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.
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
Trawick Holdings expands Lloyd’s market presence with new registered brokerage
23rd January 2026
Trawick International Limited, a member of Trawick Holdings, a privately owned specialty insurance group offering travel and niche insurance products worldwide, has confirmed the launch of a Lloyd’s registered brokerage within the group. The brokerage has been established in collaboration with sister company Greenlight Insurance Services Ltd, both operating under the ... Read the full article
The market is softening but could ‘turn on a knife edge’: Turk, Lloyd’s
23rd January 2026
Rachel Turk, Chief of Market Performance at Lloyd’s of London, classifies the current reinsurance market as one that is softening, but not soft, noting that it is on a knife edge and could reverse following a major loss event. Speaking at Fitch Ratings’ Insurance Insights 2026 event on 22nd January in ... Read the full article
Phoenix Specialty expands capacity and broadens global EAR offering
20th January 2026
Phoenix Specialty, a London-based managing general agent (MGA), has strengthened its underwriting capabilities with an increase in available capacity, allowing greater flexibility when structuring risks. On an individual basis, the business can now support probable maximum losses of up to £50m for both annual policies and single-project risks within the UK. In ... Read the full article
PwC’s Jim Bichard to join Lloyd’s as CFO as Alexandra Cliff departs
16th January 2026
Jim Bichard, the current leader of PwC's global insurance division, will take over as Chief Financial Officer (CFO) of the specialist Lloyd's insurance and reinsurance marketplace in April 2026, replacing Alexandra Cliff. Almost a year ago, Cliff was announced as Burkhard Keese's successor as CFO of Lloyd's, having served as ... Read the full article
LMA reveals 2026 agenda to strengthen Lloyd’s market leadership
13th January 2026
Lloyd’s Market Association (LMA) has set out its strategic priorities for 2026, aimed at reinforcing the Lloyd’s market’s position as a global insurance leader, with the board’s agenda focusing on underwriting, technical skills development, market simplification through digital and regulatory initiatives, and engagement with regulators. The LMA will play a central ... Read the full article
India’s Niyam gets in-principle approval to launch Lloyd’s Syndicate 2047
13th January 2026
Newly launched Niyam Group has received in-principle approval from the specialist Lloyd’s re/insurance marketplace to establish Syndicate 2047, which will be managed by Polo Managing Agency (PMA), part of the PoloWorks group, and is expected to start underwriting on April 1st, 2026. The approval marks a significant milestone in the ... Read the full article
Amiga obtains Lloyd’s capacity to support FI offering
13th January 2026
Amiga Specialty has obtained Lloyd’s capacity to back its Financial Institutions (FI) offering, strengthening its ability to provide specialist, underwriting-driven solutions to a wide range of financial and professional organisations across the UK, Europe and international markets. Amiga explained that its FI proposition offers tailored products for asset managers, investment firms, ... Read the full article
Alchemy & Buckhill deliver modern and data-first digital framework for Santam’s Lloyd’s market entry
12th January 2026
Santam Syndicate 1918 at Lloyd’s now benefits from a new Policy Administration System (PAS) and digital operating platform. This rapid implementation, completed in under three months, was achieved through a partnership between Santam, a major South African insurance company, and technology partners Alchemy Technology Services and Buckhill. The platform, powered by Buckhill’s ... Read the full article
Lloyd’s market proxy RISX delivers 22.3% total return for 2025: ICMR
9th January 2026
The global specialty reinsurance sector capped off a remarkable 2025, with the RISX Net Total Return Index delivering a 22.3% total return despite a backdrop of geopolitical volatility, growing trade barriers and high catastrophe losses, according to data by the Insurance Capital Markets Research (ICMR). This performance has not only solidified ... Read the full article
Polo Managing Agency launches three new Lloyd’s syndicates
8th January 2026
Polo Managing Agency (PMA), part of the PoloWorks group, has launched three new Lloyd’s syndicates: Atradius Syndicate 1864, Aurora Syndicate 1890, and OAK Enterprise Syndicate 1440 - all of which began underwriting from 1 January 2026. PMA, which serves as the turnkey managing agency for all three platforms, is delivering the ... Read the full article
Lloyd’s Market Association appoints Bellamy as Underwriting Director
8th January 2026
The Lloyd’s Market Association (LMA), the body representing the interests of managing agents and Lloyd’s brokers, has appointed Matthew Bellamy as Underwriting Director, who will join the body in late 2026. In his new role, Bellamy will report to Sheila Cameron, Chief Executive Officer, LMA, and lead the LMA’s Underwriting team. Additionally, ... Read the full article
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