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The Latest Breaking News from Lloyd

Rachel Reeves’s plan for Heathrow to ‘turbocharge’ economy struggles to take off

Chancellor’s optimistic economic growth vision hit in the short term as Tesco and Lloyds announce hundreds of job losses and she admits fixing the economy is ‘not an easy job’

The Independent UK

Lloyd’s of London chief executive John Neal to leave for Aon

John Neal was appointed chief executive in 2018 and has led the business through a tumultuous economic and geopolitical climate.

Evening Standard

London's largest insurance market, famed for its male-dominated culture of alcohol and drugs, finally cracks down on drinking at work

Lloyd’s of London plans to ban “conducting Lloyd’s business when under the influence of alcohol where it leads to unprofessional behaviour.”

Fortune

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Lloyd's of London half-year profit up by £1 billion in boost for the City

London insurance marketplace’s exposure to Baltimore bridge disaster put at £500 million

Evening Standard

UK’s largest mortgage lender to allow first-time buyers to borrow 5.5 times their salary

The number of mortgages approved for home buyers has jumped to its highest level since the Liz Truss’ disastrous mini budget

The Independent UK

Lloyds Bank sued for discrimination by employees disciplined over pro-Palestine views

Afra Sohail and Aunngbeen Khalid were subject to disciplinary action for their comments by their employer Lloyds Bank

The Independent UK

Unanimous First Amendment Victory for the NRA (Represented by the ACLU)

From Justice Sotomayor's opinion today in NRA v. Vullo (the NRA was represented by the ACLU, with David Cole arguing before the Court; by William Brewer, Sarah Rogers & Noah Peters of Brewer Attorneys & Counselors; and by me): [A.] Six decades ago, this Court held that a government entity's…

Reason

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Lloyd's Insurers Expect Moderate Baltimore Bridge Claims

Lloyd's insurers are closely monitoring the Baltimore bridge incident, anticipating moderate claims and ensuring a proactive response.

Top News

Titanic bill from Baltimore disaster might be curbed by old law from the days of sail

There’ll be a colossal bill from the destruction of the Francis Scott Key Bridge in Baltimore — but a law from the days of sailing ships might limit it.

Crikey

Baltimore Bridge Collapse Leads To Projected Record-Breaking Insurance Loss

The collapse of the Francis Scott Key Bridge in Baltimore is anticipated to result in the largest single marine insurance loss in history.

International Business Times

Baltimore bridge collapse could lead to record insurance loss, says Lloyd’s boss

Bruce Carnegie-Brown says disaster could cost billions and result in largest single marine insurance loss ever

The Guardian - UK

Baltimore bridge collapse may be the biggest ever marine insurance loss, says Lloyd's of London chairman

Lloyd’s in a major part of the global maritime insurance trade and also hailed strong financial results for 2023

Evening Standard

Sarah Weir obituary

Head of Arts Council England provision for London, the Design Council and arts and cultural strategy at the 2012 Olympics

The Guardian - UK

The Lane Motor Museum Is Selling Some Of Its Weirdest Cars On The Cheap

The Lane Motor Museum in Nashville, Tennessee, is selling a set of strange cars, including a six-wheel-drive Tatra truck.

Motor1

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Reason

This NRA Supreme Court Case Has Big Implications for Porn

The ACLU will represent the gun rights group in a case with widespread relevance for free speech.

The Independent UK

Ukraine is shipping more grain through the Black Sea despite threat from Russia

Increasing numbers of ships are streaming toward Ukraine’s Black Sea ports and heading out loaded with grain, metals and other cargo despite the threat of attack and explosive mines

The Guardian - UK

Lloyd’s of London insurers dominate underwriting of fossil fuel projects, study shows

Annual ‘scorecard’ of major firms insuring oil, gas and coal projects puts household names Allianz, Axa, AIG and Aegis in Top 10

The Guardian - UK

Lloyd’s of London slavery review fails to settle heated question of reparations

Insurance market’s honesty is welcome, as is £12m programme to increase ethnic diversity in workplace, but more must be done

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The Guardian - UK

Lloyd’s of London accused of ‘reparations washing’ over response to slave trade review

World’s biggest insurance market played ‘significant role’ in transatlantic trade, research finds

Evening Standard

Lloyd's of London insurance syndicate group set for rare new London Stock Exchange listing next month

The listing is set to raise £300 million

The Street

U.S. financial firms could be on the hook for $1.1 trillion in this worst case scenario

Lloyd's warns that a major cyber attack on a financial services payments system could lead to staggering global losses.

The Guardian - UK

Big European insurers ‘underwrite 30% of US coal despite net zero pledges’

Lloyd’s of London, Zurich and Swiss Re among top 10 insurers of largest US coalmines, study finds

The Guardian - UK

Bill Blacklock obituary

Other lives: Marine engineer and surveyor with Lloyd’s Register who also served in the merchant navy in the second world war

The Guardian - UK

Free food and threats to bonuses: UK finance and tech firms fight working from home

Banks and insurers join Google, Amazon and Meta in encouraging staff to spend most of week in office

The Guardian - UK

Caribbean nations set to demand royal family makes reparations for slave trade

Lloyd’s of London and Church of England also to be approached over role in past exploitation

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