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The Latest Breaking News from Lloyd of London

Lloyd's of London deliver "outstanding" profits of £9.6 billion despite disasters

Lloyd’s made up of an underwriting profit of £5.3 billion and an investment return of £4.9 billion boosted by higher interest rates.

Evening Standard

Man arrested after climate activists cut UK insurance firms’ fibre optic cables

Protest group says it targeted insurers ‘due to their critical role underpinning the fossil fuel economy’

The Guardian - UK

Lloyd’s of London chief executive John Neal to leave for Aon

John Neal was appointed chief executive in 2018 and has led the business through a tumultuous economic and geopolitical climate.

Evening Standard

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Hybrid work leads workers to dine out on Sunday, making bosses nervous

Workers are indulging themselves on Sundays in anticipation of a slow start to the week, but bosses are cracking down.

Fortune

London's largest insurance market, famed for its male-dominated culture of alcohol and drugs, finally cracks down on drinking at work

Lloyd’s of London plans to ban “conducting Lloyd’s business when under the influence of alcohol where it leads to unprofessional behaviour.”

Fortune

Lloyd's of London half-year profit up by £1 billion in boost for the City

London insurance marketplace’s exposure to Baltimore bridge disaster put at £500 million

Evening Standard

Baltimore Bridge Collapse Leads To Projected Record-Breaking Insurance Loss

The collapse of the Francis Scott Key Bridge in Baltimore is anticipated to result in the largest single marine insurance loss in history.

International Business Times

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Baltimore bridge collapse could lead to record insurance loss, says Lloyd’s boss

Bruce Carnegie-Brown says disaster could cost billions and result in largest single marine insurance loss ever

The Guardian - UK

Big business benefited from slavery – let it pay reparations

Letters: Readers reflect on the business of slavery and who should refund the unpaid wages from which enslavers profited so handsomely

The Guardian - UK

Lloyd’s of London slavery review fails to settle heated question of reparations

Insurance market’s honesty is welcome, as is £12m programme to increase ethnic diversity in workplace, but more must be done

The Guardian - UK

Big European insurers ‘underwrite 30% of US coal despite net zero pledges’

Lloyd’s of London, Zurich and Swiss Re among top 10 insurers of largest US coalmines, study finds

The Guardian - UK

Free food and threats to bonuses: UK finance and tech firms fight working from home

Banks and insurers join Google, Amazon and Meta in encouraging staff to spend most of week in office

The Guardian - UK

Caribbean nations set to demand royal family makes reparations for slave trade

Lloyd’s of London and Church of England also to be approached over role in past exploitation

The Guardian - UK

Workers should be in office at least three days a week, says Lloyd’s of London boss

Chairman Bruce Carnegie-Brown also says clients are not properly served if workers avoid Mondays and Fridays

The Guardian - UK

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Tribune News Service

Cory Fleming pleads guilty to role in Murdaugh plot to steal $4.3 million from dead housekeeper

COLUMBIA, S.C. — Once he stood beside people accused of crimes, representing them in their time of trial.

The Guardian - UK

UK students pledge ‘career boycott’ of insurers over fossil fuels

Hundreds of students and graduates vow not to work for ‘climate wreckers that insure those responsible for the climate crisis’

The Guardian - UK

Lloyd’s of London offers to insure NHS for unexpected costs such as pandemic

Head of insurance market floats idea of giving government bespoke flood and drought cover

The Guardian - UK

Lloyd’s of London swings to loss after £21bn of claims including Hurricane Ian and Ukraine

World’s biggest insurance market reports pre-tax deficit of £769m for 2022 after profit of £2.3bn in 2021

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Fortune

A major insurance CEO complains about workers shunning the office: 'We need to get Monday back'

Lloyd's of London's John Neal sees more traffic in the middle of the week than on Mondays, reducing the face-time employees get in the office.

The Guardian - UK

A bold claim? Lloyd’s tips England for World Cup based on ‘insurable value’

England have been tipped to win the World Cup by a forecasting model that successfully predicted France would win in 2018 and Germany in 2014

Reuters

Ukraine insurance costs surpass Iraq war levels, industry sources say

Insurance for humanitarian workers, journalists, engineers and others heading to Ukraine is now more expensive and harder to organise than during the Iraq war.

The Guardian - UK

Coal projects outside China becoming ‘uninsurable’, says climate group

As big firms stop insuring coal, complex schemes unlikely to find expertise needed, says Insure Our Future

The Guardian - UK

ECB hikes interest rates by record 75bp and slashes growth forecasts – as it happened

Christine Lagarde warns that eurozone economic growth is weakening, but EBC plumps for record increase in borrowing costs to curb inflation

The Guardian - UK

Lloyd’s of London takes £1.1bn hit from Ukraine war

Insurance market warns of financial fallout from conflict and tough year of natural catastrophes

Financial Times

Can a city be redesigned for the new world of work?

Post-pandemic there is an opportunity to reimagine our urban areas as spaces alive both day and night, at work and at play

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