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.
COPE gets approved as a Lloyd’s Coverholder
23rd June 2025
Cyprus-based reinsurance and travel services firm COPE has been approved as a Lloyd’s Coverholder, a significant step in its global expansion. Established in 2023, COPE described the accreditation as “an exciting new chapter” in its growth journey, granting it access to Lloyd’s renowned international platform and network of trusted experts. Operating across ... Read the full article
Lloyd’s and L&G back Togo’s sustainable development with €200m loan
4th June 2025
The Lloyd’s of London insurance market, represented by MS Amlin, Mosiac Insurance, and the Texel Group, has partnered with Legal & General in a recent transaction to bolster sustainable development in the Republic of Togo. This collaboration facilitates Togo’s inaugural sustainable loan from international investors, a €200m through a 20-year facility ... Read the full article
Lloyd’s CEO looks to leverage historic brand in era of global uncertainty
2nd June 2025
As Patrick Tiernan steps into his role as CEO of the specialist Lloyd’s insurance and reinsurance marketplace, he has emphasised that the organisation’s primary focus should be on activities that drive sustainable profitability and maintain underwriting discipline throughout the economic cycle. In a new statement, Tiernan observed that trust in ... Read the full article
Lloyd’s unveils new executive team as Tiernan begins role as CEO
2nd June 2025
Lloyd's, the world's oldest insurance and reinsurance marketplace, has announced a number of changes to its Executive Team, effective immediately. This update follows the recent appointment of Patrick Tiernan as Lloyd’s Chief Executive Officer, to whom all the Executive Team will now report. Tiernan commented: “I am pleased to announce the ... Read the full article
Reinsurance & property remain key profit drivers for Lloyd’s syndicates: Howden Re
2nd June 2025
Property and reinsurance lines remain the primary drivers of premium growth and profitability for Lloyd’s of London syndicates, according to a new report from Howden Re. The firm’s latest analysis of Lloyd’s syndicate performance offers a detailed overview of market trends, revealing that property gross written premiums (GWP) among the top ... Read the full article
Inigo, Johnson & Johnson backed Motion Specialty becomes Lloyd’s coverholder
19th May 2025
Motion Specialty has been approved as a Lloyd’s of London coverholder, having been founded by Dan Alpay and Alex Kickham with the support of wholesale US broker Johnson and Johnson, and writing on behalf of Lloyd’s Syndicate 1301, managed by Inigo Ltd. According to a joint announcement from the involved parties, ... Read the full article
Lloyd’s market at a ‘pivotal point’ as new leadership takes helm: LMA CEO
8th May 2025
Sheila Cameron, CEO of the Lloyd’s Market Association (LMA), has suggested that with Patrick Tiernan and Charles Roxburgh appointed as the new CEO and Chair of Lloyd’s, they are stepping in at a "pivotal point" and have a real opportunity to elevate the marketplace at a time when it is ... Read the full article
Patrick Tiernan named Lloyd’s CEO
8th May 2025
The Council of Lloyd’s has appointed Patrick Tiernan as Chief Executive Officer (CEO) of the specialist Lloyd's insurance and reinsurance marketplace, effective June 1st, 2025. Tiernan’s appointment is subject to approval and consent from the Prudential Regulation Authority and the Financial Conduct Authority. He has nearly three decades of industry experience, having ... Read the full article
Global Parametrics becomes coverholder to Canopius Lloyd’s Syndicate 4444
23rd April 2025
Global Parametrics, part of the CelsiusPro Group, and Canopius, an international specialty lines and P&C re/insurer, have announced the signing of a Lloyd’s syndicate coverholder partnership. Under this collaboration, Global Parametric becomes coverholder to Canopius Lloyd’s Syndicate 4444 - one of the largest in the Lloyd's of London marketplace - and ... Read the full article
Lloyd’s approves OAK Re’s increased business plan for Syndicate 2843
10th April 2025
London-based reinsurance firm, OAK Re has received Lloyd’s approval to increase the 2025 business plan of Syndicate 2843 to over $400 million of gross written premium. OAK Re's syndicate business forecast (SBF) was resubmitted after the company exceeded its own expectations for the first quarter of 2025. Chief Executive Officer and Founder, ... Read the full article
Lloyd’s continued to deliver in 2024 despite major claims activity: ICMR, LMA
8th April 2025
Despite major claims activity in 2024, including two US hurricanes, Lloyd’s continued to deliver highly favourable returns to investors, with profits just shy of the previous year's record, driven by favourable trading conditions and a return to more normal investment valuations. These findings come from the second annual report by ... Read the full article
11 InsurTechs join Lloyd’s Lab Accelerator programme
2nd April 2025
Insurance and reinsurance marketplace Lloyd's has revealed the 11 InsurTechs that have secured a place in the 14th Cohort of the Lloyd's Lab Accelerator programme. The teams chosen include Faura, Satva Trust, QualRisk, Ocean Ledger, Novella, Testudo, Circuit Security, GWT Insight, Unwind Finance, 7Analytics AS, and reinsurance technology platform Supercede Technology, ... Read the full article
SureGo receives Delegated Claims Authority from Lloyd’s
31st March 2025
The North American and European operations of SureGo Administrative Services (SureGo), a sister company of Trawick International and a third-party administrator for international and special risk insurance, have received Delegated Claims Authority (DCA) from Lloyd’s, the global insurance and reinsurance marketplace. As an approved Lloyd’s DCA, SureGo can administer accident and ... Read the full article
Flood Re secures £140m in flood retro with debut cat bond
17th March 2025
To bolster its financial resilience against UK flood risks, Flood Re has successfully launched its first catastrophe bond, Vision 2039 – Series 2025-1, securing £140 million in retrocession reinsurance coverage. This transaction is a first for the UK flood insurance scheme, and with it Flood Re marks its entry into ... Read the full article
Lloyd’s pegs LA wildfire loss at $2.3bn as FY’24 GWP rises 6.5%
10th March 2025
The specialist Lloyd's insurance and reinsurance marketplace has announced a net loss estimate of around $2.3 billion for the Los Angeles, California wildfires, as the market reports another strong year of underwriting profit and top-line growth. Lloyd's is scheduled to release its full year 2024 results on March 20th but has ... Read the full article
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