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The Latest Breaking News from Lloyd

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

Lloyd’s of London returns to profit with ‘bulletproof’ balance sheet

World famous insurance marketplace secures payment from Russian insurers over seized planes

Evening Standard

Republicans' anti-ESG attack may be silencing insurers, but it isn’t changing their pro-climate business decisions

Over recent months there has been an orchestrated pushback against investors and insurers who integrate the risks of climate change into their business models. That pushback – emanating from Republican-led states – is having an impact on how companies speak publicly. But whether it will affect their efforts to respond…

The Conversation

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Ron DeSantis critics gloat over ‘brutal’ reviews of his UK trip: ‘Horrendous, low-wattage, bored’

The Florida governor and his wife travelled this week to Israel, Japan, Korea and the UK on an economic trade mission

The Independent 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

More than money: the logic of slavery reparations

It’s not just about payment. It is about engaging in good faith with the descendants of enslaved people and addressing inequalities – to make a better future possible

The Guardian - UK

The large Welsh town which is losing its very last bank as Lloyds confirms it's pulling out

The decision has been described as 'disappointing and short-sighted'

Wales Online

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Bond meltdown pushes Lloyd’s of London to £800m loss

Lloyd’s of London plunged to an £800 million loss for 2022 it revealed today after big payouts relating to the war in Ukraine and Hurricane Ian in the US came alongside a drop in the value of its investment portfolio.

Evening Standard

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

The Guardian - UK

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.

Fortune

Russia seized their planes. Now South Florida firms sue insurers over alleged loss

The war in Ukraine is creating financial stress for two aircraft leasing companies in South Florida whose planes are being held hostage in Russia.

Tribune News Service

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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Evening Standard

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.

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

Newcastle Herald

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.

AAP

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.

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Newcastle Herald

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.

Newsroom.co.nz

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.

Evening Standard

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

The Guardian - UK

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

Daily Mirror

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

Evening Standard

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.

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