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Lloyd's insurers expect moderate Baltimore bridge claims

Lloyd's of London insurers Hiscox and Lancashire do not expect large insurance claims from the collapse of Baltimore's Francis Scott Key Bridge in March that caused widespread disruption, they said on Thursday. The Wall Street Journal reported on Thursday insurer Chubb was preparing to make a $350 million payout to the state of Maryland. Hiscox does not have direct exposure to the business interruption policy of the port, which is the busiest in the United States for auto shipments, or the property policy covering the bridge, the insurer said in its first-quarter trading statement. ....

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Lloyd's of London to invest $65 million following slavery report

LONDON (Reuters) -Lloyd's of London will invest 40 million pounds ($49.6 million) in regions affected by the transatlantic slave trade, it said on Wednesday, after a report showed the commercial insurance market had strong links to the trade. Lloyd's will also spend around 12 million pounds on a programme to improve recruitment and progression for Black and other ethnic minority employees in the commercial insurance market, including bursaries for Black university students, it said in a statement. Lloyd's formed part of a sophisticated network of financial interests that made the slave trade possible, according to research published by Black Beyond Data, based at Johns Hopkins University. ....

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Lloyd's of London pays out over slave trade links

Lloyd's of London, the insurance market, said Wednesday it would spend £52 million ($64 million) on racial-equality causes after a report found it played a "significant role" in the transatlantic slave trade."Black Beyond Data's research makes clear that Lloyd's, which is over three hundred years old, played a significant role in enabling the transatlantic slave trade and economy, forming part of a sophisticated network of financial interests and activities that made these activities possible," ....

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Lloyd's of London unlocks its expertise and innovation to help tackle global risks

The City's 300-year old institution stay at the forefront of change powered by its rich data library ....

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Exclusive-Lloyd's in talks with UN over new Black Sea grain insurance cover

LONDON (Reuters) -Lloyd's of London is in talks with the United Nations over providing insurance cover for Ukrainian grain shipments if a new Black Sea corridor deal can be reached, its CEO John Neal told Reuters on Thursday. NATO member Turkey is seeking to convince Russia to return to the so-called UN-brokered Black Sea Grain Initiative after Moscow withdrew in July, ending a year of protected exports from Ukrainian ports amid the war. Securing insurance cover is crucial for shipments leaving Ukraine. ....

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