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 Brussels to write proportional treaty reinsurance from March 2019
6th December 2018
The specialist Lloyd’s of London insurance and reinsurance market has confirmed that its post-Brexit European base in Brussels, Belgium will be able to write proportional treaty reinsurance from 1 March 2019. Lloyd’s Brussels, which is due to launch next month, was already set to commence writing and processing facultative reinsurance ... Read the full article
Lloyd’s Lab commences new global search for InsurTech talent
4th December 2018
Lloyd’s Lab, the innovation accelerator launched by the Lloyd’s market in September, has commenced a new global search for its latest cohort of InsurTech talent. The program is hoping to attract entrepreneurs and start-ups that are capable of developing technology driven products, platforms and processes to help overcome the challenges ... Read the full article
Lloyd’s Market Association launches new claims expert platform
29th November 2018
The Lloyd’s Market Association (LMA) has launched its new claims expert management solution and platform for Lloyd’s carriers this week, called Gemini. The platform was developed by the LMA in partnership with Advent Insurance Management Limited, and will be driven by claims professionals from the Lloyd’s market. Gemini will offer Lloyd’s carriers ... Read the full article
Lloyd’s appoints Christian Noyer to Council and Brussels Board
26th November 2018
Lloyd’s has announced that French economist Christian Noyer has been appointed as Non-Executive Director of Lloyd’s Council and as Non-Executive Director of the Lloyd’s Brussels Board, effective from 2 November. Noyer served as the Governor of the Bank of France from 2003 to 2015, and has since held the position of ... Read the full article
Cost of doing business is unsustainable at Lloyd’s: Carnegie-Brown
16th November 2018
The cost of doing business at the specialist Lloyd's of London insurance and reinsurance marketplace isn't a sustainable proposition, and if the market wants to grow and remain relevant to its customers, costs need to come down, according to the Lloyd's Chairman, Bruce Carnegie-Brown. "We have to do a better job, ... Read the full article
Brit’s Mark Allan appointed Chairman of the LMA’s FinComm
13th November 2018
FinComm, the Lloyd's Market Association's Finance Committee, has announced the appointment of Mark Allan as Chairman. FinComm leads on financial issues and requirements that impact Lloyd's of London managing agents and syndicates, and also monitors key financial topics and their expected impact. At the same time, FinComm liaises with Lloyd's senior management ... Read the full article
Arcus 1856 receives Lloyd’s approval for 2019 business plan
13th November 2018
Arcus Syndicate 1856 has announced that the specialist Lloyd's of London insurance and reinsurance marketplace has approved its 2019 business plan. The business plan sees Arcus 1856 keep its focus on all current business lines across its property and specialty portfolio. in addition to this, there will also be an increase ... Read the full article
Lloyd’s Brussels now “officially open for business”: Bruce Carnegie-Brown
13th November 2018
Lloyd’s, the global insurance and reinsurance market, has announced the successful opening of its Belgium insurance company, marking a new chapter in its Brexit preparations. Lloyd’s had announced previously that it was working towards the transfer of all European Economic Area business to Lloyd’s Brussels before the end of 2020 ... Read the full article
‘New realities’ tech presents opportunities for re/insurers: Lloyd’s
1st November 2018
Augmented, virtual and mixed reality technologies are being increasingly used by businesses and will entail a variety of emerging risks that re/insurers can cover, while also allowing them to improve their own products and services, according to a new report by Lloyd’s. Recent estimates suggest that at least 20% of large ... Read the full article
Lloyd’s market has no choice but to reduce costs: AXIS CEO, Benchimol
30th October 2018
The specialist Lloyd's of London insurance and reinsurance marketplace has no choice but to reduce its costs, and the market is taking steps in the right direction to address current challenges, according to the President and Chief Executive Officer (CEO) of AXIS Capital Holdings, Albert Benchimol. "Let's be honest, I don't ... Read the full article
Securis says direct Lloyd’s market participation fails to meet returns
29th October 2018
London-based insurance and reinsurance linked investment manager, Securis Investment Partners, is exiting the specialist Lloyd's of London marketplace as its platforms no longer deliver returns that are required by its investor mandate. The firm has been active in the Lloyd's insurance and reinsurance market for some years now, as a provider ... Read the full article
Charles Taylor Managing Agency puts Syndicate 1884 into run-off
19th October 2018
Charles Taylor Managing Agency has announced that it has placed Syndicate 1884 into run-off, following the decision of the syndicate’s capital provider to withdraw from the Lloyd’s market for the 2019 underwriting year. The company said that it believes there will be increased demand for live and run-off syndicate management capabilities ... Read the full article
Lloyd’s welcomes new CEO John Neal
15th October 2018
John Neal has today been welcomed by Lloyd’s as its new Chief Executive Officer; he replaces Inga Beale who has led the specialist re/insurance marketplace for the past five years. Neal, whose appointment was approved unanimously by a meeting of the Council of Lloyd’s, most recently served as Group CEO of ... Read the full article
Chairman of LIIBA welcomes Lloyd’s post-brexit claims commitment
12th October 2018
The Chairman of the London and International Insurance Brokers' Association, Roy White, has welcomed Lloyd’s announcement that the market will honour valid claims in the event the UK leaves the European Union with no transition or implementation period. White stated that LIIBA welcomes the publication of the Lloyd’s statement of ... Read the full article
Lloyd’s commits to pay all valid claims in no-deal brexit scenario
10th October 2018
Lloyd’s has announced that it is working towards the transfer of all European Economic Area business to Lloyd’s Brussels before the end of 2020 via a Part VII transfer. In the event that the UK leaves the European Union before then with no transition or implementation period, Lloyd’s underwriters will continue ... Read the full article