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.

Antares receives Lloyd’s approval for 16% stamp increase in 2023

26th October 2022

QIC subsidiary Antares Managing Agency has announced that Antares Syndicate 1274’s 2023 business plan has received formal approval from the Lloyd’s Capital and Planning Group. Syndicate 1274’s Syndicate Business Forecast includes a 16% increase in stamp capacity for 2023 from £310mn to £360mn. The increase reflects the current market environment, says Antares, ... Read the full article

Helios well placed ahead of ‘really hard’ market: Hanbury and Manners

25th October 2022

Despite a couple of headwinds, Helios increased its capacity portfolio to £233 million for the 2022 underwriting year, and management is confident about the prospects and future profitability of the firm ahead of further market hardening. In late September, Helios Underwriting, the Lloyd’s focused investment vehicle, reported a significant rise in ... Read the full article

Infrastructure projects the biggest opportunity in LatAm, says Lloyd’s head

13th October 2022

Despite geopolitical and economic challenges putting some businesses off investing in Latin America, Daniel Revilla, Lloyd’s regional head of Latin America and the Caribbean (LAC), sees plentiful opportunities for underwriters and brokers with specialist expertise and an appetite for risk. ”Infrastructure investment is where I see the biggest opportunity for Lloyd’s,” ... Read the full article

Lloyd’s & Aon call for more re/insurance industry support on Ukraine conflict risks

13th October 2022

A new report from the specialist Lloyd's insurance and reinsurance marketplace and Aon, the global re/insurance brokerage, highlights a number of areas and risks that require further action from the industry to help improve resilience as the war in Ukraine continues. With Russia's invasion of Ukraine showing little sign of ending ... Read the full article

Lipman outlines opportunities for development in Lloyd’s Canada market update

12th October 2022

Marc Lipman, Attorney in Fact in Canada for Lloyd’s Underwriters and president of Lloyd’s Canada, provides a market update outlining opportunities for growth and development in the region's (re)insurance sector. At the end of 2021, premium income to Lloyd’s from Canada grew by 22%, with Lipman noting that Lloyd's underwrote over ... Read the full article

Lloyd’s to collaborate on space sustainability initiative

7th October 2022

In partnership with Lloyd’s Market Association (LMA), Lloyd’s has announced it will collaborate with the UK Government and industry experts on the development of the Earth & Space Sustainability Initiative kitemark. At the same time, it is also launching ‘Our Fragile Space’ exhibition, led by renowned science communicator and space photographer ... Read the full article

Remediation is bearing fruit at Lloyd’s ahead of 1/1 filled with opportunity: LMA’s Davison

6th October 2022

Following a strong underwriting performance in the first-half of 2022, remediation efforts at the specialist Lloyd’s insurance and reinsurance marketplace are proving successful, which puts the sector in a good position ahead of the important January 1st, 2023, reinsurance renewals. While investment losses dented the market’s overall result for H1, Lloyd’s ... Read the full article

Antares tops JP Morgan’s Lloyd’s Peer Analysis for investment performance

28th September 2022

QIC Group subsidiary Antares has announced that Antares Syndicate 1274 has been ranked first for investment performance based on three-year average investment return over the period from FY 2019 to 2021 according to JP Morgan Asset Management’s Lloyd’s Peer Analysis. According to the firm, it achieved an average annual investment return ... Read the full article

SiriusPoint names Bobby Heerasing Active Underwriter of Lloyd’s Syndicate 1945

26th September 2022

Global specialty re/insurer SiriusPoint has announced that Bobby Heerasing has been appointed Active Underwriter of Lloyd’s Syndicate 1945, effective from September 1st, 2022. Heerasing joined SiriusPoint in October of 2021 and holds over 25 years of market experience. He was previously CEO of Asia Capital Re and a Board member of ACR ... Read the full article

Lloyd’s can’t go around with its head in the sand as reinsurance market shifts: Patrick Tiernan

22nd September 2022

The reinsurance market has materially shifted and requires close attention ahead of the January 1st, 2023, renewals, leading Patrick Tiernan of Lloyd's to warn that the marketplace can't go around with its head in the sand. Tiernan, Chief of Markets at the specialist Lloyd's insurance and reinsurance marketplace, addressed an audience ... Read the full article

Lloyd’s broker Servca makes three senior appointments

16th September 2022

Independent international Lloyd’s broker, Servca, has announced three key appointments to its rapidly growing group. Ian Zammit joins the Servca Board as an experienced Executive Director brought in to head up the company’s newly opened European office in Malta. With over 30 years of industry experience, Zammit brings a wealth of ... Read the full article

Lloyd’s grants ‘in principle’ approval for launch of Flux syndicate 1985

14th September 2022

The specialist Lloyd’s re/insurance marketplace has granted ‘in principle’ approval for the launch of Flux syndicate 1985 that will commence underwriting at the beginning of next year. The news was announced in a joint statement from third-party managing agent Asta and the firm Acrisure. It said that Flux is expected to ... Read the full article

Asta-managed Trium Cyber gets green light from Lloyd’s

14th September 2022

Asta, the leading third-party managing agent at Lloyd’s, has announced that Trium Cyber, a new risk carrier backed by Jim Stanard’s Pelican Ventures, has received ‘in principle’ approval from Lloyd’s. Trium Cyber expects to write $50m of gross premiums during its first year of operations, commencing January 2023. Its executive team includes ... Read the full article

Catalina & Asta receive Lloyd’s approval for new RITC syndicate

13th September 2022

Bermuda-based provider of retrospective reinsurance and capital solutions, Catalina Group and Asta, a third-party managing agent, have received 'in-principle' Lloyd’s approval for a new reinsurance to close syndicate. Managed by Asta, Catalina Syndicate 3232 is aiming to commence accepting business into the 2023 YOA, and will be capitalised through a wholly ... Read the full article

Lloyd’s broker Ramon Intl. opens office in Korea to drive expansion into Asia

13th September 2022

Independent Lloyd’s of London broker, Ramon International has furthered its expansion into global re/insurance markets by announcing the opening of an office in Korea to drive its Asian business. The broker has brought a majority stake in CKI Korea, which is based in Seoul, through its parent company Kastor Holdings Ltd. The deal ... Read the full article