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 approves Africa Specialty Risks as coverholder

22nd February 2023

Africa Specialty Risks (ASR), a pan-African focused reinsurance group, has been approved as a coverholder at Lloyd’s, the specialist re/insurance market. This means that ASR will be able to work with Lloyd’s syndicates and manage delegated authorities for specialist lines of business commencing with Political Violence and Terorrism and leverage the ... Read the full article

RiverStone Intl. secures $305m reinsurance layer to support its Funds at Lloyd’s

17th February 2023

Legacy solutions provider, RiverStone International, has secured an innovative $305 million reinsurance layer to support the underwriting of a series of new Lloyd's transactions effective January 1st, 2023. Such transactions include the recently announced reinsurance-to-close and loss portfolio transfer with MS Amlin Underwriting Limited. The new layer is underwritten by newly created ... Read the full article

Lloyd’s broker Ramon Intl. appoints Lee Ellis as Chief Strategy Officer

15th February 2023

Lloyd’s broker Ramon International has appointed Lee Ellis to the role of Chief Strategy Officer, effective immediately. Ellis, who also serves as a board member of Ramon International, will also assume board roles across the international operations and the appointed representative businesses under the Ramon banner. An established figure across the industry, ... Read the full article

Andrew Brooks named Deputy Chair of the Council of Lloyd’s

9th February 2023

Insurance and reinsurance marketplace Lloyd’s has announced the appointment of Andrew Brooks as the new Deputy Chair of the Council of Lloyd’s. Brooks was most recently Chief Executive Officer of Ascot Underwriting, a position which held for a decade and a half. During his time at Ascot, Brooks was an active member ... Read the full article

Marine hull “off Lloyd’s naughty step” as capacity enters market: Miller

6th February 2023

The marine hull line is finally “off the Lloyd’s naughty step” as profitability has returned to the sector following a period of remediation, and is now starting to see capacity growth, according to a recent report by broking group Miller Insurance Services. Hull capacity growth is now evident in some of ... Read the full article

AXA XL hires Cerquenich as Senior Risk Consultant, Marine, UK & Lloyd’s

1st February 2023

AXA XL has appointed Diego Cerquenich as Senior Risk Consultant, Marine, UK & Lloyd’s, effective immediately. He will report to Chris McGuire - Head of Risk Consulting, UK & Lloyd’s while also working closely with Pascal Matthey, Chief Risk Consulting Officer, Marine. Within this role, Cerquenich will work with the Marine Underwriting ... Read the full article

Argenta Private Capital Limited appoints new Board members

31st January 2023

Argenta Private Capital Limited (APCL), an advisor to private investors at Lloyd’s, has appointed several new Board members. Both Kate Tongue and Kevin Jackson have been named board members. At the same time, the firm has also appointed Nick Moore as a non-executive director of APCL. He replaces Andrew Annandale who ... Read the full article

LMA sets out strategic priorities for 2023

31st January 2023

The Lloyd’s Market Association (LMA) has published its Member Manifesto, which announces its strategic priorities for 2023 and includes a focus on supporting members’ alignment with Future at Lloyd’s initiatives. Supported by DXC technology, the LMA plans to help the initiative foster a digitised marketplace, including the adoption of a unified ... Read the full article

The InsurX Exchange opens for all London market brokers and insurers

31st January 2023

Lloyd's Lab alumnus, InsurX, has today announced that its digital capacity exchange for the London insurance market is now live, with an initial capacity commitment to write £20 million of gross written premiums. The InsurX Exchange has been launched to enable the London insurance marketplace to trade smart-follow capacity faster, better, ... Read the full article

Lloyd’s market on the cusp of a new golden era, says JP Morgan

27th January 2023

Analysts at JP Morgan have suggested that the Lloyd’s market is on the cusp of a "new golden era." The analysts state that the Lloyd’s space will continue as a cyclical market, though in 2023, they anticipate the delivery of far stronger returns that won't just rely on "good luck." YTD underwriting ... Read the full article

Coalition gains Lloyd’s coverholder status in UK

26th January 2023

Cyber insurance provider Coalition has announced that its UK business is now trading as an approved Lloyd's coverholder, following its launch into the country in September of last year. Coalition says that the authority from Lloyd's to write and service policies in its marketplace will align its UK offering with ... Read the full article

LMA updates cyber war & operation clauses

25th January 2023

The Lloyd's Market Association (LMA) has updated and replaced a number of its cyber war clauses related to the involvement of states and sovereign actors in cyber attacks and other operations. In particular, the LMA has focused the updates around the use of the term ‘sovereign state’ and how it would ... Read the full article

LIIBA puts modernisation at centre of 2023 agenda

19th January 2023

The London and International Insurance Brokers’ Association (LIIBA) has detailed its new agenda for 2023, which centres around driving modernisation in the London insurance market. LIIBA said that brokers’ participation in the Future at Lloyd’s programme, delivering the new version of PPL and the drive to get people back into Lloyd’s ... Read the full article

Mark Dyson takes on interim role as CEO of Lloyd’s Asia

18th January 2023

Insurance and reinsurance marketplace Lloyd’s has appointed Mark Dyson as Interim CEO of Lloyd's Asia and Country Manager Singapore, taking over from Thomas Haddrill. It was announced last month that Haddrill would depart Lloyd’s for a new role as Head of Broking for the CEEMEA region at WTW. Dyson, who currently ... Read the full article

Lloyd’s to achieve combined ratio of around 95% for 2022 & 2023: S&P

17th January 2023

Analysts at S&P Global Ratings have suggested that the Society of Lloyd's will report a combined ratio of around 95% at the year-end of 2022, anticipating the same for 2023. The rating agency noted that this prediction takes into account Lloyd's combined ratio of 91.4% at half-year 2022, while also considering ... Read the full article