The company says it has detected unusual activity and decided to ‘reset’ its network and systems as a precaution. It shut down all external connectivity, including its delegated authority platforms, in response to the incident.

“Following the unusual activity detected on Lloyd’s network, our precautionary work to secure systems has been completed overnight,” a Lloyd’s spokesperson told SecurityWeek on Thursday.

“Working with specialist partners and a dedicated team, we are currently evaluating the best options for reconnecting these systems. and we continue to investigate the issue. We continue to keep market participants and relevant parties updated,” the spokesperson added.