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.
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
Lloyd’s continues to outperform US & Bermudian peers, reinsurance volatility remains: AM Best
9th September 2024
The Lloyd's market continues to outperform US and Bermudian reinsurers on loss experience, however underwriting performance remains subject to volatility due to its exposure to catastrophe risks and long-tail lines of business, according to a new report from AM Best. AM Best's report, which was published at the start of the ... Read the full article
Oak Re Syndicate 2843 gets Lloyd’s approval to commence underwriting
8th September 2024
Oak Reinsurance and Polo Managing Agency Limited (PMA), a PoloWorks company, have announced that Oak Re Syndicate 2843 has received Lloyd’s ‘in principle’ approval to commence underwriting from 1 January 2025. Paul Andrews, Chief Executive Officer of PoloWorks and PMA, commented on the news, “We are honoured to have partnered with ... Read the full article
Lloyd’s continues to see the makings of a super cycle: CEO John Neal
5th September 2024
John Neal, Chief Executive Officer (CEO) of the specialist Lloyd's insurance and reinsurance marketplace, said earlier today that there's no reason for price to significantly change, and that the market still sees the makings of a super cycle amid stable underwriting and capital conditions. After releasing an impressive set of ... Read the full article
Industry-leading performance has underpinned our ability to innovate: Lloyd’s Neal
5th September 2024
After achieving its best interim combined ratio since 2007 in the first half of the year, Lloyd's CEO, John Neal, has emphasised that this industry-leading performance has underpinned the firm's ability to innovate and design the solutions its customers, businesses and governments need to manage their risks and balance ... Read the full article
Lloyd’s reports strong H1’24 combined ratio as profit rises to £4.9bn
5th September 2024
Lloyd's, the world's oldest insurance and reinsurance marketplace, has reported a 24%, or £600 million year-on-year rise in underwriting profit to £3.1 billion for the first half of 2024, as the market produced its best interim combined ratio since 2007 of 83.7%. In 2023, Lloyd's achieved its best underwriting result ... Read the full article
Lloyd’s renews central fund insurance, gets FSR upgrade by AM Best
7th August 2024
The world's oldest insurance and reinsurance marketplace, Lloyd's, has had its financial strength rating (FSR) upgraded to A+ (superior) from A (excellent) by AM Best, as Chief Financial Officer (CFO) Burkhard Keese confirms the early renewal of the central fund insurance in 2024. Additionally, ratings agency AM Best has revised the ... Read the full article
Carbon Underwriting announces Lloyd’s approval for Syndicate 5757 launch
23rd July 2024
Carbon Underwriting Limited (Carbon), an independent managing general underwriter and Lloyd’s syndicate CBN 4747, has announced that Lloyd’s, the insurance and reinsurance market, has granted approval for the launch of Syndicate 5757, effective 1 January 2025. This marks a significant development as it introduces Carbon’s second syndicate at Lloyd’s, expanding its ... Read the full article
Lloyd’s insurers expected to be on track to achieve FY guidance: JP Morgan
15th July 2024
JP Morgan has estimated some changes for the Lloyd’s insurers ahead of the first half of 2024 (1H24) results, including the expectation that the companies are well on track to achieve their 2024 guidance. “We expect the Lloyd’s insurers to be well on track to achieve their FY guidance with 1H24 ... Read the full article
AXA tops list of largest European insurers ranked by GPW
9th July 2024
When ranked by gross premiums written (GPW) in 2022, global insurer AXA tops the list of the largest European insurance companies with US$106.1 billion. AXA also recorded $42.3 billion in capital & surplus from the same year. Based on data from ratings agency AM Best, our directory of ... Read the full article
Lloyd’s unveils members of Inclusive Futures Coalition
9th July 2024
Lloyd’s, the global insurance and reinsurance marketplace, has announced the members of the Inclusive Futures Coalition, which targets meaningful and lasting change by enabling Black and ethnically diverse individuals to participate and progress from the classroom to the boardroom. The new initiatives were designed based on the feedback of over 250 ... Read the full article
Helios names AEGIS’ Chambers as Independent Non-Exec Director
4th July 2024
Lloyd’s focused investment vehicle Helios Underwriting has appointed John Chambers, former AEGIS executive, to its Board as an Independent Non-Executive Director. He brings considerable experience across all aspects of running a regulated insurer, from business planning through underwriting management to risk management, as well as financial and regulatory reporting. Prior to his ... Read the full article
Lloyd’s unveils new Canadian Core Fixed Income Solution
27th June 2024
The world’s leading marketplace for insurance and reinsurance, Lloyd’s, has unveiled a new Canadian Core Fixed Income Solution on the Lloyd’s Investment Platform. According to Lloyd's, the new fund is designed to enhance investment outcomes within the Lloyd’s market’s Canadian fixed income allocation. "The solution offers efficient access to a broad asset ... Read the full article
Re/insurance sector has to be ambitious amid expanding risk environment: Carnegie-Brown, Lloyd’s
26th June 2024
Speaking earlier today in London during Marsh McLennan's Rising Professionals’ Global Forum 2024 event, Bruce Carnegie-Brown, Chairman, Lloyd’s, distilling down on the scope of risk, said that "the greatest challenges of our time are climate change, evolving cyber and technology risks, geopolitics and political violence and financial risk." According to Carnegie-Brown, ... Read the full article
LMA backs postponement of cutover date for Blueprint Two
21st June 2024
Sheila Cameron, CEO of the Lloyd's Market Association (LMA) has noted that it welcomes the decision by Velonetic, supported by Lloyd’s Council, to postpone again the cutover date for Blueprint Two, which was "taken in light of the reality that delays in testing have meant that it is no longer ... Read the full article
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