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.
Aurous Risk Partners secures first Lloyd’s binder
5th April 2019
Aurous Risk Partners , a London-headquartered managing general agency (MGA), has secured its first Lloyd’s energy binder, led by Arcus Syndicate 1856. Through this arrangement Aurous Risk Partners will be able to offer clients capacity within the European Economic Area (EEA) on behalf of Lloyd’s Brussels security and Arcus Syndicate 5330. Aurous ... Read the full article
Lloyd’s reforms were “solid first step” for market profitability: analysts
1st April 2019
The Lloyd’s market reforms supported an initial turnaround in underwriting results and represented a “solid first step” in returning the market to profitability, according to analysts at Keefe, Bruyette & Woods (KBW), although more remains to be done. Lloyd’s return improved by 50% year-on-year in 2018, although the market still ... Read the full article
Lloyd’s performance review to maintain rigour in 2019: Jon Hancock
28th March 2019
The performance review process at Lloyd’s is to maintain the same rigour in 2019 in order to build on the progress achieved last year, although its focus will shift towards encouraging growth and best practice, rather than clamping down on underperformance. This is according to Performance Management Director Jon Hancock, who ... Read the full article
Lloyd’s CEO targets more efficient, successful marketplace
27th March 2019
John Neal, the Chief Executive Officer (CEO) of Lloyd's of London has outlined a number of potential ideas for building a more efficient and successful insurance and reinsurance marketplace. In an ever-changing and rapidly advancing world, underpinned by technological advances and increased interconnectedness, the Lloyd's market is striving for increased efficiency. The ... Read the full article
Cats drive £1 billion market loss at Lloyd’s for 2018
27th March 2019
The specialist Lloyd's of London insurance and reinsurance marketplace has announced an aggregated market loss of £1 billion for 2018, driven by a volatile investment environment and a costly year for natural catastrophe events. The £1 billion aggregated market loss compares with a loss of £2 billion a year earlier. A ... Read the full article
Lloyd’s outlines plan to address sexual harassment in the market
26th March 2019
Insurance and reinsurance marketplace Lloyd’s of London has outlined a new plan of action to address reports of sexual harassment in the market and create a “safe and inclusive” working environment. The new proposals are intended to increase reporting, impose strong sanctions on inappropriate behaviour, and promote better understanding and awareness ... Read the full article
China Re launches renewable energy consortium at Lloyd’s
11th March 2019
China Re Corporation has announced the launch of a renewable energy consortium at Lloyd’s, focused on reinsurance for the construction and operation of offshore wind farms in mainland China. China Re’s Syndicate 2088 manages and co-leads the consortium alongside Canopius Syndicate 4444 and Travelers Syndicate 5000. It is also supported Chaucer Syndicate ... Read the full article
Sustained underwriting discipline, seamless digitisation top priorities for the LMA in 2019: CEO Cameron
28th February 2019
Sheila Cameron, the Chief Executive Officer (CEO) of the Lloyd's Market Association (LMA), has underlined the pursuit of seamless digitisation and achieving sustained underwriting discipline as top priorities for the LMA in 2019. Cameron outlined the LMA's priorities for 2019 to CEOs from across the Lloyd's of London managing agency community ... Read the full article
Lancashire to write post-Brexit business through Lloyd’s Brussels
15th February 2019
Specialty insurance and reinsurance group Lancashire Holdings intends to use Lloyd’s recently established European hub in Brussels to write business after the UK leaves the European Union, according to reports from Reuters. Speaking in an interview with the publication, Alex Maloney, Chief Executive Officer (CEO) at Lancashire, said: “We have negotiated ... Read the full article
Ascot & Beazley launch tech-driven cargo consortium at Lloyd’s
12th February 2019
Ascot and Beazley have partnered on the launch of a new Lloyd’s based cargo consortium that uses insurtech solutions to help manage risk and claims performance. The A2B consortium, which aims to cement Lloyd’s position in the global cargo market, brings together a range of carriers to provide a maximum of ... Read the full article
LMA’s Sheila Cameron calls for seamless, digital London re/insurance market
7th February 2019
The Chief Executive Officer (CEO) of the Lloyd's Market Association (LMA), Sheila Cameron, has urged for the establishment of a seamless, digital re/insurance marketplace in London. Addressing an audience at the Insurance Network's TINtech conference, Cameron called for a digital market where processing tasks are linked seamlessly, which in turn would ... Read the full article
Lloyd’s names David Duclos as Non-Exec Chairman of Global Network
6th February 2019
Insurance and reinsurance marketplace Lloyd’s of London has confirmed the appointment of David Duclos as Non-Executive Chairman of Lloyd’s Global Network, effective immediately. In this role, Duclos will serve as a key advisor in the development of Lloyd’s international network. He has more than 40 years’ experience in the international re/insurance industry, ... Read the full article
PPL adoption exceeds targets at Q4 2018, reports Board
5th February 2019
The Board of Placing Platform Limited (PPL) has released new data for the fourth quarter of 2018 showing that adoption levels among both Lloyd’s syndicates and International Underwriting Association (IUW) companies exceeded targets. Syndicates accepted an average of 39% of in scope risks through electronic placement in Q4, while IUW companies ... Read the full article
Lloyd’s will complete transfer to Brussels by 2020, says Brexit Director
31st January 2019
Insurance and reinsurance marketplace Lloyd’s of London is expecting to have completed the transfer of policies to its new Brussels subsidiary by the end of the Brexit transition period in 2020, according to Hayley Spink, Director of Lloyd’s Brexit Programme. Speaking as part of a panel at the Fitch Insurance Roadshow ... Read the full article
Lloyd’s CEO to Chair London Market Group’s TOM Steering Board
31st January 2019
John Neal, the Chief Executive Officer (CEO) of the specialist Lloyd's of London insurance and reinsurance marketplace, has been named as the new Chair of the TOM Steering Board, effective immediately. The announcement comes from the London Market Group (LMG), revealing that Neal replaces previous Chair of the Tom Steering Board ... Read the full article
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