Reinsurance News
Your search for “lloyds”
Lloyds’ Tom Haddrill joins WTW as Head of Broking for CEEMEA region
20th December 2022
Broking and solutions company WTW has appointed Tom Haddrill as Regional Head of Broking for Central and Eastern Europe, Middle East and Africa (CEEMEA). Haddrill starts his new role February 20, 2023 and he will be based in London. In this role he will hold responsibility for driving growth and developing strategic ... Read the full article
Aircraft lessor sues Lloyds Insurance over Russia losses
7th November 2022
Avolon, an aircraft leasing company based in Dublin, has taken legal action against Lloyds Insurance in the Irish High court over losses linked to Russia-Ukraine war, according to a Reuters report. Following European Union sanctions that forced the termination of all Russian leases, the lessor recorded a first-quarter impairment of $304 ... Read the full article
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
MGA Rokstone launches free D&O Limit of Indemnity Calculator for brokers
18th April 2024
Speciality re/insurance managing general agent (MGA) Rokstone, which is part of the Aventum Group, has launched a free Directors & Officers (D&O) Limits of Indemnity (LOI) Calculator, designed to support brokers partners. The MGAs new tool tackles the current issue of accurately assessing appropriate limits of indemnity for D&O clients. It has ... Read the full article
Exceptional Lloyd’s 2023 results demonstrate resilience of the market: ICMR, LMA
15th April 2024
Lloyd's exceptional 2023 results demonstrate the resilience of the market as we heads into uncertain times, according to a joint report from the Lloyd’s Market Association (LMA) and Insurance Capital Markets Research (ICMR). If you recall, in late March, the global insurance and reinsurance marketplace posted a solid set of ... Read the full article
Dawn Miller named CCO of Lloyd’s and CEO of Americas
11th April 2024
Dawn Miller has been appointed Chief Commercial Officer (CCO) of Lloyd’s and Chief Executive Officer (CEO) of Lloyd’s Americas. Marc Lipman has been appointed President of Lloyd's Americas taking over the role from Hank Watkins, who will be leaving Lloyd’s at the end of the year. In her expanded role as ... Read the full article
Rothesay secures £12.7bn in new business premiums in 2023
5th April 2024
In their latest trading update, Rothesay, a prominent UK pensions insurance specialist, completed de-risking transactions with twelve pension schemes during 2023, resulting in new business premiums of £12.7 billion, a substantial increase from £3.3 billion in 2022, ultimately making 2023 one of the firm's "strongest years of growth to date." The ... Read the full article
Lloyd’s hires AXA XL’s Abbassi-Antoine as new General Representative for France
3rd April 2024
Lloyd’s has appointed Malik Abbassi-Antoine as its General Representative for France and Monaco, and as its Country Manager for France, Luxembourg and Monaco, following the retirement of Guy-Antoine de La Rochefoucauld. Abbassi-Antoine has also been appointed Western Europe Regional Manager, one of 4 sub-regions of Lloyd’s Europe, which includes France, Monaco, ... Read the full article
Baltimore bridge collapse a major but manageable marine loss event: S&P
2nd April 2024
S&P Global Ratings has said that although the Francis Scott Key Bridge collapse in Baltimore could cause the largest marine insurance losses recorded since Costa Concordia in 2012, it will be a manageable earnings event for the global reinsurance sector. The ratings agency states that if the International Group of P&I ... Read the full article