period. The Munich-based insurer and reinsurer's gross written

Lloyd’s records £1.53bn profit for first six months

Lloyd’s has today reported an interim profit of £1.53bn for the first six months of the year, the highest interim profit posted for five years, and one which follows the second most expensive year on record for the insurance industry in 2011. In his statement, Lloyd’s Chairman John Nelson attributes the result to a lack

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