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Lloyd's

News BrokersMGAs

How Lloyd’s says the industry can make commercial policies easier to read

October 21, 2020 by Greg Meckbach

Traditional insurance policies can be hard to read on mobile devices and legalistic language can make them difficult to understand, Lloyd’s suggested in a recent report. The design and format of policy documents is important, Lloyd’s said in Building simpler

News BrokersMGAs

Veteran brokers are seeing their first-ever hard market. What they need to know.

September 18, 2020 by Greg Meckbach

Brokers with more than a decade of experience could be experiencing their first real hard market right now, and they could probably use some advice about how to break bad news during renewals, an Alberta managing general agent (MGA) suggests.

News AdjustersClaimsClaims CanadaInsurance

How Lloyd’s is handling claims differently with COVID-19

June 3, 2020 by Greg Meckbach

In response to the ongoing pandemic, the Lloyd’s market is changing the way claims are handled when multiple syndicates write one risk. “One challenge with COVID-19 is the subscription nature of the market, whereby it is often several syndicates writing

News AppointmentsInsurance

New president for Lloyd’s Canada

June 1, 2020 by Greg Meckbach

Marc Lipman, former chief operating officer of American International Group (AIG) Canada, is the new president of Lloyd’s Canada. Lipman (pictured, above) replaces Lisa Duval, who had served as Lloyd’s Canada’s attorney in fact and chief agent, on an interim

News Insurance

Lloyd’s estimates COVID’s cost to the industry and its own market

May 15, 2020 by Greg Meckbach

The Lloyd’s market will pay “in the range” of $3 billion to $4.3 billion “as a result of the far-reaching impacts of COVID-19,” the Corporation of Lloyd’s announced Thursday. Comparing the overall COVID-related losses to the 2001 terror attack in

Feature Legal

Losing faith

April 7, 2020 Harmon C. Hayden, founder, Harmon Hayden Law

A defendant insurer admits coverage, so why did the court say its actions showed bad faith?

News ClaimsEngineeringLegal

Why Supreme Court of Canada ruled in favour of Lloyd’s

December 2, 2019 by Greg Meckbach

A $5.6-million court award in favour of Lloyds Underwriters and one of its Quebec-based shipowner clients has been restored by the Supreme Court of Canada. Desgagnés Transport Inc. v. Wärtsilä Canada Inc., released Nov. 28, means a section of the

News AppointmentsInsurance

New chief agent for Canada’s top liability and aircraft insurer

November 22, 2019 by Greg Meckbach

Lisa Duval is the new attorney in fact and chief agent for Lloyd’s Canada, the nation’s fourth-largest property and casualty insurer when measured by premiums. Sean Murphy was chief agent in Canada from September, 2012 until last month. “Taking a

News AdjustersClaims CanadaInsuranceRisk

Take-up rates low in this line of commercial insurance: Lloyd’s

October 22, 2019 by Greg Meckbach

Is your client’s loss of income covered if the business got interrupted because of a catastrophe that hit a supplier? That depends on what the policy says and whether the client actually bought contingent business interruption (CBI) insurance. And these

Feature Brokers

Expanding Choice

October 2, 2019 Jason Contant, Online Editor

It’s a ‘Kodak moment’ for Canadian brokers seeking to expand consumer choice in a tightening market, says Nigel Roberts, head of distribution at AEGIS London. Here’s how to brighten the picture

News Markets / Coverages

This is how hard the Lloyd’s market has become

September 19, 2019 by Greg Meckbach

Insurance rates on renewal are up nearly 4% in the Lloyd’s market, which has returned to profitability. “While market conditions generally remain at historically competitive levels, price increases have been witnessed across all major lines, most notably in property and

News Insurance

Observations on cyber from Canadian Lloyd’s coverholder

July 15, 2019 by Greg Meckbach

Your commercial clients may be able to get cyber insurance with fewer underwriting questions than in the past, but you should still pay close attention to those clients’ risk management practices, the head of a Toronto managing general agent suggests.