NormanMax Syndicate to grow stamp capacity to £108mn in 2025NormanMax Syndicate 3939, the first Lloyd’s syndicate dedicated to parametric natural catastrophe (re)insurance, has been approved to grow its stamp capacity to £108mn ($136.6mn) for 2025, Parametric Insurer can reveal.
Ward returns to Ebix Europe after eight years awayInsurance technology provider Ebix Europe has appointed Jeff Ward as sales director.
Axa XL UK and Lloyd’s marine, energy and aviation CUO Welton departsPeter Welton, Axa XL’s marine, energy and aviation CUO for the UK and Lloyd’s, has departed the business, The Insurer understands.
Lloyd’s to form AI market strategy and review rules-based framework for tech modelsLloyd’s is developing an AI market strategy to examine the risks and opportunities associated with implementing AI and other technology models into underwriting processes, as well as reviewing its principles-based oversight framework.
Lloyd’s poised for structural shift as growth in $5bn “enhanced underwriting” market accelerates: LMAUnderwriting models enhanced by data and digital technologies could drive a “structural shift” in capacity allocation at Lloyd’s, a new report by the Lloyd’s Market Association has said.
MIC Global 5183 active underwriter Campbell resignsMIC Global 5183 active underwriter Mark Campbell has resigned after the syndicate opted to cease underwriting new business in 2025, The Insurer can reveal.
Helios freehold capacity portfolio to shrink in 2024 following auction salesListed Lloyd’s investment vehicle Helios will see its freehold capacity portfolio shrink in 2024 after the sale of £37.8mn ($47.9mn) of capacity at the recent Lloyd’s auctions.
Atrium names Cox to succeed Lee as group COOLloyd's insurer Atrium has unveiled a raft of senior appointments effective 1 January 2025, including James Cox as group chief operating officer.
Lloyd’s moves to outsource internal IT and operations rolesLloyd's is consulting staff on proposals to restructure its data and operations departments under a new organisational model that will result in some roles being outsourced.
Carbon joins ranks of fastest-growing Lloyd’s businesses with combined 2025 stamp of £280mnDelegated underwriting authority specialist Carbon Underwriting has been approved to grow the stamp capacity of its Asta-managed Syndicate 4747 to £190mn for 2025 and is targeting an inaugural £90mn for its US-focused 1.1 start-up Syndicate 5757, The Insurer can reveal.
When Perfect is the enemy of GoodICMR's Markus Gesmann and Quentin Moore question whether the difficulty in launching a new Lloyd's fund comes down to focusing on the wrong aspect.
Envelop combines Bermuda and Lloyd’s underwriting activitiesEnvelop Risk has combined its Bermuda and Lloyd’s underwriting activities into Envelop Underwriting, led by Dom Peters.
Total capacity traded rises to £153.6mn at 2024 Lloyd's auctionsLloyd’s third and final capacity auction saw £28.8mn in capacity change hands across 18 syndicates, bringing the total capacity traded across 2024’s auctions to £153.6mn.
Aspen to keep Syndicate 4711’s stamp flat at £1.3bn in 2025Bermudian carrier Aspen is set to keep the stamp capacity of Syndicate 4711 flat at £1.3bn ($1.68bn) for the 2025 underwriting year, The Insurer can reveal.
Hiscox 33 maintains profit forecasts for 2022 and 2023 YoAsHiscox has maintained its existing profit forecasts for Syndicate 33's 2022 and 2023 open years of account in its latest quarterly update.
Parametrix launches Lloyd’s-backed digital interruption cyber productCyber modelling firm and MGA Parametrix has introduced a Lloyd’s-supported parametric cyber product to cover the cost of digital interruption.
Sir Charles Roxburgh Lloyd’s timings won’t be affected by Washington dutiesLloyd’s chairman-in-waiting Sir Charles Roxburgh will not delay his arrival at One Lime Street next year even if his wife Dame Karen Pierce has her term extended as the UK’s ambassador to the US, according to Lloyd’s sources.
Westfield’s Syndicate 1200 approved to grow 8% in 2025Westfield Specialty’s Syndicate 1200 has had its syndicate business forecast (SBF) for 2025 approved by Lloyd’s in a move which will allow the platform to grow its written premium by 8 percent next year to almost $1bn.
Australian broker Steadfast acquires HW Wood for £23.5mnAustralian broker Steadfast Group has acquired Lloyd’s broker HW Wood Limited and HWI France for a purchase price of £23.5mn ($30.35mn).
Lloyd’s Asia turns 25 as $1bn premium milestone draws closerLloyd’s will celebrate the 25th anniversary of the launch of Lloyd’s Asia in Singapore later today, with the platform set to pass the $1bn premium mark in 2024 having narrowly missed the milestone last year.