Lloyd's

LMA names Ascot's Brooks next chairman

The LMA has appointed Andrew Brooks, CEO of Ascot Underwriting its next chairman.

SSL Endeavour expands property team with two hires

Broking house SSL Endeavour has made two appointments to its property team.

Ascot launches US insurance arm

Ascot Group, the Lloyd’s (re)insurer owned by the Canada Pension Plan Investment Board (CPPIB), has launched Ascot Insurance US, following the completion of its previously announced acquisition of two US insurance companies.

Lloyd’s commits to paying claims in ‘no deal’ Brexit

Lloyd’s of London will continue to ‘honour’ its commitments to policyholders and has pledged to continue to pay claims as the prospect of a “no deal” Brexit becomes greater.

Probitas swoops on QBE for financial lines hire

Lloyd’s syndicate Probitas 1492 has appointed Emma James as management liability underwriter in its financial lines team.

Beale: Lloyd’s now “accelerating” Brexit plans

In her last week as CEO of Lloyd’s of London, Inga Beale has revealed the Corporation is “accelerating” its plans for its new Belgian European subsidiary as it fears the prospect of a “no deal” is becoming greater.

Marine market ‘remains in state of flux’: JLT

The marine market in London – and the Lloyd’s marine market in particular - remains in “a state of flux”, according to broking house JLT.

CNA Hardy shutters marine hull book

CNA Hardy has become the latest Lloyd’s carrier to scale back its marine business as it pulls out of the hull market, Re-Insurance can reveal.

Underlying Lloyd’s H1 2018 CR stubbornly above 100%

The challenges faced by Lloyd’s head of underwriting Jon Hancock to restore Lime Street’s underwriting fortunes were highlighted last week when, on an underlying basis, it was revealed Lloyd’s syndicates lost money from underwriting in H1 2018 with an accident year combined ratio of 101.2 percent, analysis by reveals.

Lloyd’s H1 results show there is much work to do

It takes a long time to turn an oil tanker around so no one should be surprised that Lloyd’s “closing the performance gap” initiative had little impact on the market’s H1 results that were published last week.

Canopius: Hurricane Florence an ‘earnings’ event

Top-ten Lloyd’s insurer Canopius has today said the impact of Hurricane Florence was likely to be an “earnings event” for its flagship Syndicate 4444.

Aquiline puts ERS up for sale

Private equity house Aquiline has appointed investment banks Macquarie and Evercore to explore a potential sale of Lloyd’s motor specialist ERS.

Over half of managing agents join centralised DA platform

The London Market Group’s delegated authority platform goes live this week with a reported 60 percent of managing agents already signed up to the service.

Lloyd’s China shrinks by 30 percent in one year

Premiums written on the Lloyd’s China platform have shrunk by 30 percent following the retrenchment by a number of syndicates in the past year.

Outgoing Lloyd’s CFO Parry delays exit

Lloyd’s chief financial officer (CFO) John Parry has extended his contract and will now remain at the Corporation until April 2019.

Axis taps MS Amlin for leading US property reinsurance underwriter

Axis Re has named William Bennett as senior underwriter of property reinsurance on its Lloyd’s platform from rival MS Amlin.

Lloyd’s returns to profit in H1 with 95.5 percent CR

The Lloyd’s market has posted pre-tax profits of £0.6bn for the first six months of 2018, marking a return to profit following the severe catastrophe experience in 2017, which pushed Lloyd’s to a full year £2bn loss, its worst since 2001.

Lloyd’s global reach an advantage in InsurTech ‘arms race’

Lloyd’s global license network and the agility of managing agents are among the characteristics giving Lloyd’s the competitive edge when benefiting from InsurTechs.