Reinsurance News
PoloWorks
PoloWorks expands use of DXC Technology’s Assure Commercial & Specialty
11th February 2026
PoloWorks, a Lloyd’s and London Market insurance services business, has expanded the use of DXC Technology’s Assure Commercial & Specialty following the onboarding of three new Lloyd's syndicates. DXC Technology, the global technology services provider, created Assure Commercial & Specialty as part of its Assure class offerings, providing a cloud-native, API ... Read the full article
India’s Niyam gets in-principle approval to launch Lloyd’s Syndicate 2047
13th January 2026
Newly launched Niyam Group has received in-principle approval from the specialist Lloyd’s re/insurance marketplace to establish Syndicate 2047, which will be managed by Polo Managing Agency (PMA), part of the PoloWorks group, and is expected to start underwriting on April 1st, 2026. The approval marks a significant milestone in the ... Read the full article
Polo Managing Agency launches three new Lloyd’s syndicates
8th January 2026
Polo Managing Agency (PMA), part of the PoloWorks group, has launched three new Lloyd’s syndicates: Atradius Syndicate 1864, Aurora Syndicate 1890, and OAK Enterprise Syndicate 1440 - all of which began underwriting from 1 January 2026. PMA, which serves as the turnkey managing agency for all three platforms, is delivering the ... Read the full article
Polo Insurance Managers launches new Guernsey reinsurer Clockwork Re
15th January 2025
PoloWorks group expands its insurance offerings with the launch of Clockwork Re, a Category 4 Commercial General Reinsurer established in Guernsey by its subsidiary, Polo Insurance Managers (PIM). Founded by Dhruv Patel, Clockwork Re has now been granted regulatory approval from the Guernsey Financial Services Commission (GFSC). The company aims to capitalise ... Read the full article
Oak Re Syndicate 2843 gets Lloyd’s approval to commence underwriting
8th September 2024
Oak Reinsurance and Polo Managing Agency Limited (PMA), a PoloWorks company, have announced that Oak Re Syndicate 2843 has received Lloyd’s ‘in principle’ approval to commence underwriting from 1 January 2025. Paul Andrews, Chief Executive Officer of PoloWorks and PMA, commented on the news, “We are honoured to have partnered with ... Read the full article
Mel Carvill appointed Chairman of Polo Insurance Managers
6th June 2024
PoloWorks, a collective of Lloyd’s and London Market insurance services businesses, has announced the appointment of Mel Carvill as Chairman of Polo Insurance Managers. Mark Elliott, CEO of Polo Insurance Managers, commented: “We are delighted that Mel has joined PIM as Chairman. He brings a level of seniority and experience which ... Read the full article
PoloWorks new MGA incubator to support start-up and established MGAs
13th May 2024
PoloWorks, a Lloyd’s and London Market insurance services business, has announced the launch of Polo MGA, a new Managing General Agent (MGA) incubator. The new offering was created to provide services to both start-up and established MGAs ranging from support with their formation to help with their growth. In some cases this ... Read the full article
Raphael Borrel named Chief Risk Officer of PoloWorks
16th April 2024
PoloWorks, a Lloyd’s and London Market insurance services business, has announced the appointment of Raphael Borrel to the role of Chief Risk Officer (CRO). In his new position, Borrel will be responsible for leading the risk and compliance functions, providing oversight across Polo Management Agency and PoloWorks’ business advisory and outsourced ... Read the full article
PoloWorks and PwC UK enter strategic relationship to create PoloPartners
28th February 2024
PoloWorks, a member of the Marco Capital Group, has launched PoloPartners, a joint venture combining the expertise, capability and experience of PoloWorks and PwC UK. PoloPartners has been created to provide the insurance market with a bespoke, tech enabled, differentiated offering; a unique end-to-end service, as PoloWorks states. According to the firm, ... Read the full article
PoloWorks announces launch of captive manager, Polo Insurance Managers
12th February 2024
Lloyd’s and London Market insurance services provider, PoloWorks, has unveiled captive manager, Polo Insurance Managers (PIM) after the Guernsey Financial Services Commission granted ‘approval in principle’. According to the announcement, PIM will be one of the few independent insurance managers active in Europe. PoloWorks also confirmed that PIM will serve captive, commercial ... Read the full article
Polo Managing Agency enhances client services through partnership with VIPR
30th November 2023
Polo Managing Agency (PMA), a prominent turnkey managing agency at Lloyd’s, has unveiled a collaboration with insurance technology company VIPR. This strategic partnership aims to elevate PMA's managed delegated authority relationships by integrating VIPR’s cutting-edge bordereaux management systems into PoloWorks’s services, the company said. PoloWorks's clients will now have seamless access to ... Read the full article
Polo takes over Coverys Syndicate 1975 as part of Lloyd’s exit strategy
2nd October 2023
Polo Managing Agency Limited (Polo), a prominent independent Lloyd's turn-key Managing Agent, has officially assumed management of Coverys Syndicate 1975. This specialist medical professional lines syndicate is set to transition to Polo's oversight on October 2, 2023. In late 2021, Coverys Managing Agency Limited (Coverys) had made the strategic decision to conduct ... Read the full article
Polo Digital launches to support digitisation of London insurance market
21st September 2023
Lloyd’s and London Market insurance services provider, PoloWorks, has launched Polo Digital, a new digital market offering designed to support Blueprint 2 and the digitisation of the London market. Polo, the trading name of both Polo Managing Agency (PMA) and Polo Commercial Insurance Services (PCIS), explained that the new service will ... Read the full article
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