Key Issues

Hurricanes Harvey and Irma

12 September, 2017

Hurricanes Harvey and Irma

Jon Hancock to be Lloyd's Director of Performance Management

13 September, 2016

Jon Hancock to be Lloyd’s Director of Performance Management

Lloyd’s has announced that Jon Hancock, Managing Director UK Commercial and Global Broker Relationship Director for RSA, will become the new Director, Performance Management, on 1 December 2016. This is the role formerly undertaken by Tom Bolt (who left at the end of May to rejoin Berkshire Hathaway), and currently filled on an interim basis by Theresa Froehlich.

The Future of Private Capital at Lloyd's - Clark/Harman Review

21 July, 2016

The following invitation is being sent and is intended for Members Agents, Managing Agents and interested market bodies.

 

The Future of Private Capital at Lloyd’s

A presentation by Chris Harman and Ian Clark

1 August, Lloyd’s Old Library at 11.30

 

Beware Changing to Bank Guarantees/Letters of Credit

28 September, 2015

Members should note that the Finance Act 2013 introduced a provision that may limit inheritance tax Business Property Relief (“BPR”) on Lloyd’s assets in certain circumstances.

Fraudulent e-mails

13 July, 2015

One of our members received an e-mail today (the text of which can be found below) purporting to come from an employee of the USA’s Internal Revenue Service (IRS). This was an illegal attempt to obtain information by requesting him to enter personal details onto a Form W-8BEN. Forms W-8BEN would normally only come to you from your stockbroker or from Lloyd’s, not from the IRS itself. If you receive such an e-mail, you should destroy it immediately, without opening any attachment.

ALM Wins Treasury Pledge Over Loss Cap Review

28 February, 2014

A high-level delegation from the ALM – including a former Conservative Leader of the House of Lords and the ALM’s Deputy Chairman, Sir Adam Ridley, a former Special Adviser to two Chancellors of the Exchequer – has won a useful and potentially important victory in exchanges with Whitehall.

ALM Lobbying in 2013

16 September, 2013

What happens behind the scenes at the ALM? Here Chairman Alan Lovell summarises some of the Association’s lobbying activities aimed at supporting Names’ interests.

ALM Response to Lloyd's Consultation Paper on Non-UK Tax Residents

6 September, 2013

ALM Response to Lloyd's Consultation Paper on Non-UK Tax Residents.

Proposed Cap on Loss Relief - Write to Your MP

12 March, 2013

Just in case any of you have not yet written to your MP about the proposed £50k cap, as urged in the latest ALM News, we thought you might be interested in our Chief Executive’s letter to his MP (below), which might give you some ideas.

Hurricane Sandy Estimates Increasing

8 November, 2012

The October issue of ALM News was written prior to Hurricane Sandy, with the exception of the following text in brackets which appeared on page 5: "(NB. As we go to press, Hurricane Sandy has been battering the North-East of the USA, but initial impressions are that the impact on Lloyd’s profits may not be huge, perhaps between 2% and 3% of capacity.)"

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