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.
The Lloyd’s capital base can be relied upon post-event: Inga Beale, CEO
12th September 2017
We spoke with Inga Beale, Chief Executive of Lloyd's of London at the Monte-Carlo Reinsurance Rendezvous this week, to discuss the current events affecting the market as well as her views on a number of key market issues. We began by asking what the Lloyd's CEO thinks about the impacts of ... Read the full article
Lloyd’s reinsurance segment suffers losses in 2016: A.M. Best
8th September 2017
Last year proved turbulent for Lloyd's reinsurance segment which saw losses as combined ratios in all three lines of property, casualty and specialty went over 100%, despite Lloyd's attempts to realise combined ratios below 100% with reserve releases and close monitoring of its reinsurance exposures, according to A.M. Best's latest ... Read the full article
Dale receives Lloyd’s approval to set up a Special Purpose Arrangement
31st July 2017
Dale Underwriting Partners, managed by Asta, has received Lloyd's Franchise Board approval to set up a special purpose arrangement (SPA) to support the firm's contingency and specialty property business portfolio. Tom Phillipson will be joining Dale from Swiss Re in September to lead the SPA which is set to begin underwriting business ... Read the full article
Will brokers role in value chain be disrupted by digital? Inga Beale
27th July 2017
As market middle men the role of brokers has come under fire with re/insurers moving further on down the value chain to access risk directly as their revenue and profitability is squeezed by the softening reinsurance market environment, and with the digital revolution disrupting all industry players, the brokers role in ... Read the full article
Evolving business models and risks are “massive opportunity”: Inga Beale
24th July 2017
Lloyd's CEO Inga Beale said in an interview with Pia Tischhauser, a BCG senior partner and the firm’s insurance segment global leader, that as the new digital economy causes businesses in all sectors to re-examine and change business models, an evolving set of risks is emerging that constitute the next ... Read the full article
Lloyd’s introduces new measures for faster post-Market Turning Event response
21st July 2017
Lloyd's has revealed new measures to facilitate faster response in case of a market turning-event (MTE) as it aims to improve market support with "smarter, stronger" oversight. Lloyd’s said it would focus on shortening the review and agreement process of business and capital plans, allowing syndicates to respond more effectively to ... Read the full article
New Dawn Risk Group gets approval to operate as registered Lloyd’s broker
18th July 2017
New Dawn Risk Group Limited, an independent specialist intermediary for non-marine liability and specialty insurance and reinsurance, has been given approval to operate as a registered Lloyd's broker. The approval comes after the group traded for nine years as an appointed representative of Grosvenor Brokers (America) LLC and more recently of ... Read the full article
Lloyd’s seeks 10% headcount reduction in efficiency drive: Beale
26th June 2017
The Corporation of Lloyd's, the body that oversees and supports the Lloyd’s market to ensure efficient operation, will find its headcount reduced by around 10% in the upcoming organisational restructure, Chief Executive Inga Beale said today. In a half-yearly letter to employees and the Lloyd's of London insurance and reinsurance market, ... Read the full article
Lloyd’s needs to address “unsustainable” underwriting performance: Hancock
26th June 2017
John Hancock, the Performance Management Director at Lloyd's of London, warned that the market needs to "address its decline in underwriting performance because the current trend is not sustainable" in a recent speech. Speaking to private or independent capital providers to the insurance and reinsurance market at the Association of Lloyd's ... Read the full article
Lloyd’s managing agent Asta backs launch of Arma Underwriting in Dubai
6th June 2017
Lloyd's third-party managing agent and specialist MGA investor, Asta, announced today that it's set to expand into Middle Eastern and African markets with the opening of Dubai-based Arma Underwriting, last month, after being given the greenlight by regulators. As the approved Lloyd's-backed Dubai coverholder, Arma Underwriting's aim is to develop close relations ... Read the full article
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