The announcement was made via email in which a Lloyd’s spokesperson stated it had detected “unusual activity on its network.”
It was also confirmed that the insurer had “informed market participants and relevant parties” and planned to provide more information once its investigations had concluded.
According to The Record, all external connectivity was turned off, including Lloyd’s delegated authority platforms. This systems reset was described as a precautionary measure after “unusual” network activity had been detected.
Lloyd’s of London has now concluded this investigation, claiming in a recent update that since the “unusual activity” on its network last week, “no evidence of any compromise was found.” Consequently, Lloyd’s has been advised that its network services can now be restored.
The insurer has confirmed that it will “ continue to work with our partners to monitor the IT environment as we restore services to the market, which we currently anticipate to complete by Wednesday, October 12.”
No explanation or further details were provided as to what could have caused the unusual network activity.
