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.

Nephila to launch new ILS investor-backed Lloyd’s syndicate

21st December 2021

Nephila Capital, the world’s largest insurance-linked securities (ILS) investment manager, has announced plans for its Lloyd’s specialty syndicate 2358, as the firm looks to provide investors with greater access to the wider specialty insurance market. Set to commence trading in the new year, syndicate 2358 will focus on short to medium ... Read the full article

Helios issues new shares to fund Exalt acquisition

20th December 2021

Helios Underwriting, the Lloyd’s of London investment and underwriting vehicle, has acquired the entire issued capital of Exalt Underwriting for £409,550, in line with its strategy of increasing underwriting capacity through acquisitions. £241,792 of the £409,550 has been satisfied by the issue of 141,399 ordinary shares. Application has been made for the ... Read the full article

Argenta pegs industry hit from US tornados as high as $7bn

13th December 2021

Lloyd's managing agent Argenta says the freak tornado outbreak which devastated multiple US states over the weekend could drive industry losses as high as $7 billion. Mayfield, Kentucky Analysts believe the most suitable comparison to a past event is a derecho that hit Iowa in 2020. A derecho is essentially an ... Read the full article

Lloyd’s names General Representative for Luxembourg

13th December 2021

Lloyd’s Insurance Company S.A. (LIC), the European subsidiary of the insurance and reinsurance marketplace, has appointed Martial de Calbiac as its General Representative for Luxembourg. de Calbiac has more than four decades of experience, and currently holds the position of Retraité -  Gérant at Luxembourg-based firm Fremarlux Sàrl. He also served as ... Read the full article

Argenta exits Lloyd’s China platform

8th December 2021

Argenta Syndicate Management Limited (ASML), a subsidiary of the broader group, is to cease underwriting all new and renewal business relating to the Lloyd’s China platform (LICCL). This decision is effective immediately. ASML says it will work with LICCL to continue servicing existing business, and ensure that the run-off is conducted in ... Read the full article

Mosaic invites syndicated capital partners on worldwide risk

2nd December 2021

Mosaic Insurance has launched a syndicated program with the aim of drawing in new capital from commercial partners looking to underwrite complex specialty risks across various regional markets. The initiative will see Mosaic source and select specialty risks not typically seen in London and underwrite them via its network of hubs.Read the full article

Lloyd’s DRF launches parametric cyclone product in Australia

23rd November 2021

Insurance and reinsurance marketplace Lloyd's has announced the launch of a retail parametric cyclone insurance product in Northern Australia. The new solution, called Redicova, is supported by the Lloyd’s Disaster Risk Facility (DRF), an initiative designed to help build resilience by closing protection gaps around the world. The product is led by ... Read the full article

Helios acquires 2% stake in Lloyd’s LLV as capacity quest continues

18th November 2021

Helios Underwriting, the Lloyd’s of London investment and underwriting vehicle, has acquired a 2% shareholding in a holding company of a group of Limited Liability Vehicles (LLV). The company announced in August its intention to bulk up its capacity using high quality syndicates at the historic insurance and reinsurance marketplace. As a ... Read the full article

Blenheim bolsters political risk with underwriters Plumptre & Fox

10th November 2021

Blenheim Underwriting has added Tamsin Plumptre and Ed Fox to its political risk underwriting team, as the firm looks to expand its presence in the sector. Plumptre joined on November 8 with over 17 years’ experience. She was most recently head of structured credit, political and security risks at the Canadian independent ... Read the full article

Ontario Teachers’ to invest in Lloyd’s London Bridge Risk PCC

10th November 2021

Lloyd’s has announced the participation of the Ontario Teachers’ Pension Plan Board in the London Bridge Risk Protected Cell Company (PCC), providing initial capital in excess of £100 million with an expectation for that to grow over time. Ontario Teachers’ is the administrator of Canada's largest single-profession pension plan and has ... Read the full article

Lloyd’s targets net zero Central Fund & underwriting

28th October 2021

Insurance and reinsurance marketplace Lloyd’s of London has announced plans to join the UN-convened Net Zero Insurance Alliance (NZIA), as part of a commitment to transition all of its operational and attributable greenhouse gas emissions to net-zero by 2050, at the latest. The move builds on Lloyd’s existing commitment to reduce ... Read the full article

Marco gets nod to provide RITC/legacy solutions to Lloyd’s syndicates

15th October 2021

European P&C run-off group Marco Capital has been granted ‘in principle’ approval to launch a Reinsurance To Close (RITC)/run-off syndicate. Formal approval of the syndicate is subject to completion of a review phase by the Lloyd’s Council. The Council’s approval would allow Marco to participate in and quote on RITC and other ... Read the full article

Chaucer adds to Belt & Road Consortium at Lloyd’s

12th October 2021

Specialty re/insurance group Chaucer has announced the addition of political risks and contract frustration to its Belt and Road Consortium at Lloyd’s solution. The consortium, which was launched in June 2021, provides large-scale capacity of up to $300 million to companies working on China’s Belt and Road Initiative. It combines Chaucer’s ... Read the full article

Apollo gets $90m investment from Alchemy, to build on hybrid Lloyd’s model

11th October 2021

Apollo Group Holdings Limited, the Lloyd's specialist insurance and reinsurance group that includes Apollo Syndicate Management Ltd, has announced a $90 million investment from British private equity firm Alchemy Partners. Apollo is the largest independent, management owned business in the Lloyd’s market, including its flagship Apollo Syndicate 1969 and the $90 ... Read the full article

Lloyd’s Insurance Company appoints UK leadership

7th October 2021

Lloyd’s Insurance Company (LIC) has today announced a series of leadership appointments within its UK branch, including the addition of Mark Cooper as its head. LIC is Lloyd’s Belgian subsidiary authorised to carry insurance and reinsurance business in the European Economic Area (EEA). Cooper's appointment is effective 1 November and will see him ... Read the full article