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.
Lloyd’s welcomes Nephila’s Syndicate 2358
21st December 2021
Lloyd’s of London has joined investment manager Nephila Capital in announcing the launch of Syndicate 2358. Nephila's new Syndicate focuses on short to medium term business lines, with capital provided through London Bridge Risk PCC (LBR PCC). The new transaction provides reinsurance capital from a varied group of investors, ... Read the full article
Nephila to launch new ILS investor-backed Lloyd’s syndicate
21st December 2021
Nephila Capital, the world’s largest insurance-linked securities (ILS) investment manager, has announced plans for its Lloyd’s specialty syndicate 2358, as the firm looks to provide investors with greater access to the wider specialty insurance market. Set to commence trading in the new year, syndicate 2358 will focus on short to medium ... Read the full article
Helios issues new shares to fund Exalt acquisition
20th December 2021
Helios Underwriting, the Lloyd’s of London investment and underwriting vehicle, has acquired the entire issued capital of Exalt Underwriting for £409,550, in line with its strategy of increasing underwriting capacity through acquisitions. £241,792 of the £409,550 has been satisfied by the issue of 141,399 ordinary shares. Application has been made for the ... Read the full article
Argenta pegs industry hit from US tornados as high as $7bn
13th December 2021
Lloyd's managing agent Argenta says the freak tornado outbreak which devastated multiple US states over the weekend could drive industry losses as high as $7 billion. Mayfield, Kentucky Analysts believe the most suitable comparison to a past event is a derecho that hit Iowa in 2020. A derecho is essentially an ... Read the full article
Lloyd’s names General Representative for Luxembourg
13th December 2021
Lloyd’s Insurance Company S.A. (LIC), the European subsidiary of the insurance and reinsurance marketplace, has appointed Martial de Calbiac as its General Representative for Luxembourg. de Calbiac has more than four decades of experience, and currently holds the position of Retraité - Gérant at Luxembourg-based firm Fremarlux Sàrl. He also served as ... Read the full article
Argenta exits Lloyd’s China platform
8th December 2021
Argenta Syndicate Management Limited (ASML), a subsidiary of the broader group, is to cease underwriting all new and renewal business relating to the Lloyd’s China platform (LICCL). This decision is effective immediately. ASML says it will work with LICCL to continue servicing existing business, and ensure that the run-off is conducted in ... Read the full article
Mosaic invites syndicated capital partners on worldwide risk
2nd December 2021
Mosaic Insurance has launched a syndicated program with the aim of drawing in new capital from commercial partners looking to underwrite complex specialty risks across various regional markets. The initiative will see Mosaic source and select specialty risks not typically seen in London and underwrite them via its network of hubs.Read the full article
Lloyd’s DRF launches parametric cyclone product in Australia
23rd November 2021
Insurance and reinsurance marketplace Lloyd's has announced the launch of a retail parametric cyclone insurance product in Northern Australia. The new solution, called Redicova, is supported by the Lloyd’s Disaster Risk Facility (DRF), an initiative designed to help build resilience by closing protection gaps around the world. The product is led by ... Read the full article
Helios acquires 2% stake in Lloyd’s LLV as capacity quest continues
18th November 2021
Helios Underwriting, the Lloyd’s of London investment and underwriting vehicle, has acquired a 2% shareholding in a holding company of a group of Limited Liability Vehicles (LLV). The company announced in August its intention to bulk up its capacity using high quality syndicates at the historic insurance and reinsurance marketplace. As a ... Read the full article
Blenheim bolsters political risk with underwriters Plumptre & Fox
10th November 2021
Blenheim Underwriting has added Tamsin Plumptre and Ed Fox to its political risk underwriting team, as the firm looks to expand its presence in the sector. Plumptre joined on November 8 with over 17 years’ experience. She was most recently head of structured credit, political and security risks at the Canadian independent ... Read the full article
Ontario Teachers’ to invest in Lloyd’s London Bridge Risk PCC
10th November 2021
Lloyd’s has announced the participation of the Ontario Teachers’ Pension Plan Board in the London Bridge Risk Protected Cell Company (PCC), providing initial capital in excess of £100 million with an expectation for that to grow over time. Ontario Teachers’ is the administrator of Canada's largest single-profession pension plan and has ... Read the full article
Lloyd’s targets net zero Central Fund & underwriting
28th October 2021
Insurance and reinsurance marketplace Lloyd’s of London has announced plans to join the UN-convened Net Zero Insurance Alliance (NZIA), as part of a commitment to transition all of its operational and attributable greenhouse gas emissions to net-zero by 2050, at the latest. The move builds on Lloyd’s existing commitment to reduce ... Read the full article
Marco gets nod to provide RITC/legacy solutions to Lloyd’s syndicates
15th October 2021
European P&C run-off group Marco Capital has been granted ‘in principle’ approval to launch a Reinsurance To Close (RITC)/run-off syndicate. Formal approval of the syndicate is subject to completion of a review phase by the Lloyd’s Council. The Council’s approval would allow Marco to participate in and quote on RITC and other ... Read the full article
Chaucer adds to Belt & Road Consortium at Lloyd’s
12th October 2021
Specialty re/insurance group Chaucer has announced the addition of political risks and contract frustration to its Belt and Road Consortium at Lloyd’s solution. The consortium, which was launched in June 2021, provides large-scale capacity of up to $300 million to companies working on China’s Belt and Road Initiative. It combines Chaucer’s ... Read the full article
Apollo gets $90m investment from Alchemy, to build on hybrid Lloyd’s model
11th October 2021
Apollo Group Holdings Limited, the Lloyd's specialist insurance and reinsurance group that includes Apollo Syndicate Management Ltd, has announced a $90 million investment from British private equity firm Alchemy Partners. Apollo is the largest independent, management owned business in the Lloyd’s market, including its flagship Apollo Syndicate 1969 and the $90 ... Read the full article