Reinsurance 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.
27th January 2017
Lancashire Holdings, the Bermuda and London specialty insurance and reinsurance company has, announced the appointment of Andrew McKee (previously CEO of MS Amlin at Lloyd's) as the new CEO of its Cathedral Underwriting business at Lloyd's of London. With effect from 26th June 2017, and subject to regulatory approvals and Lloyd's ... Read the full article
26th January 2017
Lloyd’s Chairman John Nelson welcomed the agreement reached by the European Union and the United States on insurance and reinsurance, saying he believed it would greatly benefit the global re/insurance industry. The deal is expected to make the market easier for EU and U.S. industry players to navigate by removing ... Read the full article
19th January 2017
The specialist Lloyd's of London insurance and reinsurance marketplace has received final approval from the Insurance Regulatory Development Authority of India (IRDAI) to establish a regional branch, and the market has said that it will open its new, Indian office in time for the April 2017 reinsurance renewals. After receiving R3 approval ... Read the full article
18th January 2017
As expected, the London insurance and reinsurance marketplace saw rates fall further at the key January 1st 2017 renewals, but cedents were able to take advantage of current soft reinsurance market conditions, resulting in increased reinsurance demand, says RBC Capital Markets. A number of insurance and reinsurance industry observers and analysts ... Read the full article
18th January 2017
The specialist Lloyd's of London insurance and reinsurance marketplace is set to make an announcement on its new European subsidiary during the first-quarter of this year in response to the UK's vote to leave the EU, according to Lloyd's Chairman, John Nelson. Industry reports earlier this week claimed that the Read the full article
16th January 2017
Lloyd’s of London is seriously considering setting up a subsidiary in Dublin to safeguard its access to European markets, the Irish Times revealed today. The insurer will present a proposal to its members to establish a branch in an EU country next month, and Dublin remains one of the key shortlisted ... Read the full article
16th January 2017
The RBC Capital Markets analysts concluded after their sixth annual London Market trip meeting that despite pricing declines beginning to slow, 2017 would be too soon to see a turn in the market. Insurers still turned a profit in 2016, but results have begun to deteriorate, RBC reported. Overall prices fell by around ... Read the full article
12th January 2017
After speaking with the Lloyd's of London marketplace during its Lloyd's Insurers Tour in early January, analysts at Peel Hunt have said that the market is relying on reserve releases for profits, and it might not take much more in the way of rate declines before the market ventures into ... Read the full article
9th January 2017
Lloyd’s of London chairman John Nelson told China Daily that China is the most important market for its long-term growth. With dark clouds brewing on the insurance and reinsurance market horizon, in what Nelson describes as a ‘perfect storm’; low interest rates and excessive capital driving down investment returns and premiums ... Read the full article
6th January 2017
Lloyd's revealed today that Richard Pryce, CEO for QBE European Operations, has been appointed as a non-executive director of the Franchise Board, by the Council of Lloyd's. Pryce will serve on the Franchise Board - which is responsible for the day-to-day running of the Lloyd’s market - as a market-connected director ... Read the full article
