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Locke Lord and Troutman Pepper will become Troutman Pepper Locke on January 1, 2025.
Britain’s The Sun reports that Robertson Taylor – music industry broker for Lloyd’s of London – is reportedly handling a claim of approximately $18 million for the now infamous back injury incurred by U2’s front man Bono during U.S. tour rehearsals. Bono required emergency surgery, and U2 had to subsequently postpone their U.S. summer tour and cancel their headlining appearance at the Glastonbury Festival.
Read MoreAccording to a recent Reuters article, Lloyd’s of London, the world’s largest insurance market, has said it will comply with sanctions signed into law by President Obama on July 1.
Read MoreOn 6 July 2010, Lloyd’s issued Market Bulletin Y4408 (click here to see a copy of the bulletin) clarifying the reporting requirements of managing agents who underwrite broker errors and omissions (E&O) insurance. These requirements were issued in April 2010 by Market Bulletin Y4390 (click here to see a copy of the bulletin).
Read MoreThe China Insurance Regulatory Commission (the CIRC) has granted Lloyd’s China a licence to write direct insurance. This is in addition to Lloyd’s China’s existing reinsurance licence (granted in March 2007). The announcement was made by Lord Levene, chairman of Lloyd’s, on 19 May 2010 at the UK Pavilion at the World Expo in Shanghai.
Read MoreAccording to a recent report from Reuters, London’s marine insurance market has added Iran to a list of areas deemed high risk. The Lloyd’s Market Association (LMA) announced the move on Monday, March 22, 2010, ahead of possible sanctions being pushed by the U.S., among other countries.
Read MoreOn 9 September 2009 Lloyd’s issued Market Bulletin Y4311 (click here to see a copy of the bulletin), informing the market that Lloyd’s has published a Service Companies Code of Practice. Codes of practice are issued by Lloyd’s under provisions in the Underwriting Byelaw and offer more detailed guidance to market participants on the standards Lloyd’s requires them to meet.
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