Lloyd's has hosted UK chancellor of the exchequer Rachel Reeves and secretary of state for business and trade Jonathan Reynolds to mark the inaugural meeting of the government's industrial strategy advisory council.

Australian MGA Agile has formally launched its Lloyd’s marine offering led by David Hughes, with the newly minted Syndicate 2427 able to deploy a A$10mn ($6.4mn) line size on any one marine risk on a global basis, The Insurer can reveal.

Bruce Carman, CUO at Hive and aviation war expert, estimates the Russia-Ukraine lessor claims could result in a $5-6bn loss for the aviation market, a striking figure that underscores the magnitude of the ongoing legal battle across multiple jurisdictions over stranded Western aircraft in Russia.

AIG has secured participation from Blackstone on its proposed third-party-capitalised Lloyd’s syndicate, which is expected to channel 20-25 percent of certain lines of the insurance giant’s global commercial business, The Insurer can reveal.

The Lloyd's Market Association has called on the Corporation of Lloyd's to continue to reduce the compliance burden associated with financial reporting for market participants.

Aventum Group-owned specialty (re)insurance MGA Rokstone has acquired a second box at Lloyd’s just six months after announcing its first box.

Chief of markets Patrick Tiernan has said Lloyd's will continue to push for underwriting discipline in 2025, with a focus on delegated authorities, certain casualty lines and managing distribution costs.

Lloyd’s planned GWP is set to rise 11 percent to £65.5bn ($83bn) in 2025 despite the Corporation's more increasingly cautious outlook on the underwriting environment.

Follow-form syndicate Ki is to separate from Brit Insurance and transfer managing agent responsibilities to Asta, The Insurer can reveal.

Specialty (re)insurer Chaucer has received approval to grow the stamp capacity for Syndicate 1084 by 11.1 percent for 2025, making it one of the few Lloyd’s syndicates with capacity of £2bn ($2.5bn) or more, The Insurer can reveal.

Bitcoin specialist AnchorWatch secures Lloyd’s capacity ahead of December launch.

Lloyd'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.

Annex has secured Lloyd’s coverholder status in a move that will allow the flood-focused insurtech MGA to bring a new surplus lines private flood offering for residential properties to market.

Lloyd’s chief of markets Patrick Tiernan has returned to work at 1 Lime Street after taking a leave of absence to undergo spinal surgery.

Lloyd’s 1.1 reinsurance start-up Oak Re Syndicate 2843 expects to write in the region of $300mn GWP in its first year as the business continues to build out its executive and underwriting teams,