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.
Antares Global Management Bermuda approved as Lloyd’s coverholder
15th November 2022
Antares Global Management (AGML Bermuda) has received approval from Lloyd’s to operate as a Lloyd’s in-house coverholder. This will enable AGML Bermuda to write Lloyd’s business on behalf of Antares Syndicate 1274 from Bermuda, in addition to the managing agent’s operations in Singapore, Antares Underwriting Asia Pte Limited. Michael van der Straaten, ... Read the full article
It’s a risk to get carried away in a hard market: Lloyd’s CFO Keese
11th November 2022
It's likely the hardest market in reinsurance since the aftermath of 2005, but as Hurricane Ian's impacts accelerate the trend with additional firming anticipated for the months ahead, it's important for underwriters not to get carried away, according to Burkhard Keese, Chief Financial Officer (CFO) of the specialist Lloyd's re/insurance ... Read the full article
Integration process of Lloyd’s European network completed
31st October 2022
Lloyd’s has announced the transfer of Lloyd’s Italian Branch to Lloyd’s Insurance Company (LIC) concluding the integration of the European network into LIC, a post-Brexit move to consolidate Lloyd's European business. The UK’s exit from the European Union meant British insurers like Lloyd’s were no longer able to underwrite EU risks ... Read the full article
Antares receives Lloyd’s approval for 16% stamp increase in 2023
26th October 2022
QIC subsidiary Antares Managing Agency has announced that Antares Syndicate 1274’s 2023 business plan has received formal approval from the Lloyd’s Capital and Planning Group. Syndicate 1274’s Syndicate Business Forecast includes a 16% increase in stamp capacity for 2023 from £310mn to £360mn. The increase reflects the current market environment, says Antares, ... Read the full article
Helios well placed ahead of ‘really hard’ market: Hanbury and Manners
25th October 2022
Despite a couple of headwinds, Helios increased its capacity portfolio to £233 million for the 2022 underwriting year, and management is confident about the prospects and future profitability of the firm ahead of further market hardening. In late September, Helios Underwriting, the Lloyd’s focused investment vehicle, reported a significant rise in ... Read the full article
Infrastructure projects the biggest opportunity in LatAm, says Lloyd’s head
13th October 2022
Despite geopolitical and economic challenges putting some businesses off investing in Latin America, Daniel Revilla, Lloyd’s regional head of Latin America and the Caribbean (LAC), sees plentiful opportunities for underwriters and brokers with specialist expertise and an appetite for risk. ”Infrastructure investment is where I see the biggest opportunity for Lloyd’s,” ... Read the full article
Lloyd’s & Aon call for more re/insurance industry support on Ukraine conflict risks
13th October 2022
A new report from the specialist Lloyd's insurance and reinsurance marketplace and Aon, the global re/insurance brokerage, highlights a number of areas and risks that require further action from the industry to help improve resilience as the war in Ukraine continues. With Russia's invasion of Ukraine showing little sign of ending ... Read the full article
Lipman outlines opportunities for development in Lloyd’s Canada market update
12th October 2022
Marc Lipman, Attorney in Fact in Canada for Lloyd’s Underwriters and president of Lloyd’s Canada, provides a market update outlining opportunities for growth and development in the region's (re)insurance sector. At the end of 2021, premium income to Lloyd’s from Canada grew by 22%, with Lipman noting that Lloyd's underwrote over ... Read the full article
Lloyd’s to collaborate on space sustainability initiative
7th October 2022
In partnership with Lloyd’s Market Association (LMA), Lloyd’s has announced it will collaborate with the UK Government and industry experts on the development of the Earth & Space Sustainability Initiative kitemark. At the same time, it is also launching ‘Our Fragile Space’ exhibition, led by renowned science communicator and space photographer ... Read the full article
Remediation is bearing fruit at Lloyd’s ahead of 1/1 filled with opportunity: LMA’s Davison
6th October 2022
Following a strong underwriting performance in the first-half of 2022, remediation efforts at the specialist Lloyd’s insurance and reinsurance marketplace are proving successful, which puts the sector in a good position ahead of the important January 1st, 2023, reinsurance renewals. While investment losses dented the market’s overall result for H1, Lloyd’s ... Read the full article
Antares tops JP Morgan’s Lloyd’s Peer Analysis for investment performance
28th September 2022
QIC Group subsidiary Antares has announced that Antares Syndicate 1274 has been ranked first for investment performance based on three-year average investment return over the period from FY 2019 to 2021 according to JP Morgan Asset Management’s Lloyd’s Peer Analysis. According to the firm, it achieved an average annual investment return ... Read the full article
SiriusPoint names Bobby Heerasing Active Underwriter of Lloyd’s Syndicate 1945
26th September 2022
Global specialty re/insurer SiriusPoint has announced that Bobby Heerasing has been appointed Active Underwriter of Lloyd’s Syndicate 1945, effective from September 1st, 2022. Heerasing joined SiriusPoint in October of 2021 and holds over 25 years of market experience. He was previously CEO of Asia Capital Re and a Board member of ACR ... Read the full article
Lloyd’s can’t go around with its head in the sand as reinsurance market shifts: Patrick Tiernan
22nd September 2022
The reinsurance market has materially shifted and requires close attention ahead of the January 1st, 2023, renewals, leading Patrick Tiernan of Lloyd's to warn that the marketplace can't go around with its head in the sand. Tiernan, Chief of Markets at the specialist Lloyd's insurance and reinsurance marketplace, addressed an audience ... Read the full article
Lloyd’s broker Servca makes three senior appointments
16th September 2022
Independent international Lloyd’s broker, Servca, has announced three key appointments to its rapidly growing group. Ian Zammit joins the Servca Board as an experienced Executive Director brought in to head up the company’s newly opened European office in Malta. With over 30 years of industry experience, Zammit brings a wealth of ... Read the full article
Lloyd’s grants ‘in principle’ approval for launch of Flux syndicate 1985
14th September 2022
The specialist Lloyd’s re/insurance marketplace has granted ‘in principle’ approval for the launch of Flux syndicate 1985 that will commence underwriting at the beginning of next year. The news was announced in a joint statement from third-party managing agent Asta and the firm Acrisure. It said that Flux is expected to ... Read the full article
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