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 narrows scope of Blueprint One goals for 2020

14th February 2020

Insurance and reinsurance marketplace Lloyd’s of London has narrowed the focus of its Blueprint One goals to prioritise just three key targets in 2020. In a statement ahead of the first detailed update to the Future at Lloyd’s strategy, Lloyd’s said that its priorities would include the development of PPL, the ... Read the full article

Lloyd’s confirms inaugural members of Culture Advisory Group

11th February 2020

The specialist Lloyd's of London insurance and reinsurance marketplace has today confirmed the membership of its Culture Advisory Group, established as part of the market's comprehensive action plan to drive long-term culture change across the organisation. The new, independent Culture Advisory Group will provide expert advice and robust challenge to ensure ... Read the full article

Former Virgin Money CEO joins Lloyd’s new culture group, reports Sky News

10th February 2020

The specialist Lloyd's of London insurance and reinsurance marketplace is reportedly set to announce the appointment of prominent figures as the inaugural members of its Culture Advisory Group, Sky News has reported. According to Sky News, the world's oldest insurance marketplace is set to announce the first members of its new ... Read the full article

Lloyd’s anticipating a more liberal Indian market, says Chairman

10th February 2020

Bruce Carnegie-Brown, Chairman of insurance and reinsurance marketplace Lloyd’s of London, has said that he believes the market in India is “on path to liberalisation,” according to reports from The Economic Times. In an interview with the publication, Carnegie-Brown suggested that Lloyd’s was still uncomfortable with the order of preference rules ... Read the full article

LMA sets Future at Lloyd’s & Brexit as key objectives for 2020

10th February 2020

The Lloyd’s Market Association (LMA) has revealed its objectives for 2020, which include a focus on the Future at Lloyd’s reforms and Brexit planning. Engaging with Lloyd’s on the delivery of its new strategy is the primary objective for the LMA this year, and is expected to underpin the Association’s priorities ... Read the full article

PPL chair calls for talent to build next generation of e-placement

6th February 2020

The chair of Placing Platform Limited (PPL), the digital risk transfer platform deployed across the London market, has called on new talent to help build the next generation of e-placement. Bronek Masojada was speaking at a meeting of over 100 Chief Executive Officers across the London market which sought to examine ... Read the full article

Lloyd’s details phased implementation of silent cyber mandate

30th January 2020

Lloyd's of London has revealed updated arrangements for the phased implementation of classes of business that require underwriters to ensure that all policies either affirm or exclude cyber cover. The Lloyd's insurance and reinsurance marketplace announced last year that is to mandate that all policies clearly state whether they will provide ... Read the full article

Lloyd’s mandates electronic placement for 80% of risks bound

29th January 2020

The Lloyd's of London insurance and reinsurance marketplace has announced an update to the Electronic Placement Mandate, increasing the target on risks bound for each quarter of 2020 to 80%. The specialist Lloyd's re/insurance marketplace introduced a mandate for electronic placement for syndicates in 2018. Initially, and from Q2 2018, Read the full article

LIIBA agenda spotlights Lloyd’s reforms & Brexit planning

27th January 2020

The London and International Insurance Brokers’ Association (LIIBA) has announced the publication of its agenda for 2020, which emphasises further participation in the Future at Lloyd’s program and efforts to support Brexit planning. Specific initiatives for the year include working with HM Treasury to explore options for a regulatory approach more ... Read the full article

Angela Crawford-Ingle joins Lloyd’s Board as Chair of Audit Committee

23rd January 2020

The specialist Lloyd's of London insurance and reinsurance marketplace has announced that Angela Crawford-Ingle has been appointed to its Board, succeeding Richard Keers as Chair of the Audit Committee. Crawford-Ingle's appointment is effective immediately, and sees her also become Lloyd's Whistleblowers' Champion, a role which sees her take oversight of both ... Read the full article

LMG appoints Liberty Specialty CEO Matthew Moore as chair

22nd January 2020

The London Market Group has announced the appointment of Matthew Moore, Chief Executive Officer of Liberty Specialty Markets, as its new chair. Effective May 1, Moore will succeed Beazley Chief Executive Officer Andrew Horton after two years in the role. “The past few years have seen real shifts in both the external ... Read the full article

Former Zurich exec Jane Hayes joins LMA as underwriting director

22nd January 2020

The Lloyd’s Market Association has appointed Jane Hayes as underwriting director, effective February 3. Hayes joins from Zurich having most recently served as Chief Underwriting Officer, Europe, Middle East and Africa. She is expected to play a key role in working with the Corporation of Lloyd’s, LMA’s members and the market in ... Read the full article

Lloyd’s Chairman wants more access to Indian market

22nd January 2020

Bruce Carnegie-Brown, Chairman at insurance and reinsurance marketplace Lloyd’s of London, has said that he wants more syndicates to be able to access the Indian market, according to reports from CNBC. The Lloyd’s Chairman criticised the Indian government for its delay in opening up the country’s re/insurance sector to overseas companies, ... Read the full article

Argenta adds Vibe underwriter team to Syndicate 2121

17th January 2020

Argenta Lloyd’s Syndicate 2121 has appointed a team of underwriters to help develop a book of casualty business. Argenta Holdings Limited, a wholly owned subsidiary of Hannover Re, is an underwriting and insurance services group operating in the Lloyd’s Market. Bradley Knight will lead the 15-member team and is supported by class ... Read the full article

DARAG concludes reinsurance arrangement with Lloyd’s Syndicate

15th January 2020

Legacy acquirer, DARAG Group Limited has today announced the completion of a transaction with a leading Lloyd's of London syndicate, to provide reinsurance for a book of U.S. liability business. Under the terms of the agreement, DARAG'S Malta-based risk carrier, DARAG Malta Insurance and Reinsurance PCC Ltd., will provided the reinsurance. Tom ... Read the full article

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