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.
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
Lloyd’s launches new parametric disaster resilience vehicle in partnership with UNCDF and Aon
24th October 2024
Lloyd's of London, the specialist insurance and reinsurance marketplace, in collaboration with the United Nations Capital Development Fund (UNCDF), has launched a new disaster resilience vehicle that will provide crucial disaster risk financing to Small Island Developing States (SIDS) in the Pacific region. Utilising the global reinsurance market as a source ... Read the full article
LIMOSS extends McKenzie Intelligence contract to improve cat response capability
16th October 2024
McKenzie Intelligence Services (MIS) and London Market Operations & Strategic Sourcing (LIMOSS) have signed a new contract that will give Lloyd’s Managing Agents and associated company market business greater flexibility to access additional services when adopting MIS’ geospatial intelligence platform in 2025. Since 2020, MIS, a geospatial intelligence provider for the ... Read the full article
MIC Global to become Lloyd’s coverholder for Greenlight Re’s Syndicate 3456
11th October 2024
MIC Global (MIC) intends to become a Lloyd’s coverholder of Greenlight Re’s Syndicate 3456 (S3456), subject to applicable approvals, a strategic move that marks a strengthening of the partnership between both companies. MIC is focused on embedding micro insurance solutions for platform businesses, while S3456 is specialised in delivering market-leading insurance ... 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
AEGIS Miner Rescue Consortium launches $25m miner rescue insurance product
9th October 2024
AEGIS London-led Lloyd’s consortium has launched a $25 million insurance product to cover the rescue of miners trapped underground, doubling its available cover from $10 million. The AEGIS Miner Rescue Consortium, is predominantly for hard rock and precious metal mines, both open cast and underground, with a focus on Australia, Canada, ... 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
ASR Ltd. to underwrite for ASR Syndicate 2454 as a Lloyd’s service company
4th October 2024
Africa Specialty Risks Ltd (ASR Ltd), an Africa Specialty Risks entity based in the UK, is to operate as a Lloyd's service company, underwriting on behalf of ASR Syndicate 2454. According to the re/insurance group, this move will enhance ASR's distribution network, with brokers in Africa and the Middle East gaining ... Read the full article
Re/insurance is about confidence giving and public-private partnerships: Lloyd’s CEO
3rd October 2024
The insurance and reinsurance industry is about confidence giving, providing financial protection, and establishing public and private partnerships, according to John Neal, Chief Executive Officer (CEO) of the specialist Lloyd's insurance and reinsurance marketplace. Neal's comments stem from the recent SCOR Live Sessions – The (re)insurer of tomorrow, webinar, which also ... Read the full article
Lloyd’s and the World Bank Group target increased guarantee issuance
26th September 2024
Lloyd's, the specialist insurance and reinsurance marketplace, has partnered with the World Bank Group's Multilateral Investment Guarantee Agency (MIGA) in an effort to boost annual guarantee issuance to $20 billion by 2030. For this initiative to be successful, collaboration with reinsurers will be vital, and the cover provided by the Lloyd's ... Read the full article
Sir Charles Roxburgh named new Chair of Lloyd’s
19th September 2024
Lloyd’s, the world’s oldest insurance and reinsurance marketplace, has announced that Sir Charles Roxburgh KCB will become its next Chair, effective 1 May, 2025. Roxburgh will be succeeding Bruce Carnegie-Brown, who has held the position since 2017. He brings a wealth of experience from both the UK Government and the private sector, ... Read the full article
SCOR Live Sessions – The (re)insurer of tomorrow
19th September 2024
Paris, France-headquartered reinsurer SCOR is hosting a webinar on October 2nd as part of the company's Live Sessions, during which a panel of top industry executives will explore how the insurance and reinsurance industry is preparing to face the future. Registration is open for SCOR Live Sessions ... Read the full article
Amphitrite Underwriting London now an approved Lloyd’s of London coverholder
16th September 2024
Amphitrite Underwriting London, a marine specialist managing general agent (MGA), has received its final approval from Lloyd’s of London to become an approved coverholder. The MGA stated that securing the coverholder status represents a significant milestone in its growth trajectory toward strategic diversification. Konstantinos Tampakakis, Chief Executive Officer of Amphitrite, stated, “This ... Read the full article
Lloyd’s announces changes to modernise its approach to misconduct
12th September 2024
Lloyd’s, the world's oldest insurance and reinsurance marketplace, is planning to introduce a series of changes to modernise and streamline how it addresses misconduct and problematic behaviours in the market, including both financial and non-financial issues. The new framework aims to better align with the internal HR and disciplinary processes of firms, ... Read the full article
Re/insurance industry to play key role in stabilising society in uncertain times: Lloyd’s CEO
9th September 2024
Speaking in PwC's executive breakfast briefing at the 66th Rendez-Vous de Septembre (RVS) in Monte Carlo, Lloyd's CEO John Neal emphasised the critical nature of the re/insurance market, noting that perhaps for the first time ever, it has a massive role to play in stabilising society. The CEO of the specialist ... Read the full article
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