NormanMax Syndicate adds Munich Re’s Coyne as executive underwriterNormanMax Syndicate 3939, the parametric natural catastrophe-focused syndicate launched earlier this year, has hired Dominic Coyne from Munich Re as executive underwriter.
ASR bolsters Lloyd’s access with service company statusAfrica Specialty Risks Ltd (ASR) is now operating as a Lloyd’s service company and can underwrite on behalf of ASR Syndicate 2454.
LMA adds Duncan Dale and Sarah Stanford to boardThe Lloyd’s Market Association has added Sarah Stanford, CEO of Aspen UK, and Duncan Dale, CEO of Dale Underwriting Partners, to its board.
New entrants hold key to Lloyd’s reaching $100bn GWP targetThis morning The Insurer has revealed Santam as the latest in a series of international carriers to be linked with a move into the Lloyd’s market amid a drive by the Corporation’s CEO John Neal to attract big names from across the insurance world to One Lime Street.
Canopius puts space portfolio into run-offCanopius has ceased writing new space business and has placed the portfolio into run-off.
FCA warns on lingering cultural issues ahead of publishing misconduct probeThe UK Financial Conduct Authority is set to imminently publish the results of its probe into non-financial misconduct within the London market and wider financial services sector, with warnings that some areas continue to face cultural issues.
Helios posts £10.8mn underwriting result for H1 2024Helios Underwriting has revealed it plans to strategically reduce new syndicate participations for 2025 to better navigate the underwriting cycle.
Investor experience does not match expectation at Lloyd’s: LMA-Aon reportInvestors have called on Lloyd’s to improve the onboarding process and increase transparency around access to data, according to a report by the Lloyd’s Market Association and broker Aon.
Lloyd’s supports changes to PRA managing agency oversightLloyd’s has welcomed the support and challenge it receives from the Prudential Regulation Authority after the regulatory body issued proposals to modify categorisation of managing agents and “enhance” cooperation with the Corporation.
Dale Underwriting names Daniel as global property reinsurance headDale Underwriting Partners – the trading name for Syndicate 1729 – has appointed Paul Daniel as head of global property reinsurance.
Lloyd’s partners with World Bank agency to reinsure private capital guaranteesLloyd’s has penned a formal partnership with the Multilateral Investment Guarantee Agency of the World Bank Group to boost guarantees to $20bn by 2030.
Neal warns consequences for managing agents that fail to address cultureThose that fail to view culture and inclusion as a core business principle will have to face consequences, Lloyd’s CEO John Neal has warned.
Lloyd’s hails “strong interest” in transition risk for 2025 syndicate business planningLloyd’s has seen “strong interest” in the new transition risk class among syndicate business forecasts for 2025, although chief underwriting officer Rachel Turk underlined that the Corporation is being careful not to get ahead of sustainability-related regulation.
Lloyd’s Turk urges “no room for complacency” in US general liability booksLloyd’s underwriters should not infer forward-looking trends from casualty years during Covid as this does not accurately reflect loss developments related to social inflation, the Corporation’s chief underwriting officer Rachel Turk has warned.
Lloyd’s confirms Charles Roxburgh to replace Carnegie-Brown as chairmanLloyd’s has named former senior British civil servant and McKinsey alumnus Sir Charles Roxburgh as its next chairman, succeeding Bruce Carnegie-Brown.
Lloyd’s adjusts syndicate fee charge to 1% of GWP up to £3bnLloyd’s is set to adjust its syndicate fee structure to introduce a flat charge of 1 percent of gross written premium from 1 January 2025.
PMA confirms 1.1 launch of Awbury Syndicate 2025Polo Managing Agency has confirmed this publication’s previous reporting that Awbury Group has received in-principle approval from Lloyd’s to launch Syndicate 2025 on 1 January 2025.
Awbury receives approval for Polo-managed Syndicate 2025US-Bermuda carrier Awbury Insurance has received provisional approval to form a 2025 start-up syndicate, becoming the second full new syndicate under management of expansive third-party managing agency PoloWorks, The Insurer can reveal.
Roxburgh in pole position for Lloyd’s chairman roleFormer senior British civil servant and ex-McKinsey executive Sir Charles Roxburgh has emerged as the frontrunner to become the next Lloyd’s chairman, according to multiple sources.
James bringing “greater transparency” to Velonetic: Blueprint Two discussion in Monte CarloInsurance market participants and technologists defended the end goals of Lloyd’s Blueprint Two initiative during an informal event at this year’s Rendez-Vous in Monte Carlo, which took place amid concerns over the potential for further delays.