London Marine Insurers to Meet After Ship Attacks in Middle East

By Jonathan Saul LONDON, May 15 (Reuters) - London's marine insurance market will meet on Thursday to assess whether it needs to change the risk level for vessels in the Gulf after an attack on ships off the United Arab Emirates earlier this week, a senior official said on Wednesday. Such a move could lead to an increase in insurance premiums. On Tuesday, armed drones … [Read more...]

Lloyd’s of London Plots New Course as Storm Clouds Gather

By Carolyn Cohn and Jonathan Saul LONDON, April 26 (Reuters) - Lloyd's of London, the world's oldest insurer of seafaring vessels, is facing its own perfect storm. Old-fashioned business practices, exposure to natural disasters, competition from rival centers and Brexit are all threatening Lloyd's reputation as the place to insure anything from ships to sculptures to soccer … [Read more...]