Lloyd's losses from the earthquake and fires were substantial, even though at the time the placement of insurance business overseas was viewed with some wariness. One of Lloyd's leading underwriters, Cuthbert Heath, famously instructed his agent in San Francisco to "pay all of our policyholders in full, irrespective of the ...
U.S. Coverage Lawyer Needs to Know About Lloyd's, the London Market, and Resolute. Management .... number of bylaws and regulations ensuring that he or she is solvent ... for particular syndicates. In this case, the lead underwriter is. Dornoch, Ltd. Second Amended Complaint at 2, ¶ 2, Underwriters at Lloyd's, London v.
Jul 18, 2017 ... Lloyd's primary focus is on the stability of the market by ensuring it is solvent and liquid to ensure prompt payment of claims to affected policyholders. Principle 2: Management of failing syndicates/members. It is likely that some syndicates/ members will fail following an MTE. Lloyd's will ensure that the run off ...
Lloyd's is not an agent for claims notifications on behalf of underwriters and should be approached only where normal lines of communication may have broken down. It is possible that Lloyd's may not be able to identify the underwriter (s) or otherwise be of assistance. We will attempt to assist inquirers, but in doing so, ...
Lloyd's is the world's leading insurance market providing specialist insurance services to businesses in over 200 countries and territories.
Aug 5, 2010 ... Once admitted to the Society of Lloyd's, each Name is subject to a number of bylaws and regulations ensuring that he or she is solvent and “that at all times there are available sufficient funds” to ... The district court denied the motion, relying on Certain Interested Underwriters at Lloyd's, London, England v.
Apr 11, 2016 ... Case opinion for CA Court of Appeal CERTAIN UNDERWRITERS AT LLOYDS LONDON v. ARCH SPECIALTY INSURANCE COMPANY. Read the Court's full decision on FindLaw.
May 22, 2009 ... As described previously in our January 2007 Insurance Coverage Alert , Lloyd's of London and its reinsurer and runoff agent, Equitas, have proposed a .... Speyford (or its successor) will enter into some type of Solvent Scheme of Arrangement under English law, with a cut-off date for policyholders' claims ...
May 25, 2012 ... The Lloyd's of London insurance market is insolvent again. Underneath its impenetrable jargon and complexities, the regulators are having to allow members and former members' funds, held in trust for the claims of specific policy holders, to be used to pay other policyholders' claims. You may remember ...