Reinsurance News
Lloyd’s of London news
Lloyd’s of London insurance and reinsurance market news, covering the happenings at the world’s oldest reinsurance market housed in the iconic Lloyd’s building in the City of London.
Agile Syndicate 2427 gets permission to underwrite from Lloyd’s
1st May 2024
Agile Underwriting Services has received ‘Permission to Underwrite’ from Lloyd’s for its Agile Underwriting Services Syndicate 2427 (AUS 2427), the final regulatory approval required to commence its underwriting business. The new syndicate will reportedly commence underwriting in May, supporting Agile’s broker and MGA partners through traditional underwriting and with its digital ... Read the full article
Africa Specialty Risks launches Syndicate 2454, first at Lloyd’s with an Africa focus
29th April 2024
Africa Specialty Risks (ASR), the pan-African-focused reinsurance group, has announced the launch of ASR Syndicate 2454 at Lloyd’s, which will be the first in that market to have an African focus on the business it underwrites. ASR Syndicate 2454 will underwriting business across Africa and will have a planned gross premium ... Read the full article
Maksure Risk Solutions becomes a Lloyd’s registered broker
23rd April 2024
The specialist Lloyd’s insurance and reinsurance marketplace has granted Maksure Risk Solutions, an Afro-Global independent specialist re/insurance broker, Broker Status. As a Lloyd’s broker, Maksure now has direct access to a unique pool of underwriting expertise and capacity in the Lloyd's global marketplace. Commenting on the approval, Simba Makwembere; Managing Director at ... 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
MGA Rokstone acquires box at Lloyd’s
15th April 2024
Speciality re/insurance MGA Rokstone, which is part of the Aventum Group, has acquired a box at Lloyd’s in a three-year deal. Rokstone has reportedly taken box 335, located on gallery 3, and will be trading live from the 15th of April 2024, operated by underwriting teams across its property, marine, aviation, ... 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
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 an opportunity for us to show the value of insurance: Lloyd’s CEO
28th March 2024
John Neal, Chief Executive Officer (CEO) of the specialist Lloyd's insurance and reinsurance marketplace, said this afternoon that the Baltimore bridge event provides an opportunity for the industry to show the value of insurance. "I've been saying in different conversations this morning that actually the good news there is we are ... Read the full article
Lloyd’s reports underwriting income of £5.9bn for FY’23, strongest CoR since 2007
28th March 2024
Lloyd’s, the world’s oldest marketplace for insurance and reinsurance, has today reported a strong set of results for 2023 which includes a 127% year-on-year rise in underwriting income to £5.9 billion, which contributed to a 7.9 percentage point improvement in the combined ratio to 84%. The considerable strengthening of the combined ... Read the full article
WCL to support Velonetic with mappings service for Blueprint Two addoption
25th March 2024
Web Connectivity Limited (WCL), a wholly owned subsidiary of insurtech provider Zywave, has agreed to supply its ACORD4ALL mappings to Velonetic, a joint venture between Lloyd's, tech firm DXC and the International Underwriters' Association. This will be a key element that will support a critical component of the Blueprint Two programme ... Read the full article
Agile Underwriting receives ‘in-principle’ approval to establish Syndicate 2427 at Lloyd’s
21st March 2024
Agile Underwriting Services has received ‘in-principle’ approval from the Lloyd’s insurance and reinsurance marketplace to create Agile Syndicate 2427 (AUS 2427), and anticipates writing £34.1 million of gross written premium (GWP) for the 2024 year of account. Syndicate 2427 will be established under the ‘syndicate-in-a-box' framework and be managed by Asta ... Read the full article
Lloyd’s teams with UNCDF to run parametric insurance training in climate vulnerable countries
19th March 2024
Lloyd’s, the world’s oldest insurance and reinsurance marketplace, and the United Nations Capital Development Fund (UNCDF) are set to run parametric insurance training in climate vulnerable countries. According to the announcement, Lloyd's has progressed a partnership with the UNCDF and the Sustainable Markets Initiative’s Insurance Task Force with the delivery of ... Read the full article
Lloyd’s and BMA spark initiative to drive innovation and education access
14th March 2024
The Lloyd’s insurance and reinsurance market and the Bermuda Monetary Authority (BMA) have committed to developing an initiative that will reportedly drive closer collaboration and alignment on sharing risk expertise between the two major (re)insurance hubs. Lloyd's stated that the focus of this initiative will be on fostering innovation through the ... Read the full article
One good year not sufficient to earn back trust of capital: Lloyd’s CFO
14th March 2024
Lloyd’s CFO Burkhard Keese has noted that despite stellar underwriting conditions in 2023, very little fresh capital flowed into the insurance market, with many promising capital-raising initiatives having to be abandoned, highlighting the need for the industry to focus more on investor needs. Keese's comments stem from Lloyd’s Q1 2024 Market ... Read the full article
Nord Stream sues UK insurers over gas pipeline explosions
13th March 2024
Nord Stream is reportedly in pursuit of more than €400 million from UK insurance companies, including Lloyd's of London, for refusing to cover the 2022 explosions that ruptured pipelines designed to transport Russian gas to Germany. The Switzerland-based firm has named Lloyd's Insurance Company and Arch Insurance as defendants in its ... Read the full article