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Lloyd’s of London moves online in response to COVID-19

As one floor closes another (virtual) one opens; 330-year-old specialist insurance market Lloyd’s of London (“Lloyd’s“) has closed its underwriting floors in response to Government guidance regarding the coronavirus pandemic. Last week, the world’s largest insurance hub replaced its four-story “underwriting room” with its electronic trading system, Placing Platform Ltd (“PPL“), which was successfully stress … Continue Reading

Coronavirus – insurance issues for UK businesses and insurers

Earlier this week we looked at the effect that Coronavirus may be having on events cancellation, travel and personal accident insurances. However, businesses should now consult with their professional advisers and insurance managers over the extent of the wider insurance programme that they might have in place to cover other financial losses caused or contributed … Continue Reading
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