Reinsurance News
Lloyd’s 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.
News on syndicates operations, company formations and corporate members in the Lloyd’s marketplace.
Elisabeth Groehe joins OAK Global to lead new OAK Partnerships unit
9th October 2026
OAK Global, which underwrites through two dedicated syndicates at Lloyd’s, has received approval to launch OAK Partnerships, a new strategic business unit providing multi-class expertise and capacity for portfolios of insurance risk to leading underwriting partners. According to OAK Global, capacity will be provided by OAK Syndicate 1440, with risks incepting ... Read the full article
Athena Re gets approved as Lloyd’s Coverholder
8th October 2026
London-domiciled specialist insurance and reinsurance managing general agent (MGA), Athena Re, has received approval to serve as a Lloyd’s Coverholder. The MGA explained that this marks a significant milestone, aligning with its long-term growth plan to bring highly rated global insurance capacity closer to high-growth emerging markets. As a Lloyd’s Coverholder, Athena ... Read the full article
Markel International raises London Fine Art & Specie capacity to $250m
6th October 2026
Markel Insurance, the insurance operation within Markel Group Inc., has raised its London Fine Art & Specie capacity from USD 100 million to USD 250 million through Lloyd’s of London to accommodate rising demand. The insurer explained that this increased capacity aims to give Lloyd’s brokers access to higher limits through ... Read the full article
Lloyd’s and Moody’s launch joint casualty and financial lines analysis programme
1st October 2026
Moody’s and Lloyd’s have launched a new joint analysis program across casualty and financial lines, designed to explore how market data can provide new insights into portfolio performance, risk concentration, and market dynamics. The collaboration merges Lloyd’s extensive market data with Moody’s analytical model and dataset infrastructure, expanding on a longstanding ... Read the full article
New Lloyd’s coverholder MGA Alpha enters market with AXA XL and Probitas capacity
21st September 2026
Alpha TR Limited (Alpha), a new Lloyd’s coverholder specialty managing general agent (MGA) that can deploy £40 million of capital per risk, with capacity from AXA XL and Probitas (Aviva Syndicates), has been established to offer international transactional risk insurance solutions. The MGA currently offers W&I, Tax, and Contingent insurance, and ... Read the full article
Lloyd’s market delivers solid results for third successive year in 2025: AM Best
10th September 2026
The Lloyd’s market produced an excellent return on capital of above 20% for a third successive year in 2025, according to analysts at AM Best, with a profit before tax of GBP 10.6 billion and a return on capital of 22%, following a period of subdued overall earnings that were ... Read the full article
HDI Global UK&I receives Lloyd’s approval in principle to establish new syndicate
7th September 2026
HDI Global UK & Ireland (HDI) has announced that it has received approval in principle from Lloyd’s to establish a new Lloyd’s syndicate, marking a key milestone in its wider Xcelerate29 growth strategy. The approval in principle enables HDI to continue progressing through the remaining regulatory and operational stages required before ... Read the full article
Cedar Trace obtains in-principle approval from Lloyd’s for new $300m syndicate
6th September 2026
Following in-principle approval from the Lloyd’s Council, Cedar Trace Underwriting has entered the Lloyd’s market with a new $300m syndicate for the 2027 underwriting year, to be led by CUO Richard Holden. According to the firm, the syndicate will write a diversified reinsurance portfolio alongside a delegated direct insurance portfolio, marking ... Read the full article
Middle East conflict is not currently expected to be a capital event, says Lloyd’s Tiernan
4th September 2026
Lloyd’s, the global insurance and reinsurance marketplace, does not currently expect the continuing conflict in the Middle East to become a capital event for the market or have a material effect on its profit and loss, according to Chief Executive Patrick Tiernan. In a statement accompanying Lloyd’s first-half 2026 results, Tiernan ... Read the full article
OAK Global targets profitable growth, leveraging AI and technology to empower underwriters: CEO Carr
3rd September 2026
Reinsurance News spoke with Oak Global Founder and CEO Cathal Carr around RVS 2026 in Monte Carlo, with the discussion focusing on how the reinsurance business is using the Lloyd’s market, technology and artificial intelligence to support its growth strategy. Oak Global is a Lloyd’s-focused reinsurance business operating through two syndicates, ... Read the full article
Tiernan calls for innovation to become Lloyd’s ‘natural operating rhythm’
3rd September 2026
In a statement accompanying Lloyd’s H1 2026 results, Chief Executive Patrick Tiernan suggested that addressing challenges such as the protection and perception gaps will require the full power of the Lloyd’s market to be harnessed to manage risks that others cannot, moving beyond isolated innovations in products, capital or structures ... Read the full article
Lloyd’s reports solid H1’26 results as GWP rise 7% amid softening rates
3rd September 2026
Specialist insurance and reinsurance marketplace Lloyd’s has recorded a 6.9% rise in gross written premium (GWP) to £34.7 billion for the first half of 2026, up from £32.5 billion in H1’25, driven by strong volume growth of 15.8% from new and existing syndicates, despite a more competitive pricing environment. For the ... Read the full article
Lloyd’s reinsurance pricing softens, but AM Best sees adequate rates through 2026
2nd September 2026
The Lloyd’s reinsurance segment is facing intensifying softening pressures in 2026, particularly across property catastrophe business, although rates have declined from a very strong peak and are still expected to remain adequate, according to AM Best. Reinsurance is Lloyd’s largest segment, reportedly accounting for around one-third of the market’s gross written ... Read the full article
SRS Altitude approved as Lloyd’s Coverholder
1st September 2026
Strategic Risk Solutions (SRS), an independent insurance company manager, has announced that SRS Altitude has been approved as a Lloyd's Coverholder. SRS Altitude is an independent entity under the SRS umbrella, specialising in Alternative Risk Transfer solutions designed to address the increasingly complex risk management challenges and needs of corporate clients ... Read the full article
Envelop Risk to transition SPA 1925 into full Lloyd’s syndicate in 2027
17th August 2026
Envelop Risk, a cyber reinsurance and analytics specialist, has received in-principle approval from Lloyd’s to launch Envelop Syndicate 1925. Transitioning from Special Purpose Arrangement (SPA) 1925, the syndicate is set to begin underwriting on January 1, 2027. The launch builds on SPA 1925’s successful track ... Read the full article
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