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.
AM Best highlights importance of underwriting cycle management for Lloyd’s amid softening market conditions
5th September 2025
AM Best, the credit rating agency, reports that Lloyd’s reinsurance business has seen substantial growth in recent years, with a five-year compound average growth rate of 9 percent. Specialty reinsurance has been the fastest-growing segment, recording a five-year compound average growth rate of 11 percent. In 2024, Lloyd’s reinsurance premiums rose by ... Read the full article
Apollo receives Lloyd’s approval to establish ReShare Syndicate 1972
5th September 2025
Apollo, the technology-driven insurance platform, has received “in principle” approval from Lloyd’s Council to establish Apollo ReShare Syndicate 1972, which is expected to commence underwriting on 1st January 2026. The new syndicate will provide follow-only capacity on the outwards reinsurance programmes for Apollo-managed syndicates. It will be led by Paul Sandi, Head ... Read the full article
OAK Global launches retro syndicate at Lloyd’s
4th September 2025
Global reinsurance provider OAK Re has rebranded its group identity to OAK Global, and launched a strategic business unit, OAK Enterprise, to underwrite retrocession business with an appetite for property and specialty classes, which will also provide risk solutions to clients through Lloyd’s Syndicate 1440. The rebrand reflects the group's broader ... Read the full article
Lloyd’s posts 6% rise in GWP and profit of £4.2bn for H1’25
4th September 2025
Lloyd's, the specialist insurance and reinsurance marketplace, generated gross written premium (GWP) of £32.5 billion in the first half of 2025, while the underwriting result contracted to £1.5 billion as the Los Angeles, California wildfires pushed the combined ratio to 92.5%. Top-line growth of 6% year-on-year was driven by volume growth ... Read the full article
Relative benchmarking and predictive AI can reveal true outperformers in Lloyd’s market, says ICMR
1st September 2025
Insurance Capital Markets Research (ICMR), an independent analytics and research firm founded by former leaders of Lloyd’s internal research and performance team, has released new findings showing how relative benchmarking, enhanced by predictive AI, can transform the way underwriting performance is assessed in the Lloyd’s market. Working with syndicates, managing agents ... Read the full article
Agile marks strong first year of Syndicate 2427
21st July 2025
Agile Underwriting Services celebrates a successful one year of Syndicate 2427, launched under Lloyd’s ‘syndicate-in-a-box’ framework, with strong performance and momentum. Since commencing underwriting in May 2024, Syndicate 2427 has demonstrated strong underwriting performance, expanded its product lines, and significantly increased broker engagement across the globe through new service companies. Agile is ... Read the full article
Atradius Syndicate 1864 secures approval from Lloyd’s
21st July 2025
New Atradius Syndicate 1864 is to start underwriting on January 1st, 2026, following Lloyd’s ‘in principle’ approval. The syndicate will focus on trade credit risks, initially targeting new and existing European clients in the financial industry sector. The syndicate will enhance the operations of Atradius, a global insurer that offers trade ... Read the full article
Roamly gets approved as Lloyd’s of London Coverholder
10th July 2025
Roamly, a digital insurance technology and solutions provider, has been appointed as a Lloyd’s Coverholder. With this approval, Roamly will be able to underwrite and insure customers directly on Lloyd’s balance sheet, along with being backed by the unmatched financial strength and global reputation of Lloyd’s of London. This reflects the highest ... Read the full article
LMA announces launch of Treasury & Investments Group
9th July 2025
The Lloyd’s Market Association (LMA) has announced the formation of its new Treasury & Investments Group (TIG), a strategic initiative that aims to drive innovation and collaboration across the Lloyd’s market. The TIG will be accountable to the LMA Board, reporting directly to the LMA Finance Committee. Comprising representatives from 17 managing ... Read the full article
Faster approvals ahead for Lloyd’s managing agents under new regulatory agreement
7th July 2025
The regulatory approval process for Lloyd’s managing agents is being streamlined to reduce authorisation times, following an agreement between the Prudential Regulation Authority (PRA), the Financial Conduct Authority (FCA), and the Society of Lloyd’s. Under the changes, the PRA and FCA will reportedly retain their statutory decision-making roles but will make ... Read the full article
Lloyd’s commends removal of Section 899 from US reconciliation bill
30th June 2025
Lloyd’s Chair, Sir Charles Roxburgh, has issued a statement commending the removal of Section 899 from the reconciliation bill by the United States Treasury and Congress, noting that the decision "greatly supports" not only Lloyd’s business in the US but all British companies with interests in the US. Section 899 of ... Read the full article
COPE gets approved as a Lloyd’s Coverholder
23rd June 2025
Cyprus-based reinsurance and travel services firm COPE has been approved as a Lloyd’s Coverholder, a significant step in its global expansion. Established in 2023, COPE described the accreditation as “an exciting new chapter” in its growth journey, granting it access to Lloyd’s renowned international platform and network of trusted experts. Operating across ... Read the full article
Lloyd’s and L&G back Togo’s sustainable development with €200m loan
4th June 2025
The Lloyd’s of London insurance market, represented by MS Amlin, Mosiac Insurance, and the Texel Group, has partnered with Legal & General in a recent transaction to bolster sustainable development in the Republic of Togo. This collaboration facilitates Togo’s inaugural sustainable loan from international investors, a €200m through a 20-year facility ... Read the full article
Lloyd’s CEO looks to leverage historic brand in era of global uncertainty
2nd June 2025
As Patrick Tiernan steps into his role as CEO of the specialist Lloyd’s insurance and reinsurance marketplace, he has emphasised that the organisation’s primary focus should be on activities that drive sustainable profitability and maintain underwriting discipline throughout the economic cycle. In a new statement, Tiernan observed that trust in ... Read the full article
Lloyd’s unveils new executive team as Tiernan begins role as CEO
2nd June 2025
Lloyd's, the world's oldest insurance and reinsurance marketplace, has announced a number of changes to its Executive Team, effective immediately. This update follows the recent appointment of Patrick Tiernan as Lloyd’s Chief Executive Officer, to whom all the Executive Team will now report. Tiernan commented: “I am pleased to announce the ... Read the full article
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