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Lloyds’ broker Servca drives EU expansion with opening of Malta office
16th June 2022
Independent international Lloyds of London broker, that specialises in non-standard medical, financial and professional lines insurance – Servca, has announced the opening of an office in Malta to help drive the expansion of its European business. By having passporting rights to all 28 countries within the EU, complete with Lloyd’s Brussels ... Read the full article
National Lloyds rebrands after ReAlign acquisition
8th January 2021
National Lloyds Insurance Company has announced that it has rebranded as National Summit Insurance Company following its acquisition by ReAlign Insurance Holdings, Inc. back in July 2020. The rebranding also follows the conversion of National Lloyds from a Texas Lloyds Plan company into a capital stock insurance company. The company, now ... Read the full article
Lloyds Bank & Previsico partner on flood resilience
10th November 2020
Live flood forecasting insurtech firm Previsico has announced that it will join the Launch Innovation Lab, powered by Lloyds Banking Group, to develop solutions for flood resilience. Together, Previsico and Lloyds will work to develop a solution for Lloyds home insurance customers, against a backdrop of increasingly severe and frequent flood ... Read the full article
UK insurance industry proves its resilience throughout COVID-19: Lloyds Bank
29th September 2020
The UK insurance industry has proved its resilience throughout the COVID-19 pandemic as well as the uncertainty of Brexit, Lloyds Bank has said. The fifth annual Financial Institutions Sentiment Survey released by Lloyds Bank gathers views from major banks, asset and wealth management firms, insurers and intermediaries. As COVID-19 is expected to ... Read the full article
ReAlign acquires National Lloyds, American Summit Insurance Companies
9th July 2020
ReAlign Insurance Holdings, a new insurance holding company formed by ReAlign Capital Strategies, has completed its acquisition of National Lloyds Insurance Company (NLIC) and American Summit Insurance Company (ASIC) from Align NL Holdings. Both are Texas-domiciled admitted insurance firms that write specialty personal property insurance including homeowners, low value dwelling, mobile and ... Read the full article
Pacific Life Re in £10bn longevity swap with Lloyds Banking Group
29th January 2020
Pacific Life Re has announced the completion of a £10 billion longevity swap with Lloyds Banking Group, which it claims is the second largest transaction ever in the UK. The transaction, which covers the longevity risk of pensioner liabilities, is structured as an insurance policy with Scottish Widows Limited acting as ... Read the full article
Lloyds is ‘accelerating’ Brexit plans over no-deal fears, says CEO Beale
8th October 2018
Lloyd’s of London is ‘accelerating’ its Brexit contingency plans, which include contract transfers to its new subsidiary in Brussels, due to a growing concern that the UK will leave the European Union (EU) in 2019 in a ‘no-deal' scenario, according to its Chief Executive Officer (CEO) Inga Beale. Speaking in an ... Read the full article
Lloyd’s announces new and improved London Bridge PCC vehicle
3rd August 2022
The specialist Lloyd's insurance and reinsurance marketplace has received approval to establish a second protected cell company (PCC), building on the success of its London Bridge Risk PCC vehicle. The second London Bridge PCC has received regulatory approval from both the Prudential Regulatory Authority (PRA) and the Financial Conduct Authority (FCA) ... Read the full article
Atrium appoints Peter Laidlaw as active underwriter
2nd August 2022
Atrium has appointed Peter Laidlaw to be an active underwriter on its roster, starting at the beginning of next year. Laidlaw’s appointment comes as existing active underwriter Toby Drysdale moves to take on an advisory role as director of corporate underwriting review with responsibility for consulting the Board and providing underwriting ... Read the full article
Marco appoints Stefan Habereder as group chief actuary
1st August 2022
European P&C Run-off specialist Marco has said that Stefan Habereder is join the firm as group chief actuary at the beginning of August. Habereder is joining a firm that received RITC Syndicate 1254 permission in February to write business. Back then, Marco Capital was granted ‘in principle’ approval to launch a ... Read the full article
Impacts from Russia’s war against Ukraine keenly felt, says Lloyd’s and Aon report
28th July 2022
A new report from Lloyd’s and Aon says that the sector most affected by Russia’s invasion of Ukraine will be the energy sector. The report, Ukraine: A Conflict that Changed the World, lays out five plausible scenarios to the industries and geographies most affected by the conflict. Each scenario explores ... Read the full article
Lloyd’s market set to insure Ukrainian grain shipments
27th July 2022
The Lloyd’s of London insurance and reinsurance market is gearing up to provide coverage for shipments of grain coming out of war-torn Ukraine, Chairman Bruce Carnegie-Brown has said. Carnegie-Brown told Reuters that preparations were underway among Lloyd’s insurers and brokers after Russia and Ukraine agreed to allow the safe transport of ... Read the full article
Lloyd’s explains market engagement approach for Blueprint Two
22nd July 2022
Lloyd’s has set out how it intends to engage with the market for Blueprint Two. Published on its website, it outlined three areas under which it was tackling engagement: the formation of a single market readiness team that will work with the joint venture; the segmenting of the market its third ... Read the full article
David Roberts to stand down as Chair of Beazley
21st July 2022
Specialist insurer Beazley has announced that its chair, David Roberts, will be standing down from the board in autumn 2022. Roberts will take up the role as Chair of the Court of the Bank of England and will succeed Sir Bradley Fried, who served as Chair from June 2018 to June ... Read the full article
Largest 30 European Insurers
20th July 2022
Europe's 30 largest insurance companies This directory of the Largest 30 European Insurers is based on research data from rating agency A.M. Best. Listing the largest insurers in Europe, this directory provides a simple way to analyse the regions largest insurance companies. The European insurers featured are ranked by gross premiums written in 2020 ... Read the full article
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