Richard Ward

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  Lloyd's of London Back to Profit on Fewer Catastrophes

  By Reuters  |  March 27, 2013

  The Lloyd's of London insurance market returned to profit in 2012, bouncing back from a 516 million pounds loss in 2011 after claims fell on account of fewer natural disasters.

• Lloyd’s Reports Strong First Half; Says Underwriting Discipline ‘Top Priority’

  By Mark E. Ruquet, PropertyCasualty360.com  |  October 1, 2012

  Lloyd’s says its 2012 first-half net income more than doubled compared to last year because of benign catastrophe activity, but the insurance market admits that loss events in the second half of the year could still weigh on year-end results.

• Lloyd’s Reports Strong First Half; Says Underwriting Discipline ‘Top Priority’

  By Mark E. Ruquet, PropertyCasualty360.com  |  September 26, 2012

  Lloyd’s says its 2012 half-year net income more than doubled compared to last year because of benign catastrophe activity, but the insurance market warned that loss events in the second half of the year could still weigh on year-end results.

• Lloyd's CEO: Latest Banking Scandals Could Mean More Regulatory Headaches for Insurers

  By Reuters  |  September 11, 2012

  Insurers could be caught up in a fresh regulatory backlash triggered by banking scandals such as the Libor rate-rigging affair, the head of the Lloyd's of London insurance market said.

• Lloyd’s Posts $800M Loss in 2011 Due to Cats

  By Mark E. Ruquet  |  April 5, 2012

  Lloyd’s says record catastrophe losses led to a loss of more than $800 million for 2011 as the specialty-insurance market experienced the largest catastrophe-claims year in its history.

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  The Week in Quotes

  By Staff Writers  |  March 30, 2012

  Industry leaders have a lot to say. PC360 brings our readers the top quotes from major industry players for the week of March 26.

• Lloyd’s Posts $800M Loss in 2011 Due to Cats

  By Mark E. Ruquet, PropertyCasualty360.com  |  March 28, 2012

  Lloyd’s says record catastrophe losses led to a loss of more than $800 million for 2011 as the specialty-insurance market experienced the largest catastrophe-claims year in its history.

• Lloyd’s Sets Thailand Flood Loss Estimate at $2.2B

  By Staff Writer  |  February 15, 2012

  Lloyd's estimates its net claims from last year's flooding in Thailand will be $2.2 billion, based on its estimate of $15 billion to $20 billion in losses for the insurance industry overall.

• Lloyd’s: Talent Shortage a Top Risk for Businesses

  By Caroline McDonald, PropertyCasualty360.com  |  December 15, 2011

  The need for talent and skill remains a top concern for American executives, despite high unemployment levels.

• Talent Shortage a Top Risk for Businesses, Lloyd’s Says

  By Caroline McDonald, PropertyCasualty360.com  |  December 8, 2011

  The need for talent and skill remains a top concern for American executives, despite high unemployment levels.

• Lloyd’s Takes First-Half Loss On Cats

  By Caroline McDonald, PropertyCasualty360.com  |  September 22, 2011

  Lloyd’s on Sept. 21 announced an interim loss before tax of £697 million ($1.12 billion at current exchange rate) for the 2011 first half, compared to £628 million ($980.3 million) in profit for the same period a year ago.

• Cats Blamed for Lloyd’s Costliest First Half on Record

  By Caroline McDonald, PropertyCasualty360.com  |  September 21, 2011

  Lloyd’s today announced an interim loss before tax of £697 million ($1.12 billion at current exchange rate) for the 2011 first half, compared to £628 million ($980.3 million) in profit for the same period a year ago.

• Lloyd’s Expects Rates To Firm After Quakes, Flooding, Tornadoes

  By Chad Hemenway, PropertyCasualty360.com  |  May 13, 2011

  The head executive at Lloyd’s of London says the market expects rates to firm as a result of first quarter catastrophes throughout the world and the April tornadoes in the U.S.

• Nelson To Replace Lord Levene As Lloyd’s Chairman

  By Caroline McDonald, PropertyCasualty360.com  |  April 25, 2011

  John Nelson is to be appointed the next chairman of Lloyd’s, replacing Lord Peter Levene in October, the Council of Lloyd’s says.

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  Nelson To Become Lloyd’s Next Chairman

  By Caroline McDonald, PropertyCasualty360.com  |  April 18, 2011

  Lloyd's says insurance newcomer John Nelson will become its new chairman in October.

• Cats Drive 42% Drop In Lloyd’s 2010 Profits

  By Caroline McDonald, PropertyCasualty360.com  |  April 4, 2011

  Lloyd’s says its 2010 before-tax profits dropped nearly 42 percent to £2.19 billion ($3.44 billion at current exchange rate) compared to £3.87 billion ($5.9 billion) in 2009.