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.
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
Octave Ventures’ Statera receives approval to act as a Lloyd’s Managing Agent
7th January 2026
Statera Managing Agency Limited, a subsidiary of Octave Ventures, has received regulatory approval to act as a Lloyd’s Managing Agent. Statera will now manage Syndicates 4242 and 1416, which currently underwrite specialty risks produced through their strategic relationship with Octave Ventures, a division of Octave Specialty Group, Inc. The Syndicates benefit from ... Read the full article
ATA adds Google and Microsoft risk managers to its Board of Directors
6th January 2026
Advanced Technology Assurance Limited (ATA) has appointed Loren Nickel and Brian Warren to its Board of Directors, subject to customary regulatory approvals. The pair will facilitate building ATA into a property and casualty insurance partner for small, middle, and large businesses globally that own, operate, develop, or manufacture advanced technologies across ... Read the full article
ASR renews Baobab Consortium with increased capacity of up to $26m per risk
2nd January 2026
Africa Specialty Risks (ASR), a re/insurance group specialising in Africa and the Middle East, has announced the renewal of Baobab, the first Lloyd’s Consortium focused exclusively on Africa, with an increase in capacity of up to USD 26 million per risk. The Baobab Consortium, launched on January 1, 2025, is ... Read the full article
AdA Syndicate 2024 receives permission to underwrite from Lloyd’s for 2026 YOA
30th December 2025
AdA, a Lloyd’s and regional Marine & Specialty insurer, has announced that AdA Syndicate 2024 has received “permission to underwrite” from Lloyd’s for the 2026 year of account. AdA Underwriters was established in May 2023 by Natasha Jodrell, James Grainger and Paddy Riordan, with the ambition of setting up a specialty ... Read the full article
Gallagher Bassett notes shift in Lloyd’s claims management to “hurdle principle”
29th December 2025
The change of Lloyd’s claims management to a “hurdle principle” places the delivery of high-quality claims services among the key fundamental responsibilities of managing agents, positioning it alongside underwriting and governance as a strategic priority, Gallagher Bassett analysts highlight. Elevating claims management to a "hurdle principle" means that claims performance is ... Read the full article
Howden advises K2 on launch of Lloyd’s Syndicate 1954
24th December 2025
Howden Capital Markets & Advisory and Howden Capital Solutions will serve as financial advisors to MGA platform K2 Insurance Services as it launches Syndicate 1954 for the 2026 YOA, in partnership with Dale Underwriting Partners, the trading name of Dale Managing Agency Limited’s Lloyd’s Syndicate 1729. Last month, Dale Underwriting ... Read the full article
Amiga Specialty secures Lloyd’s capacity for Management Liability
23rd December 2025
Amiga Specialty, an independent international Managing General Agent (MGA), has secured new Lloyd’s capacity to support its Management Liability proposition for SME and mid-market businesses across the UK, Europe, and select rest-of-world markets. The Management Liability proposition strengthens the firm’s ability to deliver underwriting-led solutions across Directors’ & Officers’ and broader ... Read the full article
Al Wathba Insurance secures access to Lloyd’s of London
22nd December 2025
Al Wathba Insurance has become the first UAE-based insurer to secure access to the Lloyd’s of London market via the London Bridge 2 PCC structure. This strategic move, finalised through Cell 27 of the London Bridge 2 PCC, an insurance-linked securities (ILS) structure, marks a significant evolution in Al Wathba’s growth ... Read the full article
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
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