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The Latest Breaking News from Lloyd

Dubai Aerospace, with 19 jets stuck in Russia, sues 11 insurers in London

Aircraft leasing firm Dubai Aerospace Enterprise (DAE) has filed a London lawsuit against 11 insurers, including Lloyd's of London, AIG, Chubb and Swiss Re, two months after it wrote off almost $600 million for 19 aircraft stuck in Russia.

Reuters

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

Lutine Bell to be rung in honour of Queen Elizabeth II and King Charles III

Lloyds of London will mark the monarch’s death and the start of the King’s reign.

The Independent UK

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Lloyd’s boss: Liz Truss watchdog merger ‘would be distraction’

Lloyd’s chairman Bruce Carnegie-Brown also complained businesses were being hampered by delays to the process of approving new company directors.

Evening Standard

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

The Guardian - UK

Hunter festival boss sues insurer over Black Summer cancellation

Organiser Scott Commens and the owners of Riverwood Downs decided to call off the event in the face of the 2019 bushfires, which were burning just kilometres away from the festival site.

Newcastle Herald

Insurer sued over bushfire-axed festival

Lloyd's has been hit with a lawsuit for around $870,000 after refusing to compensate a NSW music festival cancelled during the Black Summer bushfires.

AAP

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Southie works swell $4.5m on original cost

A City of Newcastle contract to upgrade Bathers Way at South Newcastle Beach has increased again and is now $4.5 million more than when the project was announced.

Newcastle Herald

Big premiums hikes as climate adaptation plan identifies need for insurance

Five 'headwinds' will sharply affect premiums this year – just as the country's climate adaptation plan highlights the danger of pricing insurance out of reach of vulnerable communities.

Newsroom.co.nz

Lloyd’s of London stays put in boost to the City

City Comment: The City is brilliant at reinventing itself, sometimes it doesn’t need to

Evening Standard

Lloyd’s of London attempts to shift AGM online to avoid climate protesters

Insurance market chair urges members to attend virtually owing to ‘significant risk’ activists will disrupt meeting

The Guardian - UK

Extinction Rebellion protesters force Lloyd’s of London to close HQ

Environmentalists block entrance to insurance market as they demand end to fossil fuel support

The Guardian - UK

Buildings barricaded and smeared in red paint as activists cause chaos in London

At least 60 protesters from Extinction Rebellion have barricaded the entrances to Lloyd's of London with bike locks and chains while Palestine Action activists shut down Elbit Systems

Daily Mirror

Extinction Rebellion force Lloyd’s of London to close headquarters after blocking entrance

City of London Police said it is aware of a protest and that officers are at the scene.

Evening Standard

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The Independent UK

Climate activists aim to shut Lloyd’s of London for the day in fossil fuels protest

City of London Police said it is aware of a protest and that officers are at the scene.

The Guardian - UK

Lloyd’s moves to cancel insurance cover of Russian firms hit by sanctions

Action comes as Lloyd’s of London returns to profit but warns Ukraine war will present ‘major claim’

The Guardian - UK

Cost of living crisis hitting economic outlook as firms hike prices – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Lloyd’s of London issues £1m fine over firm’s bullying and ‘boys’ night out’

Lloyd’s issues largest ever fine to Atrium for mishandling of harassment case and ‘tolerating’ inappropriate staff event

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Evening Standard

Lloyd’s insurer fined £1m over bullying and sexual harrassment

LLOYD’S of London today dished out a £1 million fine to a member firm for misconduct including sexual harassment and bullying.

Evening Standard

The inevitable future scandal coming at Lloyds Bank

Comment: Purpose driven CEO is running a bank that is simply too big

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