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Lloyds

2017 Remembrance Day ceremony

The Underwriting Room fell silent today at 11am as the Lutine Bell was struck and two minutes silence observed as part of Lloyd’s annual Remembrance Day ceremony.

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Insurance Day

2017 Remembrance Day ceremony

The Underwriting Room fell silent today at 11am as the Lutine Bell was struck and two minutes silence observed as part of Lloyd’s annual Remembrance Day ceremony.

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YouTalk Insurance

Insurance Insider

GDPR brings huge 'silent data risk' for liability insurers

Liability insurers are facing a huge increase in potentially silent exposures as a result of the increased litigation and compensation claims expected following implementation of the EU General Data Protection Regulation (GDPR). A DAC Beachcroft report that polled lawyers across the EU found that 80 percent of respondents expected the GDPR to increase litigation and compensation claims - which are typically insurable under liability policies. "Litigation can really cost insurers and this increasing exposure is potentially a sleeping giant,&quot...

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PCS North American cat loss figures pass $70bn

A tally of first-round PCS claims estimates for natural catastrophes in the US territories and the Caribbean puts total insured losses to $71.8bn for the year-to-date. Excluding losses for Maria and the $4bn of Caribbean losses from Irma, US-only losses are currently pegged at $45.9bn by the data provider. On either basis, the PCS figures far exceed a Munich Re tally for 2016 of $29bn in insured losses from North America and the Caribbean. In 2016, the most serious event...

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