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.
Intangible assets a “major blind spot” amid COVID-19: Lloyd’s & KPMG
6th August 2020
The acceleration of digital business models, amplified by COVID-19, could lead to intangible assets becoming a “major blind spot” for companies not factoring them into their risk models. This is according to a new report published by Lloyd’s and KPMG, which urges businesses to pay attention to the new risk landscape ... Read the full article
Lloyd’s creates Syndicate 1796 to insure transportation of COVID-19 vaccine
23rd July 2020
The specialist Lloyd's of London insurance and reinsurance marketplace has announced the creation and in principal approval of Syndicate 1796, a new "syndicate in a box" designed to insure both the storage and transportation of a COVID-19 vaccine once developed to emerging economies. The marketplace's newest syndicate in a box has ... Read the full article
Lloyd’s reveals members of new single governing body
5th June 2020
The specialist Lloyd's of London insurance and reinsurance marketplace has confirmed the members of its newly formed Council, effective June 1st, 2020. In May of last year, Lloyd's proposed the merger of its Franchise Board into the Lloyd's Council as part of its ongoing mission for increased efficiency. Later in the ... Read the full article
Lloyd’s Part VII transfer progresses after High Court strategy approval
26th May 2020
The specialist Lloyd's of London re/insurance marketplace has received approval from the High Court of England and Wales for its Part VII strategy for notifying policyholders about the proposed transfer of its existing European business to Lloyd's Brussels. Lloyd's announced in March of 2017 that it had selected Brussels as ... Read the full article
AIG’s Syndicate 2019 at Lloyd’s approved to commence underwriting
4th May 2020
American International Group, Inc.'s (AIG) previously announced Lloyd's Syndicate 2019 has received approval to commence underwriting. Described by the insurer and reinsurer as a landmark Syndicate, AIG's Syndicate 2019 is the largest ever to be launched through the specialist Lloyd's of London re/insurance marketplace. The Syndicate will exclusively reinsure risks from ... Read the full article
AEGIS London promotes Gemma Burns to Head of Digital Underwriting
1st May 2020
Lloyd’s managing agency AEGIS London has announced the appointment of Gemma Burns as Head of Digital Underwriting. Burns has worked with the firm for the past 20 years and has been promoted into this role on her return from maternity leave. Commenting on her appointment, Burns said, “Returning to work after maternity ... Read the full article
Focus of the Future at Lloyd’s strategy narrows in response to COVID-19
27th March 2020
The Lloyd's of London insurance and reinsurance marketplace has decided to rationalise and narrow the focus of the Future at Lloyd's strategy as it adjusts to the impacts of the global COVID-19 pandemic. Speaking during the Lloyd's 2019 annual results call, executives at the world's oldest insurance market noted the broad ... Read the full article
Lloyd’s confirms inaugural members of Culture Advisory Group
11th February 2020
The specialist Lloyd's of London insurance and reinsurance marketplace has today confirmed the membership of its Culture Advisory Group, established as part of the market's comprehensive action plan to drive long-term culture change across the organisation. The new, independent Culture Advisory Group will provide expert advice and robust challenge to ensure ... Read the full article
Angela Crawford-Ingle joins Lloyd’s Board as Chair of Audit Committee
23rd January 2020
The specialist Lloyd's of London insurance and reinsurance marketplace has announced that Angela Crawford-Ingle has been appointed to its Board, succeeding Richard Keers as Chair of the Audit Committee. Crawford-Ingle's appointment is effective immediately, and sees her also become Lloyd's Whistleblowers' Champion, a role which sees her take oversight of both ... Read the full article
DARAG concludes reinsurance arrangement with Lloyd’s Syndicate
15th January 2020
Legacy acquirer, DARAG Group Limited has today announced the completion of a transaction with a leading Lloyd's of London syndicate, to provide reinsurance for a book of U.S. liability business. Under the terms of the agreement, DARAG'S Malta-based risk carrier, DARAG Malta Insurance and Reinsurance PCC Ltd., will provided the reinsurance. Tom ... Read the full article
Lloyd’s of London’s Jon Hancock to step down in 2020
14th January 2020
The specialist Lloyd's of London insurance and reinsurance marketplace has announced that Performance Management Director, Jon Hancock, has decided to step down in 2020. In 2019, Hancock took the lead on Blueprint One as part of the Future at Lloyd's strategy, designed to modernise the oldest insurance market in the world. His ... Read the full article
Lloyd’s, LMA confirm business lines for modernised syndication pilot
9th January 2020
The specialist Lloyd's of London insurance and reinsurance marketplace, alongside the Board of the Lloyd's Market Association (LMA), has revealed that the pilot classes for the modernised syndication pilot will be Marine Hull and International Casualty Binders. The modernised syndication pilot forms part of the Future at Lloyd's strategy, an ongoing ... Read the full article
Willis Re highlights capacity reduction at Lloyd’s & London renewals
3rd January 2020
Willis Re, the reinsurance arm of global insurance brokerage Willis Towers Watson, has commented on the January 2020 renewals for the Lloyd’s and London reinsurance markets, highlighting a meaningful reduction in capacity. Analysts at Willis Re said that this reduction in overall capacity had come as reinsurers scaled back casualty portfolios ... Read the full article
Victor sets up Lloyd’s Syndicate 2288, names Active Underwriter
10th December 2019
Managing general underwriter (MGU) Victor Insurance Holdings has received approval from Lloyd’s to establish Victor Syndicate 2288 and commence underwriting from January 1, 2020. Victor Syndicate 2288 will launch at Lloyd’s with a stamp capacity of £57 million, supporting a business plan of US $100 million. Jill Frances has been named as ... Read the full article
Lloyd’s raises £300m of senior debt to fund Blueprint One
10th December 2019
Re/insurance marketplace Lloyd’s of London has taken steps to help ensure the successful delivery of its Blueprint One strategy, with the formation of a new committee and raising of £300 million of senior debt. Beginning in 2020, Blueprint One is designed to enhance Lloyd’s value proposition by offering better insurance ... Read the full article
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