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.
Banyan Risk secures Coverholder Status at Lloyd’s
2nd April 2026
Banyan Risk Services Ltd., a subsidiary of Bermuda-based specialty insurance managing general agent (MGA) Banyan Risk Ltd., has secured Coverholder Status at Lloyd's. Through this partnership, the company gains unparalleled access to the extensive capacity of the Lloyd’s market, via SiriusPoint's Syndicate 1945, which will be complemented by the domestic insurers ... Read the full article
Optio strengthens marine capabilities with Gardian Marine acquisition
31st March 2026
Optio Group, the independent specialty MGA, has reached an agreement to acquire Gardian Marine Limited for an undisclosed amount, pending regulatory approval. Gardian Marine, headquartered in London and founded by Guy Tyler and Edward Morgan, provides specialist cover across marine builders’ risks, ship repairers’ liability, voyage and towage, along with a ... Read the full article
Converge gets additional cyber insurance capacity from Lloyd’s
30th March 2026
Converge, a company specialising in cyber risk management and underwriting, has secured additional underwriting capacity from Lloyd's, the world's oldest insurance and reinsurance marketplace, for companies with annual revenues up to $5 billion. Simultaneously, existing capacity partner, Obsidian Insurance Group, has increased its capacity threshold from $1 billion to $5 billion ... Read the full article
DUAL UK introduces Credit Risk Insurance solution to sustain cross-border transactions
25th March 2026
DUAL UK, the underwriting arm of Howden Group Holdings, has launched a new Credit Risk Insurance (CRI) solution aimed at helping clients manage the challenges associated with cross-border trade and investment. As a specialist managing general agent within the insurance market, DUAL UK provides underwriting expertise across a range of products. ... Read the full article
Readhunt gains Lloyd’s of London Broker registration
25th March 2026
Readhunt, an independent insurance broker providing UK businesses with sector-specific expertise and tailored cover, has received Lloyd’s of London Broker registration. The accreditation broadens the firm’s ability to offer customised insurance solutions across multiple sectors, marking an important point in its strategic development. The registration allows Readhunt to access Lloyd’s syndicates directly, ... Read the full article
Niyam receives Lloyd’s approval for Syndicate 2047, appoints Chairman
25th March 2026
Newly launched Niyam Group has announced that it has received approval from Lloyd’s of London for Syndicate 2047 and granted permission to underwrite, alongside the appointment of Devesh Srivastava as Chairman of the Group. Established at the beginning of 2026, Niyam is focused on building a reinsurance platform that connects ... Read the full article
‘Perfect time’ for climate-tech focus, says Dickson as OAK Global unveils new unit
24th March 2026
OAK Global is targeting the increasingly interconnected risks of climate and technology with the launch of OAK Horizon, a new underwriting unit designed to channel capital into emerging exposures, as CUO Tom Dickson points to a narrowing window to address rising volatility across sectors, including food security, energy and ... Read the full article
Alacrity Solutions establishes UK presence to support Lloyd’s-placed US risks
24th March 2026
Alacrity Solutions, a US-based insurance services firm specialising in complex and catastrophe-driven claims, has launched a UK presence from within the Lloyd’s of London building to support insurers and coverholders placing US risks through the London Market. With extensive experience handling a high volume of claims across all 50 US states, ... Read the full article
Lloyd’s unveils new strategy as market adapts to Blue Print Two sunset
19th March 2026
In a statement accompanying the firm's annual report, Patrick Tiernan, CEO of Lloyd’s, described the future of the market’s infrastructure as an ecosystem of intelligent solutions, built on common data standards and interoperability, with a new strategy designed to "raise the bar" and remove the friction that constrains performance. Fully detailed ... Read the full article
Blenheim’s Syndicate 5886 reports strong 2025 results with £72m profit and 80.9% CoR
16th March 2026
Blenheim Underwriting, a specialist managing general agent (MGA) and Lloyd’s coverholder, has announced a robust underwriting performance for Syndicate 5886 in the 2025 calendar year. Syndicate 5886 delivered a net combined ratio of 80.9%, representing a 3.8% year-on-year improvement. This strong underwriting performance generated a profit of £72 million, marking a 27% ... Read the full article
Sodalis Capital introduces Brecon Specialty to expand global cyber and technology E&O broking
10th March 2026
Sodalis Capital, an investment firm specialising in international insurance intermediaries, has announced the launch of Brecon Specialty Ltd. Headquartered in London, the new brokerage will provide specialist broking and risk advisory services to independent brokers across global markets, in addition to serving direct clients. Its core focus will be Cyber and ... Read the full article
Hiscox 2025 forecasts show solid returns for Lloyd’s Syndicates
3rd March 2026
Hiscox has released the latest results and estimates for its flagship Lloyd’s syndicates, forecasting a return of 3.5% to 13.5% for Syndicate 33 and a significantly higher 23.2% to 33.2% for Syndicate 6104 for the 2025 year of account. The optimistic outlook for the 2025 year of account is complemented by ... Read the full article
ICMR predicts Lloyd’s CoR below 90% for 2025
23rd February 2026
Based on reported results to date from 17 of the 27 RISX index constituents, Insurance Capital Markets Research (ICMR) has projected that the Lloyd’s market will post a combined ratio of below 90% in its forthcoming 2025 results. In a new report, ICMR described the anticipated underwriting outcome as “exceptional”, adding ... Read the full article
Lloyd’s adds Fiona Luck and Sean McGovern as new Deputy Chairs
13th February 2026
The specialist Lloyd's insurance and reinsurance marketplace has confirmed the additions of both Fiona Luck and Sean McGovern as Deputy Chairs, joining Victoria Carter who has served in the role since 2021. Luck joined the Lloyd's Council in 2018, and as well as Deputy Chair, has been appointed as Senior Independent ... Read the full article
SGIS Group approved as Lloyd’s registered broker
4th February 2026
Simon Global Insurance Services Group (SGIS Group), a premier insurance brokerage platform, secured approval as a Lloyd’s registered broker on January 30th, 2026. The approval was facilitated through its subsidiary SGIS Malaysia Ltd., but as noted by the firm, this development elevates the entire group into an "elite circle of global ... Read the full article
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