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.
Beat Capital to merge with Paraline UK
23rd August 2018
It's been announced that Beat Capital Partners and Paraline UK are to merge in order to enhance and further build Beat's platform in an effort to support independent underwriting businesses. Following the merger, Beat, a Bermuda domiciled insurance holding company, will join Neon Holdings Ltd. as a strategic investment partner of ... Read the full article
London to remain global re/insurance hub post-Brexit, but stronger headwinds exist: A.M. Best
20th August 2018
Despite a lack of clarity surrounding the UK's Brexit vote and what implications this might have for UK insurers and reinsurers, A.M. Best expects London to remain one of the world's leading European insurance hubs, but does warn of headwinds that continue to pressure the region's re/insurance industry. UK insurers ... Read the full article
Lloyd’s syndicates hit by further loss creep
17th August 2018
Data from the specialist Lloyd's of London insurance and reinsurance marketplace, reveals that the most recent syndicate projections for the 2017 year of account (YoA) includes further loss deterioration in Q2, at the mid-point. According to the data, which details Lloyd's syndicates' capacity for the 2017 YoA and both the best ... Read the full article
Lloyd’s agencies back alternative capital expansion: LMA survey
16th August 2018
An overwhelming majority of Lloyd’s managing agents support the continued use of alternative capital in the re/insurance market and believe that insurance-linked securities (ILS) transactions will expand beyond natural catastrophe risks, according to a survey by the Lloyd’s Market Association (LMA). The LMA’s poll of senior executives from 25 managing agencies ... Read the full article
Aspen ceases underwriting certain lines at Lloyd’s, cost a factor
13th August 2018
Aspen Insurance Holdings is to stop underwriting international professional indemnity (PI), marine hull, and aviation insurance at Lloyd's of London, with the cost of doing business at the specialist insurance and reinsurance marketplace being a factor. Speaking during the insurer and reinsurer's second-quarter 2018 earnings call, Chief Executive Officer (CEO), Chris ... Read the full article
Nephila Capital approved to establish Lloyd’s managing agency
7th August 2018
Nephila Capital, the world’s largest insurance-linked securities (ILS) investment manager, has announced that it has received approval from the Lloyd’s Board (previously called the Franchise Board) to form its own managing agency. Nephila’s Syndicate 2357, which is backed by funds managed by Nephila, has been managed by Asta, a third party ... Read the full article
UK businesses must raise Brexit concerns: ex-Lloyd’s Chairman Nelson
2nd August 2018
John Nelson, former Chairman of Lloyd’s, has said that it is incumbent upon UK businesses to air their concerns about the trade implications of Brexit, and has argued that the country is dangerously unprepared for its split with the European Union (EU), according to This is Money. In an interview with ... Read the full article
Beazley launches new Lloyd’s consortium for U.S wage & hour risks
26th July 2018
Specialist insurer Beazley has launched a new consortium at Lloyd’s to provide increased capacity for wage & hour risks and to expand the range of choices available to U.S organisations. The Concorde Consortium will underwrite risks on a surplus lines basis, building on Beazley’s existing expertise in employment practices liability (EPL), ... Read the full article
Report urges re/insurers to engage with synthetic biology sector: Lloyd’s
26th July 2018
A new emerging risks report from the specialist Lloyd's of London insurance and reinsurance marketplace and Drs John Heap and Karen Polizzi of Imperial College London, urges re/insurers to engage with the expanding synthetic biology sector to support the development of new technologies and new risk transfer solutions. In recent times, ... Read the full article
Growth of sharing economy requires new insurance solutions: Lloyd’s
19th July 2018
As people increasingly rely on sharing economy platforms to buy services or rent possessions from their peers, significant opportunities are emerging for insurers and reinsurers to adapt traditional coverages to fit the unique needs of this sector, according to a new study by Lloyd’s and Deloitte. Looking at the populations of ... Read the full article
Lloyd’s insurers to experience strong H1 earnings growth: J.P. Morgan
16th July 2018
Lloyd’s insurers are expected to experience strong earnings growth for the H1 season, driven by good underwriting results and low natural catastrophe losses, according to analysts at J.P. Morgan. Analysts expect the H1 earnings season to build on the promising results of Q1, with further topline growth driven by a combination ... Read the full article
Lloyd’s market needs ‘radical change’, says LMA head Gittings
13th July 2018
David Gittings, Chief Executive of the Lloyd’s Market Association (LMA), has called for a “thorough review” of how the re/insurance market at Lloyd’s operates, according to the Financial Times (FT). Gittings told the publication: “I don’t believe Lloyd’s is facing an existential crisis but it needs a thorough review of what ... Read the full article
Lloyd’s reveals new digital distribution platform
11th July 2018
The specialist Lloyd’s of London insurance and reinsurance marketplace has launched a new digital distribution platform, called Lloyd’s Bridge, which is designed to more efficiently connect insurance businesses and entrepreneurs with underwriters from the Lloyd’s market. By matching insurers and underwriters, the online Lloyd’s Bridge platform will enable businesses to underwrite ... Read the full article
Aon and Chubb partner on new terrorism and political violence policy
10th July 2018
Re/insurance broker Aon plc has collaborated with Chubb Limited and Lloyd’s to develop a new stand-alone terrorism and political violence solution, called Platinum, which addresses the demands of an increasingly regulated market. Platinum has been designed for multinational clients looking to fulfil local regulatory requirements in all territories they operate in, ... Read the full article
SCOR consolidates London Market specialty insurance platform, names head
9th July 2018
SCOR Global P&C has revealed plans to consolidate its specialty insurance operations in the London Market into a single business platform, led by Stuart McMurdo, current Chief Executive Officer (CEO) of SCOR UK. SCOR says the new specialty insurance platform will offer either company or Lloyd’s paper or a combination of ... Read the full article
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