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.
Argenta becomes first Lloyd’s managing agent to adopt Send platform across all business lines
16th July 2025
Argenta Syndicate Management Ltd, a Lloyd's managing agency, has successfully rolled out Send’s Underwriting Workbench across every class of business. This makes Argenta the first Lloyd’s managing agent to adopt the Send platform across all business lines, with it now live across Casualty, Marine & Energy, Property, and Specialty, offering 23 ... Read the full article
2024 second consecutive year of ‘very strong’ P&C results for large global reinsurers: Fitch
11th July 2025
According to a new peer group credit analysis, sustained underwriting results and investment income made 2024 the second consecutive year of "very strong" property and casualty (P&C) financial performance in a prolonged favourable market. The insurers in this peer group are some of the largest in the industry, including Hannover ... Read the full article
LMA announces launch of Treasury & Investments Group
9th July 2025
The Lloyd’s Market Association (LMA) has announced the formation of its new Treasury & Investments Group (TIG), a strategic initiative that aims to drive innovation and collaboration across the Lloyd’s market. The TIG will be accountable to the LMA Board, reporting directly to the LMA Finance Committee. Comprising representatives from 17 managing ... Read the full article
Faster approvals ahead for Lloyd’s managing agents under new regulatory agreement
7th July 2025
The regulatory approval process for Lloyd’s managing agents is being streamlined to reduce authorisation times, following an agreement between the Prudential Regulation Authority (PRA), the Financial Conduct Authority (FCA), and the Society of Lloyd’s. Under the changes, the PRA and FCA will reportedly retain their statutory decision-making roles but will make ... Read the full article
Starpeak renews binder with AXA XL’s UK & Lloyd’s business
2nd July 2025
Starpeak, a digital distributor of specialist insurance products, has renewed its long-standing binder arrangement with AXA XL’s UK & Lloyd’s business. The renewal marks the 10th year of their successful partnership, which has significantly contributed to the growth of the sports and leisure insurance sector. The partnership between Starpeak and AXA XL’s ... Read the full article
Lloyd’s approves novation of GIC syndicate 1947 managing agency services to Asta
1st July 2025
Lloyd's, the specialist insurance and reinsurance marketplace, has approved the novation of Indian reinsurer GIC Re's syndicate 1947 managing agency agreement to Davies-owned Asta, effective July 1st, 2025. The agreement relates to both the open and prior years of GIC syndicate 1947 and sees Asta provide a full range of oversight ... Read the full article
Lloyd’s commends removal of Section 899 from US reconciliation bill
30th June 2025
Lloyd’s Chair, Sir Charles Roxburgh, has issued a statement commending the removal of Section 899 from the reconciliation bill by the United States Treasury and Congress, noting that the decision "greatly supports" not only Lloyd’s business in the US but all British companies with interests in the US. Section 899 of ... Read the full article
Concirrus partnership with Lloyd’s syndicates to redefine submission automation in specialty insurance
26th June 2025
Concirrus, a provider of AI-centric insurance solutions, has partnered with one of Lloyd's leading digital syndicates to redefine underwriting performance in the London Market by optimising submission processing, improving risk analytics, and providing real-time portfolio oversight. Through this partnership, the two organisations aim to transform how complex specialty risks are evaluated ... Read the full article
Canopius-sponsored Equus approved as Lloyd’s DCA
25th June 2025
Canopius Managing Agents Ltd (Canopius) has announced that Equus Claims Management Ltd (Equus) has been approved as a Lloyd’s Delegated Claims Administrator (DCA), following sponsorship by Canopius. Equus is a liability adjusting firm specialising in the investigation and handling of equine claims, providing nationwide coverage across the UK. Co-founded by Mark Pilkington ... Read the full article
COPE gets approved as a Lloyd’s Coverholder
23rd June 2025
Cyprus-based reinsurance and travel services firm COPE has been approved as a Lloyd’s Coverholder, a significant step in its global expansion. Established in 2023, COPE described the accreditation as “an exciting new chapter” in its growth journey, granting it access to Lloyd’s renowned international platform and network of trusted experts. Operating across ... Read the full article
Lloyd’s CEO looks to leverage historic brand in era of global uncertainty
2nd June 2025
As Patrick Tiernan steps into his role as CEO of the specialist Lloyd’s insurance and reinsurance marketplace, he has emphasised that the organisation’s primary focus should be on activities that drive sustainable profitability and maintain underwriting discipline throughout the economic cycle. In a new statement, Tiernan observed that trust in ... Read the full article
Lloyd’s unveils new executive team as Tiernan begins role as CEO
2nd June 2025
Lloyd's, the world's oldest insurance and reinsurance marketplace, has announced a number of changes to its Executive Team, effective immediately. This update follows the recent appointment of Patrick Tiernan as Lloyd’s Chief Executive Officer, to whom all the Executive Team will now report. Tiernan commented: “I am pleased to announce the ... Read the full article
Reinsurance & property remain key profit drivers for Lloyd’s syndicates: Howden Re
2nd June 2025
Property and reinsurance lines remain the primary drivers of premium growth and profitability for Lloyd’s of London syndicates, according to a new report from Howden Re. The firm’s latest analysis of Lloyd’s syndicate performance offers a detailed overview of market trends, revealing that property gross written premiums (GWP) among the top ... Read the full article
Inigo, Johnson & Johnson backed Motion Specialty becomes Lloyd’s coverholder
19th May 2025
Motion Specialty has been approved as a Lloyd’s of London coverholder, having been founded by Dan Alpay and Alex Kickham with the support of wholesale US broker Johnson and Johnson, and writing on behalf of Lloyd’s Syndicate 1301, managed by Inigo Ltd. According to a joint announcement from the involved parties, ... Read the full article
Lloyd’s market at a ‘pivotal point’ as new leadership takes helm: LMA CEO
8th May 2025
Sheila Cameron, CEO of the Lloyd’s Market Association (LMA), has suggested that with Patrick Tiernan and Charles Roxburgh appointed as the new CEO and Chair of Lloyd’s, they are stepping in at a "pivotal point" and have a real opportunity to elevate the marketplace at a time when it is ... Read the full article
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