3rd February 2021
Antares, the Lloyd’s specialist re/insurance subsidiary of QIC Global, has placed Syndicate 1274’s Lloyd’s China operation into run-off.
Antares will cease accepting new/renewal business through the Lloyd’s China platform from March 1.
Moving forward, Chinese business will be written out of Antares Singapore.
Existing policies will continue to provide cover on existing terms ...
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29th January 2021
Speciality Lloyd’s (re)insurer MS Amlin Underwriting has announced the appointment of Vishal Desai as Chief Risk Officer and Catherine Scullion as Chief Actuary.
Desai reports to the company's Chief Executive Officer Johan Slabbert and brings over 18 years’ of general insurance industry experience.
He joins in May from the Bank of England ...
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22nd January 2021
The specialist Lloyd's of London insurance and reinsurance marketplace has appointed Aviva's Patrick Tiernan to the newly created role of Chief of Markets, which will see him take oversight of market performance and distribution.
Tiernan joins the market from Aviva where he currently serves as Managing Director, UK Commercial Lines & ...
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18th January 2021
Specialist re/insurance broker THB has placed the first risk with the newly launched Global Health Risk Facility (GHRF).
A public-private collaboration developed by insurtech Parsyl, GHRF is designed to help protect and support the global distribution of critical health commodities, including existing and newly-emerging vaccines.
THB was approached to put in place ...
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14th January 2021
As the specialist Lloyd's of London insurance and reinsurance marketplace continues to evolve and enable additional modern ways of insurance financing, interest in the market sponsored London Bridge Risk PCC is expected to be robust, according to Burkhard Keese, Chief Financial Officer (CFO) at Lloyd's.
Earlier today, Lloyd's announced that ...
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14th January 2021
In a move which provides investors with easier access to the specialist Lloyd's of London insurance and reinsurance marketplace, regulators in the UK have approved the creation of a new multi Insurance Special Purpose Vehicle (mISPV).
As part of the Future at Lloyd's strategy, the receipt of regulatory approval from both ...
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8th January 2021
Aston Lark, a chartered insurance broker backed by Goldman Sachs, has announced the acquisition of Lloyd’s broker CRS Yachts.
CRS Yachts is based in London and offers a bespoke service focussed solely on serving superyacht owners.
The company will maintain its existing brand but will play an active and significant role in ...
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7th January 2021
Specialty MGA and Lloyd’s broker Optio has established a European office in Malta after receiving the necessary regulatory approvals.
Optio Europe has been launched to serve as the growth engine for the company’s underwriting and broking portfolios across the region.
Optio Europe’s Malta-based team comprises Martin Rimmer as director and general manager ...
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5th January 2021
Insurance and reinsurance marketplace Lloyd’s of London has announced that its underwriting room will be closed once again following the introduction of new lockdown measures in the UK this week.
The UK Government re-introduced lockdown restrictions yesterday in a bid to control the more infectious COVID-19 variant that has spread in ...
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23rd December 2020
Lloyd’s of London has announced changes to the Claims Scheme as part of its response to challenging market operations caused by COVID-19.
Lloyd’s, the oldest insurance market in the world, announced the review in April.
The changes, which are effective immediately, amend the Claims Scheme requirements with an aim of empowering ...
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22nd December 2020
Following the introduction of tier 4 COVID restrictions in London this week, insurance and reinsurance marketplace Lloyd’s of London has decided to limit access to its underwriting room to just one day per week.
The room will remain open for all classes of business on Wednesdays in order to continue providing ...
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17th December 2020
Lloyd’s re/insurer MS Amlin Underwriting has appointed Margot Cronin to its board, effective from January 1.
Cronin will join as a notified independent non-executive director and brings over 30 years’ experience to the role.
She spent the last 18 years of her executive career with Aviva in several senior, group and regional ...
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17th December 2020
Specialty Lloyd’s broker MNK Re has added Adam Bragg and Andrea Zarate to its international property team.
Bragg will serve as managing director of its international facultative property division and joins from Gallagher Specialty, where he was the head of their Latin American property team.
Zarate joins from Lucy A. Raymond and will ...
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17th December 2020
Lloyd’s has detailed a number of Environmental, Social and Governance commitments it says will help integrate sustainability and inclusivity into the speciality re/insurancemarketplace’s business activities.
Lloyd’s will create a cultural toolkit and set of regularly measured targets, including a phase one target of 35% female representation in leadership positions across the ...
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