Lloyd’s of London allows staff to work from home as heatwave hits the capital Business Lloyd’s of London is allowing its staff to stay away from the historic City building as yet another heatwave threatens to hit London. The home of the world’s leading specialist insurance and reinsurance marketplace has told staff they are able to use their judgement and work from home this week with temperatures in the Square [...]
Exclusive: Saudi ship struck by Houthis had insurance from Lloyd’s insurance giant Insurance Insurance giant Gallagher had insured one of two ships that were attacked by the Houthis in the Red Sea, which caused a fire to break out on board and made the ship return to port. The Lloyd’s of London broker had organised cover for the affected vessel, which was one of a pair of tankers [...]
HSBC sells Singapore insurance arm to Allianz in £1.6bn deal Banking FTSE 100 HSBC has agreed to sell its health and life insurance business to German insurance giant Allianz for $2.1bn (£1.6bn) as it refocuses its strategy on Singapore’s wealth management. The banking giant agreed to sell its Singapore business to Allianz in a transaction that is expected to be completed in the first half of [...]
Former Lloyd’s chief John Neal breached rules with undisclosed relationship July 22, 2026 Former Lloyd’s of London chief executive John Neal fell “significantly below” expected standards in his workplace relationship with a colleague, an independent legal review by Freshfields has found. Neal had run the historic London insurance marketplace for over six years when he stepped down last year. He was in line to become president of general [...]
‘Nearing a turning point’: Reinsurers set to pay out as climate disasters loom June 29, 2026 The insurance industry is bracing for severe losses in the next financial year as global natural disasters trigger higher claims from consumers. Morningstar analysts predict reinsurance earnings to peak over the course of 2026, arguing that the industry is currently at the bottom of a low-loss weather cycle, meaning it is seeing the end of [...]
A meeting with the breakfast king of Mayfair June 29, 2026 He’s a life insurance salesman who dines at Claridge’s thrice daily. Anna Moloney meets the breakfast king of Mayfair.
Lloyd’s deputy chair: The City is a club in the best sense June 25, 2026 Each week, we dig into the memory bank of the City's great and good. Today, Vicky Carter tells us about Lloyd's first female deputy chair.
K2 PI aims high: Lloyd’s-backed MGA targets larger PI risks June 24, 2026 Partner content, in association with K2 PI Freshly backed by Lloyd’s of London, K2 PI, which specialises in professional indemnity, has its sights set on competing with larger brokers through its broker-neutral managing general agent (MGA) model. Speaking to City AM, Richard Smart, managing director of K2 PI, explained, “We’ve got 100 per cent Lloyd’s backing, [...]
Lloyd’s and Chubb unlock $400m to jumpstart Strait of Hormuz shipping June 19, 2026 The world’s largest insurance marketplace is set to break the Strait of Hormuz logjam with a new $400m (£316m) war-risk facility. Lloyd’s of London has launched a new market consortium designed to provide additional marine war risk insurance capacity for vessels and cargo transiting the Strait of Hormuz. Insurer Chubb will serve as lead underwriter, [...]
Kennedys tops £450m global revenue as Middle East conflict helps drive growth June 10, 2026 Law firm Kennedys has reported its 12th consecutive year of growth, surpassing £450m for the first time, with the Middle East conflict partly driving revenue. The City-headquartered firm, which specialises in advising the insurance sector, has generated £457m for the financial year 1 April 2025 to 31 March 2026, up from £428m in the previous [...]