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 expands investment horizon with launch of US Direct Lending Fund
15th December 2023
Lloyd’s, the global insurance and reinsurance marketplace, has expanded its investment opportunities with the launch of the US Direct Lending Fund on the Lloyd’s Investment Platform. This new fund provides efficient access to US middle-market direct lending opportunities through a custom-tailored fund structure designed to meet the specific investment needs of ... Read the full article
Helios Underwriting ups capacity for 2024 to £501m
15th December 2023
Helios Underwriting PLC, the Lloyd's investment vehicle, has upped its capacity for 2024 to £501 million, as the company takes advantage of new syndicate opportunities. This 2024 capacity represents a 61% increase from 2023, where total capacity stood at £310 million. According to the firm, the growth has been achieved through a ... Read the full article
McKenzie Intelligence extends provision of geospatial intelligence for Lloyd’s market
15th December 2023
McKenzie Intelligence Services (MIS) and London Market Operations & Strategic Sourcing (LIMOSS), with support from the Lloyd’s Market Association (LMA), have agreed to extend the provision of geospatial intelligence for Lloyd’s market for 2024. MIS is a geospatial intelligence provider for the global insurance industry that has equipped the Lloyd’s market ... Read the full article
AXIS Capital to launch Energy Resilience Syndicate 2050 at Lloyd’s
14th December 2023
Global specialty underwriter and provider of re/insurance solutions, AXIS Capital Holdings Limited, has received in-principle approval from Lloyd’s to establish a new syndicate dedicated to providing capacity for new energy projects. Through Energy Resilience Syndicate 2050, which will have a critical role in supporting the transition to net zero and building ... Read the full article
S&P upgrades Lloyd’s financial strength rating to AA–
13th December 2023
London headquartered insurance and reinsurance marketplace Lloyd’s has announced that S&P has revised its financial strength rating to ‘AA–’; outlook stable, from ‘A+’; outlook stable. According to Lloyd's, the rating upgrade reflects the improvement in its balance sheet strength, which S&P has assessed to be ‘excellent’. The rating agency noted that another ... Read the full article
HPG Members to provide Funds At Lloyd’s to support underwriting capacity
11th December 2023
High Premium Group (HPG) members have clubbed together to provide Funds At Lloyd's (FAL) to support approximately £5 million of underwriting capacity in three Lloyd's Syndicates. The group, led by Dhruv Patel OBE, Deputy Chair of HPG and a Director of the Association of Lloyd’s Members (ALM), used their collective expertise ... Read the full article
Africa Specialty Risks receives ‘in-principle’ approval to launch Lloyd’s syndicate
8th December 2023
Pan-African focused insurer and reinsurer, Africa Specialty Risks (ASR), has now received ‘in-principle’ approval to launch a Lloyd’s syndicate in 2024, which aims to begin underwriting in March 2024 with a focus on underwriting business across Africa. The ‘in-principle’ approval from the Lloyd's Council remains subject to additional financial and operational ... Read the full article
Next phase of Blueprint Two to launch in April 2025: Lloyd’s
7th December 2023
After a request from the Lloyd’s Market Association (LMA) Board, Velonetic and the Lloyd’s marketplace have decided to move the launch date of phase two of Blueprint Two digital services (which includes the Digital Gateway) to April 2025. Earlier this year, it was confirmed that the Blueprint Two digitalisation programme will ... Read the full article
Jonathan May to succeed Amélie Breitburd as Lloyd’s Europe CEO
7th December 2023
Jonathan May, currently Chief Financial Officer (CFO) and Chief Operations Officer (COO) for Lloyd’s Europe, will take over from Amélie Breitburd as the new Chief Executive Officer (CEO) of the European subsidiary on January 1st, 2024. Breitburd is set to leave Lloyd's Europe (Lloyd’s Insurance Company (LIC), operating from Brussels) on ... Read the full article
Argenta and Helios partner to provide investors unique access to Lloyd’s market
5th December 2023
FCA-regulated adviser to Lloyd’s investors, Argenta Private Capital Limited (APCL), has partnered with Helios Underwriting to provide investors with a "unique way to access the Lloyd’s of London market." APCL explained that this exclusive arrangement with Helios will enable its clients to participate in a portfolio of syndicates, curated by Helios’ ... Read the full article
For cyber to grow at Lloyd’s we must manage our potential risks: Patrick Tiernan
4th December 2023
Speaking at Lloyd's Q4 2023 Market Message, Patrick Tiernan, Chief of Markets, explained that cyber underwriting will remain a key clear focus class of growth for 2024. Tiernan stated that for 2024, plan GDP growth is shy of 20%, which remains on par with the growth that Lloyd's witnessed in 2023. He ... Read the full article
Lloyd’s Europe names Hanna Norumhas as the General Representative for Norway
1st December 2023
Hanna Norumhas has been appointed as the General Representative for Norway, by Lloyd’s Insurance Company S.A. (Lloyd’s Europe). This appointment follows the retirement of Espen Komnaes, and is effective starting December 1st 2023. Most recently, Norumhas served as a Partner at Advokatfirmaet Berngaard AS, previously she has also served as the Senior ... Read the full article
Howden unveils primary cyber & technology E&O facility with Lloyd’s
24th November 2023
Global broker Howden has announced that it has launched a new primary cyber and technology errors & omissions (E&O) facility. The facility has been developed in conjunction with the Lloyd’s Insurance Company According to the announcement, the product has been designed for a wide range of cyber and technology risks across 14 different ... Read the full article
Lloyd’s announces consultation on roadmap for insuring low-carbon transition
23rd November 2023
The world's oldest insurance market, Lloyd's, has launched a consultation which sets out its proposed approach for the next three years across all areas of sustainability, as it looks to support global ambitions to achieve net zero. The consultation on its roadmap sets out the Lloyd's approach across underwriting, investments, exposure ... Read the full article
Lloyd’s syndicate forecasts showing continuous improvements, says Argenta
23rd November 2023
Lloyd’s has released the updated forecasts for all syndicates’ 2021 and 2022 years of account. Argenta Holdings Ltd., an underwriting and insurance services group operating in the Lloyd’s Market, and a wholly owned subsidiary of reinsurer Hannover Re, states that the forecasts for both underwriting years continues to improve. The company noted ... Read the full article