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Lloyd’s approves Africa Specialty Risks as coverholder
22nd February 2023
Africa Specialty Risks (ASR), a pan-African focused reinsurance group, has been approved as a coverholder at Lloyd’s, the specialist re/insurance market. This means that ASR will be able to work with Lloyd’s syndicates and manage delegated authorities for specialist lines of business commencing with Political Violence and Terorrism and leverage the ... Read the full article
Argo’s Lina Hantas joins Westfield Specialty as Senior Executive Officer, Dubai
20th February 2023
Westfield Specialty has appointed Argo’s Lina Hantas as Senior Executive Officer of its Dubai office. Hantas joins the firm after spending 11 years at Argo, where she served in a variety of leadership roles, including Chief Underwriting Officer, and Senior Executive Officer, both of which were based in Dubai. Hantas began her ... Read the full article
RiverStone Intl. secures $305m reinsurance layer to support its Funds at Lloyd’s
17th February 2023
Legacy solutions provider, RiverStone International, has secured an innovative $305 million reinsurance layer to support the underwriting of a series of new Lloyd's transactions effective January 1st, 2023. Such transactions include the recently announced reinsurance-to-close and loss portfolio transfer with MS Amlin Underwriting Limited. The new layer is underwritten by newly created ... Read the full article
J. Daniel Plants to Step Down from Argo’s Board of Directors
15th February 2023
Argo Group International Holdings, Ltd., has announced that J. Daniel Plants, a member of the Argo Board of Directors, and Chairman of its Strategic Review Committee, has notified the company of his intention to step down from the Board, effective immediately. Plants is the Founder and Chief Investment Officer of Voce ... Read the full article
Howden names Tim Hopgood new HR Director for UK & Ireland
10th February 2023
International insurance broker Howden has announced the appointment of Tim Hopgood to the newly created role of HR Director, Howden UK & Ireland. Howden suggests that the role reflects the importance the firm places on its ‘people first’ principles and on the retention and attraction of top talent to drive its ... Read the full article
Andrew Brooks named Deputy Chair of the Council of Lloyd’s
9th February 2023
Insurance and reinsurance marketplace Lloyd’s has announced the appointment of Andrew Brooks as the new Deputy Chair of the Council of Lloyd’s. Brooks was most recently Chief Executive Officer of Ascot Underwriting, a position which held for a decade and a half. During his time at Ascot, Brooks was an active member ... Read the full article
Westfield completes acquisition of Lloyd’s Syndicate 1200 from Argo Group
3rd February 2023
Westfield Specialty, a US property and casualty insurer, has announced the completion of its acquisition of Lloyd’s of London Syndicate 1200 from Argo Group International Holdings. The deal was first announced in September of last year for a disclosed purchase price of approximately $125 million. At the time, Syndicate 1200 ... Read the full article
AXA XL names Patrick Lee CFO for Canada
2nd February 2023
AXA XL has appointed Patrick Lee as Chief Financial Officer (CFO) for Canada, taking over the role from Ryan Ho. Based in Toronto, Lee will join Canada’s executive leadership team effective February 1, 2023. Prior to his new role, he served for two years as Senior Finance Manager. He started his tenure ... Read the full article
LMA sets out strategic priorities for 2023
31st January 2023
The Lloyd’s Market Association (LMA) has published its Member Manifesto, which announces its strategic priorities for 2023 and includes a focus on supporting members’ alignment with Future at Lloyd’s initiatives. Supported by DXC technology, the LMA plans to help the initiative foster a digitised marketplace, including the adoption of a unified ... Read the full article
Coalition launches Coalition Insurance Company
31st January 2023
Cyber insurance provider Coalition has announced the launch of Coalition Insurance Company (CIC), a full-stack, Active Cyber Insurance carrier. The launch of CIC is a milestone for the firm, expanding its available capacity in the cyber insurance market and facilitating its transition to a full-stack insurance organisation. Coalition notes that CIC, which ... Read the full article
Lloyd’s market on the cusp of a new golden era, says JP Morgan
27th January 2023
Analysts at JP Morgan have suggested that the Lloyd’s market is on the cusp of a "new golden era." The analysts state that the Lloyd’s space will continue as a cyclical market, though in 2023, they anticipate the delivery of far stronger returns that won't just rely on "good luck." YTD underwriting ... Read the full article
AXA UK commits to Flood Re’s Build Back Better scheme
27th January 2023
AXA UK has announced that it has signed up to Flood Re’s Build Back Better scheme. Launched in April 2022, the Build Back Better scheme is a joint initiative between the UK insurance industry and the UK Government to promote the availability and affordability of flood insurance. By singing up to ... Read the full article
RSA makes senior additions to CIO leadership team
19th January 2023
RSA Insurance has announced the additions of Sally Ng and Katie Hermans to it CIO leadership team as Specialty & Commercial Delivery Director and as Head of Technology Risk Management, respectively. Ng will be responsible for driving the technology transformation roadmap for RSA Commercial Lines, Specialty Lines and European businesses. She brings ... Read the full article
Mark Dyson takes on interim role as CEO of Lloyd’s Asia
18th January 2023
Insurance and reinsurance marketplace Lloyd’s has appointed Mark Dyson as Interim CEO of Lloyd's Asia and Country Manager Singapore, taking over from Thomas Haddrill. It was announced last month that Haddrill would depart Lloyd’s for a new role as Head of Broking for the CEEMEA region at WTW. Dyson, who currently ... Read the full article
Lloyd’s to achieve combined ratio of around 95% for 2022 & 2023: S&P
17th January 2023
Analysts at S&P Global Ratings have suggested that the Society of Lloyd's will report a combined ratio of around 95% at the year-end of 2022, anticipating the same for 2023. The rating agency noted that this prediction takes into account Lloyd's combined ratio of 91.4% at half-year 2022, while also considering ... Read the full article