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 expected to maintain strong earnings over 2025, says Moody’s
12th December 2024
Lloyd's of London is expected to continue producing strong earnings and capital over the next 12-18 months, due to underwriting discipline, favourable market conditions and robust investment returns, according to Moody's Ratings. However, analysts have warned that its profitability could wind up falling short of the strong results seen in 2023 and ... Read the full article
Future pandemic could cost global economy $13.6trn: Lloyd’s
11th December 2024
The global economy could be exposed to potential losses of $13.6 trillion over a five-year period from the threat of a hypothetical future human pandemic, according to systemic risk scenario research from Lloyd's. Produced in partnership with the Cambridge Centre for Risk Studies, this research is designed to provide risk managers, ... Read the full article
K2 International opens box at Lloyd’s of London
9th December 2024
K2 Group Holdings Limited, a division of K2 Insurance Services and a London-based specialty insurance and reinsurance underwriting platform, has announced the opening of its box in Lloyd’s of London. Three divisions of K2 International will be represented: K2 Rubicon Specialty, K2 Crisis Management and K2 Property D&F. Key underwriters will be ... Read the full article
LK Re Singapore named UK Lloyd’s broker
6th December 2024
LK Re, a specialist in reinsurance brokerage and Singapore subsidiary of LK Insurance Brokerage, has been selected as a registered broker by Lloyd’s in the UK. This move marks the first time that an overseas subsidiary established by a Korean insurance broker has been granted this status. LK Re's registration as a ... Read the full article
ASR Syndicate 2454 to begin operating through its service company in Dubai
2nd December 2024
Africa Specialty Risks (ASR), an African and Middle Eastern re/insurance group, has confirmed that ASR Middle East has commenced operating as a Lloyd's service company, which allows it to underwrite in Dubai on behalf of ASR Syndicate 2454, the first African focused syndicate at Lloyd's. ASR Middle East particularly focuses on ... Read the full article
Rokstone acquires second box at Lloyd’s as expansion continues
2nd December 2024
International Speciality re/insurance MGA Rokstone, which is part of the Aventum Group, has acquired a second box at Lloyd’s, just six months after the announcement of its first. Rokstone has secured box 398a, alongside its existing box 398, on Gallery 3, underlining its dedication to the London market as a ... Read the full article
Rate momentum, adequacy and trading challenges bring caution to Lloyd’s market: Patrick Tiernan
28th November 2024
Speaking at the Lloyd's Q4 2024 Market Message, Patrick Tiernan, Chief of Markets, explained that whilst looking at the jump off point for 2025, he sees a "global specialty market that continues to experience favourable, if not, more competitive conditions." Tiernan stated that the risk environment remains elevated within Lloyd's core ... Read the full article
The re/insurance industry has to evolve and innovate faster than ever before: Lloyd’s CEO, Neal
28th November 2024
As the insurance and reinsurance industry continues to grow, the extensive risk landscape also continues to widen, with major risks stemming from key areas such as climate change and cyber, which according to John Neal, Chief Executive Officer (CEO) of Lloyd's, means that the industry has to evolve and innovate ... Read the full article
Abu Dhabi Re expands product suite
26th November 2024
Abu Dhabi Reinsurance Company (ADRe), a reinsurance service provider in the Abu Dhabi Global Markets platform, has announced the expansion of its product suite to include Commercial General Liability. From what Reinsurance News understands, the addition of Commercial General Liability builds on ADRe's existing lines of business, providing limits of up ... Read the full article
OAK Re Syndicate 2843 receives permission to underwrite from January
26th November 2024
Oak Reinsurance (OAK Re), the global reinsurance firm, has announced that its Lloyd’s Syndicate 2843 has received permission to underwrite business incepting from January 1, 2025, which follows from the approval in principle that was received in September 2024. According to the announcement, OAK Re is launching Syndicate 2843 in collaboration ... Read the full article
AnchorWatch now a Lloyd’s of London Coverholder
20th November 2024
AnchorWatch, an insurer specialising in bitcoin custody, has received a Lloyd’s of London Coverholder position. This milestone solidifies AnchorWatch’s position in the emerging market of insured bitcoin custody solutions. The firm will officially open for business in December 2024, with binding authority of up to $100 million per customer, aiming to safeguard ... Read the full article
Helios expects value of the capacity fund to decrease to £75m at year-end 2024
18th November 2024
Lloyd's focused investment vehicle, Helios Underwriting, has updated the value of the company's value of capacity portfolio, now expecting to decrease to £75 million at 31st December 2024. Michael Wade, Chairman of Helios, commented: "The Freehold Capacity Portfolio has continued to deliver value to shareholders and we have realised £14m of ... Read the full article
Lloyd’s appoints Nathan Adams as Chief People Officer
4th November 2024
Lloyd’s, the global insurance and reinsurance marketplace, has announced the appointment of Nathan Adams as its Chief People Officer, effective early 2025. In his new role, Adams will report to John Neal, Chief Executive Officer of Lloyd’s, and will join the Lloyd’s Executive Committee. He succeeds Sara Gomez, who will retire from ... Read the full article
LSM’s Jane Warren appointed to the Lloyd’s Council
11th October 2024
Lloyd's of London, the specialist insurance and reinsurance marketplace, has added Jane Warren of Liberty Corporate Capital Limited, to the Lloyds Council and announced her election as a Corporate External Member of the Council. According to the announcement, Warren's appointment will be effective as of February 1, 2025 and will be ... Read the full article
Lloyd’s warns of $14.5trn economic risk from hypothetical geopolitical conflict
9th October 2024
Lloyd's has released a report noting that a hypothetical geopolitical conflict could disrupt global trade and supply chains, potentially leading to $14.5 trillion in losses for the global economy over a five-year period. Produced in partnership with the Cambridge Centre for Risk Studies, Lloyd's research explores eight "hypothetical but plausible" systemic ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
