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Beazley ‘delighted’ to sponsor first 144A cat bond via the Lloyd’s London Bridge platform
8th January 2024
The world's oldest insurance and reinsurance marketplace, Lloyd's, has confirmed the issuance of the first 144A catastrophe bond transaction via London Bridge 2 PCC Limited, the Beazley sponsored $100 million transaction. The deal, which is listed in the Artemis Deal Directory, is the first 144A property catastrophe bond sponsored ... Read the full article
Misui Bussan Pana Harrison appoints Aon’s Yi Head of Treaty Reinsurance
8th January 2024
Misui Bussan Pana Harrison, the Singapore based re/insurance broker that is 51% owned by the Mitsui & Co of Japan, has appointed Inyeong Yi as Head of Treaty Reinsurance and Strategic Growth. He joined the company in December, after more than 11 years of service at broking group Aon. In his most ... Read the full article
Stonybrook appoints Bailey as CEO of International & Group Managing Director
3rd January 2024
Investment banking specialist, Stonybrook Capital & Risk Management (Stonybrook), has hired Darren Bailey as CEO of International and Group Managing Director, where he will be based in London. The role will see him lead efforts to grow Stonybrook's platform internationally, as well as support US domestic business. Overall, Bailey brings over two ... Read the full article
Rokstone names Amrose head of its new NA Excess Facultative Property team
27th December 2023
Rokstone, the Aventum Group’s international re/insurance MGA, has appointed Paul Amrose as head of its new North American Excess Facultative Property team, based in Connecticut. Amrose is set to join Rokstone on the 2nd of January after serving his notice with Accredited USA, where he was most recently Chief Underwriting Officer. Rokstone ... Read the full article
NormanMax gets ‘in principle’ Lloyd’s approval to launch parametric syndicate
21st December 2023
US-based parametric re/insurance group NormanMax Insurance Holdings has received ‘approval in principle’ from Lloyd’s to launch parametric Syndicate 3939 in 2024, to be managed by Apollo Syndicate Management. NormanMax noted that Syndicate 3939 aims to commence underwriting in April 2024, "focussing on natural catastrophe parametric re/insurance products that offer a unique ... Read the full article
Lloyd’s to remain at iconic headquarters until 2035 with plans for renovations
18th December 2023
Lloyd’s, the global insurance and reinsurance marketplace, has confirmed its continued presence at the historic One Lime Street headquarters until at least 2035. The lease extension includes an option to prolong the iconic location until 2040, the company noted. The agreement solidifies a partnership with Chinese Insurer Ping An, who have owned ... Read the full article
Lloyd’s expands investment horizon with launch of US Direct Lending Fund
15th December 2023
Lloyd’s, the global insurance and reinsurance marketplace, has expanded its investment opportunities with the launch of the US Direct Lending Fund on the Lloyd’s Investment Platform. This new fund provides efficient access to US middle-market direct lending opportunities through a custom-tailored fund structure designed to meet the specific investment needs of ... Read the full article
Helios Underwriting ups capacity for 2024 to £501m
15th December 2023
Helios Underwriting PLC, the Lloyd's investment vehicle, has upped its capacity for 2024 to £501 million, as the company takes advantage of new syndicate opportunities. This 2024 capacity represents a 61% increase from 2023, where total capacity stood at £310 million. According to the firm, the growth has been achieved through a ... Read the full article
McKenzie Intelligence extends provision of geospatial intelligence for Lloyd’s market
15th December 2023
McKenzie Intelligence Services (MIS) and London Market Operations & Strategic Sourcing (LIMOSS), with support from the Lloyd’s Market Association (LMA), have agreed to extend the provision of geospatial intelligence for Lloyd’s market for 2024. MIS is a geospatial intelligence provider for the global insurance industry that has equipped the Lloyd’s market ... Read the full article
S&P upgrades Lloyd’s financial strength rating to AA–
13th December 2023
London headquartered insurance and reinsurance marketplace Lloyd’s has announced that S&P has revised its financial strength rating to ‘AA–’; outlook stable, from ‘A+’; outlook stable. According to Lloyd's, the rating upgrade reflects the improvement in its balance sheet strength, which S&P has assessed to be ‘excellent’. The rating agency noted that another ... Read the full article
HPG Members to provide Funds At Lloyd’s to support underwriting capacity
11th December 2023
High Premium Group (HPG) members have clubbed together to provide Funds At Lloyd's (FAL) to support approximately £5 million of underwriting capacity in three Lloyd's Syndicates. The group, led by Dhruv Patel OBE, Deputy Chair of HPG and a Director of the Association of Lloyd’s Members (ALM), used their collective expertise ... Read the full article
Jonathan May to succeed Amélie Breitburd as Lloyd’s Europe CEO
7th December 2023
Jonathan May, currently Chief Financial Officer (CFO) and Chief Operations Officer (COO) for Lloyd’s Europe, will take over from Amélie Breitburd as the new Chief Executive Officer (CEO) of the European subsidiary on January 1st, 2024. Breitburd is set to leave Lloyd's Europe (Lloyd’s Insurance Company (LIC), operating from Brussels) on ... Read the full article
Trium Cyber names Bruno Lead Underwriter, Midwest
6th December 2023
Trium Cyber, the Lloyds of London cyber insurance specialist, has announced the appointment of Chris Bruno as Lead Underwriter for its Midwest territory. Josh Ladeau, Trium Cyber’s CEO, said: “Chris is a rock-solid underwriter with expertise honed over a decade of dedicated cyber focus; with the unique perspective of both broker ... Read the full article
Amwins, Costero and Consilium among first brokers to adopt new market reform contract MRC v3
6th December 2023
Amwins, Aon, BMS Group, Gallagher, Howden, Consilium and Costero have started using the new market reform contract (MRC v3) marking the first step to the full adoption of Blueprint Two. The two-year program builds on the foundations laid by Blueprint One in September 2019 and focuses on shifting the market ... Read the full article
Argenta and Helios partner to provide investors unique access to Lloyd’s market
5th December 2023
FCA-regulated adviser to Lloyd’s investors, Argenta Private Capital Limited (APCL), has partnered with Helios Underwriting to provide investors with a "unique way to access the Lloyd’s of London market." APCL explained that this exclusive arrangement with Helios will enable its clients to participate in a portfolio of syndicates, curated by Helios’ ... Read the full article