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.
Convex ‘looking forward’ to bringing new business to Lloyd’s with Syndicate 1984
14th February 2025
Convex Group, the international specialty insurance and reinsurance company, has announced its entry into the Lloyd's marketplace after the receipt of in principle approval to launch Syndicate 1984, expected to begin underwriting in April 2025. The new Lloyd's Syndicate, which will underwrite some reinsurance of Convex as well as selected lines ... Read the full article
Aviva accelerates Probitas integration with launch of two new lines on Lloyd’s market
6th February 2025
Two new lines of business from Aviva’s Global Corporate & Specialty (GCS) division—Political Violence and Terrorism (PVT) and Accident and Health—are now available on the Lloyd’s market through Probitas. This expansion further accelerates Aviva’s GCS business and marks another significant step in the company’s strategic integration of Probitas following its ... Read the full article
Alexandra Cliff to replace Burkhard Keese as Lloyd’s CFO
30th January 2025
Alexandra Cliff is set to take over from Burkhard Keese as Chief Financial Officer (CFO) of the specialist Lloyd's insurance and reinsurance marketplace on May 1st, 2025. The appointment is part of a long-established succession plan, with Cliff having served as Deputy CFO since November 2022. She currently serves on the Lloyd's ... Read the full article
DIFC and Lloyd’s partner to develop future talent in the insurance sector
22nd January 2025
DIFC Academy, the educational platform of the Dubai International Financial Centre (DIFC), has signed a Memorandum of Understanding (MoU) with the specialist Lloyd’s re/insurance marketplace to support the development of future talent in the insurance sector. This partnership will expand the reach of Lloyd’s Academy, an educational platform for risk professionals ... Read the full article
Lloyd’s London Bridge investment platform hits capital deployment of $1.92bn in 2024
20th January 2025
At the end of 2024, Lloyd’s London Bridge risk transformation platform reportedly reached a capital deployment milestone of $1.92 billion, alongside $2.55 billion committed from institutional investors. As per a new announcement from the leading marketplace for insurance and reinsurance, eight Lloyd's managing agents are now actively utilising the London Bridge ... Read the full article
ASR as first African-focused Lloyd’s service company in Mauritius
16th January 2025
Africa Specialty Risks (ASR), a re/insurance group focused on Africa and the Middle East, has announced that Africa Specialty Risks Mauritius is now operating as a Lloyd’s service company, enabling it to underwrite business in Mauritius on behalf of Syndicate 2454. This development makes ASR the first Lloyd’s service company based ... Read the full article
Lloyd’s unlikely to have much direct insurance exposure to California wildfires
16th January 2025
According to a new report from Alpha Insurance Analysts Limited, Lloyd’s is unlikely to have much direct insurance exposure to the California wildfires, other than through some specialist high value homes property binders. As per new estimates, the LA wildfires are set to cause economic losses as high as $275 billion ... Read the full article
LMA to increase focus on North American market in 2025: CEO Sheila Cameron
15th January 2025
Sheila Cameron, CEO of the Lloyd’s Market Association (LMA), has announced that the organisation will focus more on the North American market. Cameron highlighted that North America has long been crucial to the premium volumes and profitability of the Lloyd’s market, with the US and Canada currently accounting for 58% of ... Read the full article
LMA introduces framework to help Lloyd’s insurers manage lesser-known cyber risks
14th January 2025
In its new report, the Lloyd’s Market Association (LMA) presents a framework to help Lloyd’s insurers manage exposure to lesser-known systemic cyber risks. Chris Mather, Senior Executive, Technical Underwriting at the LMA, explains that the framework assesses the aggregation potential in "other cyber" scenarios. While systemic risks like the failure of a ... Read the full article
Lloyd’s appoints Alexander Baugh as new Council member
13th January 2025
Lloyd’s, a marketplace for insurance and reinsurance, has announced the appointment of Alexander Baugh as an independent nominated member of Lloyd’s Council, Chair of Lloyd’s Risk Committee, and a member of Lloyd’s Audit Committee. Neil Maidment, the current Chair of Lloyd’s Risk Committee, will step down from Lloyd’s Council at the ... Read the full article
LMA focuses on digitisation, regulatory advocacy, and talent development in 2025 priorities
9th January 2025
The Lloyd’s Market Association (LMA) has announced its strategic priorities for 2025, aiming to ensure that Lloyd’s, a market for commercial and specialty insurance, maintains its global position. Lloyd’s operates as a hub for insurance syndicates and brokers, providing coverage for a wide range of complex risks across the globe. The LMA ... Read the full article
John Neal to depart Lloyd’s in 2025 and join Aon as Global CEO of Reinsurance
8th January 2025
Lloyd’s, the world's oldest insurance and reinsurance marketplace, announced that its Chief Executive Officer (CEO), John Neal, will step down in 2025 to join broking group Aon as Global CEO of Reinsurance and Global Chairman of Climate Solutions. His departure marks a significant transition for both organisations, reflecting Neal’s influence and ... Read the full article
Lloyd’s welcomes UK Government’s Industrial Strategy Advisory Council for inaugural meeting
18th December 2024
Lloyd’s, a marketplace for insurance and reinsurance, recently hosted the inaugural meeting of the UK Government’s Industrial Strategy Advisory Council (ISAC) at its headquarters in London. The meeting brought together UK Chancellor of the Exchequer Rachel Reeves and Secretary of State for Business and Trade Jonathan Reynolds at the historic Lloyd’s ... Read the full article
Somers receives approval for Lime’s inaugural Syndicate 3705
16th December 2024
Lime Syndicate Management Limited (Lime), the wholly owned subsidiary of Somers Group Holdings Ltd., a global specialty property and casualty (P&C) reinsurance group, has received all regulatory approvals to operate as a Lloyd's Managing Agent. Lime’s first syndicate under management will be Somers 3705. Somers 3705 will commence underwriting on January 1, ... Read the full article
ConnectUW to take ownership of Lloyd’s box 356
16th December 2024
ConnectUW Holdings (ConnectUW), the parent company of Connect Underwriting Limited and other specialist reinsurance MGAs, has announced it will take ownership of Lloyd’s box number 356 starting December 23, 2024. Located in the company market section on Gallery 3, ConnectUW will initially provide facultative reinsurance for global property, energy, and war ... Read the full article
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