Tiernan gives go-ahead to Lloyd’s fossil-fuel coverage
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Tiernan gives go-ahead to Lloyd’s fossil-fuel coverage

The CEO said Lloyd’s would defer to governments’ choice of energy mix.

By Abbie Day
September 04, 2025
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Patrick Tiernan

Patrick Tiernan, Lloyd’s chief executive, is set to allow the insurance cover for fossil fuels.

According to the Financial Times, Tiernan has given the green light for the coverage of coal and other fossil fuels, overturning his predecessor’s John Neal’s...

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News Lloyd's Energy UK and Europe Operations/tech
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