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.
Amwins MGA Unicorn Underwriting secures box at Lloyd’s
13th February 2024
Unicorn Underwriting, the London-based Managing General Agent (MGA) of Amwins, has announced it has secured a box at Lloyd's, demonstrating the firm's commitment to "maintaining excellent service levels" and its belief in face-to-face trading. Simon Jackson, Managing Director of Unicorn Underwriting, commented, "We're so pleased to be taking this Lloyd's box. "In ... Read the full article
Lloyd’s of London investment in Axio to support company growth and benefit the market
8th February 2024
Re/insurance marketplace Lloyd’s of London has announced investment in Axio to support further development of insurance solutions within the London insurance market. According to the announcement, the investment is a direct result from Axio’s selection into, and participation in Lloyds’s Lab Cohort 10, where it successfully piloted an extension of the ... Read the full article
Lloyd’s partners with SAP to support economic resilience of Sherbro Island
7th February 2024
Lloyd’s, the world’s oldest insurance and reinsurance marketplace, has partnered with Sherbro Alliance Partners (SAP) to support economic resilience and growth opportunities on Sherbro Island, Sierra Leone. The partnership was cemented by the signing of a Memorandum of Understanding (MOU) at the Lloyd’s iconic headquarters in London. This signals Lloyd's intention ... Read the full article
Lloyd’s launches USD Enhanced Yield Liquidity Fund on investment platform
5th February 2024
Lloyd’s, the global insurance and reinsurance marketplace, has unveiled its inaugural public asset fund, the USD Enhanced Yield Liquidity Fund, available on the Lloyd’s Investment Platform. The fund aims to present an investment alternative to long-term strategic cash reserves at Lloyd’s, focusing on higher returns, optimal liquidity, and efficient Solvency II ... Read the full article
Didier Lechien named Head of Underwriting Performance & Reinsurance, Lloyd’s Europe
5th February 2024
Lloyd’s, the world’s oldest insurance and reinsurance marketplace, has appointed Didier Lechien as Head of Underwriting Performance and Reinsurance at Lloyd's Europe, based in Brussels. "I'm happy to communicate that the scope of my responsibilities at Lloyd's Europe is extended. As of now, I'll be managing the Underwriting Performance and Reinsurance. ... Read the full article
Howden unveils carbon capture and storage insurance facility led by SCOR’s Lloyd’s syndicate
29th January 2024
Global insurance broker Howden's carbon capture and storage insurance facility aims to unlock crucial investment to support the global transition to net zero and is the second innovative solution from the firm designed to support the growth of the carbon market. This first-of-its-kind insurance facility provides cover for the sudden or ... Read the full article
Lloyd’s Market Association unveils ambitious 2024 strategic focus
24th January 2024
The Lloyd’s Market Association (LMA) has set the stage for a transformative year, announcing its 2024 Strategic Focus with a bold vision for innovation, technical expertise, regulatory engagement, talent development, and member engagement. A central highlight of the announcement is the LMA's commitment to actively promote managing agent readiness for Blueprint ... Read the full article
Lloyd’s appoints Chris Mackinnon as future Regional Director, APMEA
23rd January 2024
Lloyd's has announced that Chris Mackinnon is set to become its regional director for Asia Pacific Middle East and Africa following Ian Ferguson's retirement at the end of 2024. Mackinnon is an industry veteran with an international career that spans over three decades. Mackinnon's tenures in senior roles have given him expert ... Read the full article
Envelop Risk launches dedicated cyber reinsurance Lloyd’s vehicle with Apollo
22nd January 2024
Cyber re/insurance and analytics specialist Envelop Risk has launched Envelop SPA 1925, a dedicated cyber reinsurance Special Purpose Arrangement (SPA) at Lloyd’s, in partnership with Apollo, through its Strategic Partner Syndicates business and Apollo Syndicate 1971. The SPA officially launched on the 1st of January 2024 with Chris Baddeley taking the ... Read the full article
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
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
Duck Creek enhances Reinsurance Cloud Platform with Lloyd’s integration for global insurance carriers
19th December 2023
Duck Creek Technologies, a provider of intelligent solutions in the property and casualty (P&C) and general insurance sectors, has announced a significant enhancement to its Reinsurance Cloud Platform. The company has integrated support for Lloyd’s Outwards Reinsurance Scheme (LORS), a key component of Lloyd’s of London's requirements for its member organisations. This ... 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
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
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