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Results:1-10 of 12

Lloyd's announces new strategy for 2011
  • Locke Lord LLP
  • United Kingdom
  • December 21 2010

On 6 December 2010, Lloyd's published its strategy for 2011 with a strong emphasis on intensifying its regulatory function.


Court considers the appropriate forum for Lloyd's slip policy dispute
  • Locke Lord LLP
  • United Kingdom, Canada
  • September 24 2010

In the recent case of Stonebridge Underwriting Limited v Ontario Municipal Insurance Exchange 2010 EWHC 2279, Mr Justice Christopher Clarke considered whether a dispute based on a "typical London market slip policy" should be heard in London or Ontario, Canada.


New York federal court refuses to appoint umpire, finding that arbitration clause provided sufficient mechanism
  • Locke Lord LLP
  • USA
  • September 20 2010

A dispute arose between Certain Underwriters at Lloyd’s London and R.A. Wilson & Associates, Ltd concerning an insurance policy.


Lloyd's Market drafts exclusion to ensure compliance with Iran sanctions
  • Locke Lord LLP
  • USA, Iran
  • August 23 2010

As previously reported in this blog, President Obama signed into law the Comprehensive Iran Sanctions, Accountability and Divestment Act of 2010 (the "Iran Sanctions Act") in July, following the less stringent sanctions passed earlier by the U.N.


Lloyd's will not insure or reinsure petroleum shipments to Iran
  • Locke Lord LLP
  • United Kingdom
  • July 13 2010

According to a recent Reuters article, Lloyd's of London, the world's largest insurance market, has said it will comply with sanctions signed into law by President Obama on July 1.


Lloyd's regulates conflict of interest for underwriters of broker E&O insurance
  • Locke Lord LLP
  • United Kingdom
  • July 8 2010

On 6 July 2010, Lloyd's issued Market Bulletin Y4408 clarifying the reporting requirements of managing agents who underwrite broker errors and omissions (E&O) insurance.


Lloyd's China granted licence to write direct insurance
  • Locke Lord LLP
  • China
  • June 18 2010

The China Insurance Regulatory Commission (the CIRC) has granted Lloyd's China a licence to write direct insurance.


Lloyd's publishes its 2010 to 2012 strategy and reshuffles management
  • Locke Lord LLP
  • United Kingdom
  • February 11 2010

On 8 February 2010, Lloyd's released its 2010 to 2012 strategy plan, including specific corporate actions for 2010.


New York Insurance Department sets target date for Insurance Exchange revival (updated)
  • Locke Lord LLP
  • USA
  • February 10 2010

At the Insider Scope conference in London on February 10, 2010, New York Insurance Department (“NYID”) Superintendent James Wrynn announced that the NYID is targeting September 2010 for the publication of its action plan for the launch of the reconstituted New York Insurance Exchange (the “Exchange”).


Chaucer latest Lloyd's entity to consider new domicile
  • Locke Lord LLP
  • United Kingdom
  • January 26 2010

In an interview with Bloomberg, Chaucer's chief executive officer Bob Stuchbery has indicated that Chaucer will consider redomiciliation out of the UK this year, noting that he would much prefer that Chaucer remained in the UK under a more competitive corporation tax environment.