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.
London Market faces pivotal moment for industry’s future: Guidewire’s McDonnell
19th December 2025
As the global insurance industry enters 2026, the London Market is standing at a critical crossroads, with Lloyd’s of London under mounting pressure to redefine its strategic direction following significant leadership transitions - including the appointment of Patric Tiernan as CEO this year. Jamie McDonnell, Director of London Market at Guidewire, ... Read the full article
Atradius Syndicate 1864 receives final Lloyd’s approval to underwrite
16th December 2025
Global credit insurer Atradius has received final regulatory approval for its Lloyd's Syndicate 1864 to begin underwriting business from 1 January 2026. Syndicate 1864, which received Lloyd’s ‘in principle’ approval back in July, will focus on trade credit risks, starting with new and existing clients in Europe's financial sector. By using ... Read the full article
XS Global expands into Asia Pacific with Hong Kong launch
16th December 2025
XS Global, an independently owned managing general underwriting (MGU) platform, has expanded into the Asia Pacific region with the launch of XS Global Asia Pacific Ltd (XSGAP) in Hong Kong, with the office being led by APAC CEO and XS Global Executive Committee member, Steven Barnett. XSGAP, licensed in Hong Kong ... Read the full article
Santam secures final approval to launch Syndicate 1918 at Lloyd’s
1st December 2025
Santam Group, a major South African insurance company, has been granted Lloyd’s final permission for its Santam Syndicate 1918 to underwrite for business beginning on or after January 1, 2026. The new Syndicate will introduce Santam’s established expertise and unique culture to the global specialty insurance market, focusing on Southern Africa ... Read the full article
Market discipline key as negative rates hit most classes: Lloyd’s CUO
28th November 2025
Rachel Turk, Chief Underwriting Officer at Lloyd’s, has acknowledged that rates have softened more quickly than anticipated, but emphasised that favourable trading conditions and ongoing market discipline are expected to drive strong performance for 2025. In the firm's Q4 Market Message, the CUO highlighted pockets of concern, urging the market to ... Read the full article
Ariel Re secures Lloyd’s approval for Syndicate 2006
28th November 2025
Global reinsurer Ariel Re Managing Agency Limited (Ariel Re) has announced that Lloyd’s has formally approved the establishment and management of Ariel Re Syndicate 2006. The syndicate has been granted Permission to Underwrite in line with its agreed business plan for the 2026 Year of Account. This follows confirmation from the ... Read the full article
Lloyd’s Europe to implement Reinsurance Collateral Deposit from Jan 1
25th November 2025
Lloyd’s Europe will implement a Reinsurance Collateral Deposit (RCD) from 1st January 2026 for the 2026 Year of Account (YoA) onwards to meet regulatory expectations, following market engagement with support from the LMA. Lloyd’s, the specialist insurance and reinsurance marketplace, said monies will be collected quarterly from participating syndicates by Lloyd’s ... Read the full article
Lloyd’s Syndicate forecasts for 2023 year of account remain very strong: Argenta
20th November 2025
Argenta Holdings Limited, a managing agent at Lloyd’s of London, has reported that the market's syndicate forecasts for the 2023 and 2024 underwriting years continue to show strong performance, reflecting disciplined underwriting and favourable market conditions. Argenta Holdings has highlighted that the 2023 year of account is performing exceptionally well, supported ... Read the full article
Lloyd’s launches probe into potential policy breaches following Neal reports
20th November 2025
Lloyd’s has launched a law firm-led investigation into potential breaches of policy following allegations of a workplace relationship involving former CEO John Neal. Back in January 2025, it was revealed that Neal, who served as CEO of Lloyd’s since October 2018, would be leaving the marketplace to join broking giant Aon ... Read the full article
Lloyd’s approves OAK Global’s Syndicate 1440 for underwriting
19th November 2025
OAK Global, an independent reinsurance group that provides risk solutions and underwriting capacity to clients worldwide, announced that Lloyd’s has granted approval for underwriting to begin through Syndicate 1440. The syndicate will operate within OAK Enterprise, a new strategic business unit that will offer property and specialty retrocession capacity for business ... Read the full article
HRP Syndicate 2689 at Lloyd’s announces key leadership appointments
19th November 2025
HRP Syndicate 2689 at Lloyd’s, a specialist insurance syndicate known for providing underwriting solutions across diverse sectors, has named Giancarlo D’Alessandro as its new Active Underwriter. Additionally, Leah Rose has been appointed as syndicate CEO, taking responsibility for the overall management and strategic oversight of the business. Both appointments are subject ... Read the full article
Dale and K2 receive ‘in principle’ approval from Lloyd’s to establish Syndicate 1954
17th November 2025
Dale Underwriting Partners, the trading name for Dale Managing Agency Limited’s Lloyd’s Syndicate 1729, and MGA platform K2 Insurance Services, have received ‘in principle’ approval from Lloyd’s to establish a new Special Purpose Arrangement (SPA), Syndicate 1954. The SPA, which will be managed by Dale Managing Agency Limited and hosted by ... Read the full article
Lloyd’s announces Council membership elections
14th November 2025
Lloyd’s, the London-headquartered specialist insurance and reinsurance market, has announced a couple of updates to its Council membership: the re-election of Richard Dudley, and Duncan Dale’s election. These changes follow elections to fill two working member vacancies, and come as Andrew Brooks steps down after nine years as a working member ... Read the full article
Atrium’s new Syndicate 2026 secures ‘in principle’ approval, targets initial GWP of $150m
12th November 2025
Atrium, an insurance group operating within the specialist Lloyd’s insurance and reinsurance marketplace, has been granted “in principle” approval for its new delegated property catastrophe and weather and climate risk-focused Syndicate 2026. The new syndicate will start underwriting from January 1st, 2026, subject to the completion of all final approvals. It ... Read the full article
Alt IMs’ move into Lloyd’s and US sidecars increases credit and liquidity risks: Fitch Ratings
7th November 2025
Global credit rating agency Fitch Ratings warns that alternative investment managers’ (Alt IMs) growing participation in Lloyd’s syndicates and US casualty sidecars is introducing new third-party capital to the reinsurance market but also increasing potential credit, liquidity, valuation, and governance risks. According to Fitch, Alt IMs are channelling long-term insurance premiums ... Read the full article
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