Lloyd's

TMK aims to double size of Lloyd’s Asia portfolio

Tokio Marine Kiln is aiming to double the premium written through its Lloyd’s Asia operation in Singapore by 2027 as part of an ambitious growth drive under Asia Pacific regional manager Pavlos Spyropoulos.

Brit CUO Christiern Dart to step down

Brit’s group chief underwriting officer Christiern Dart is to step down from his position after 17 years of service at the Fairfax Financial-owned carrier.

LIU scales back fundraising to £300mn for new listed Lloyd’s investment fund

London Innovation Underwriters, the Lloyd’s investment fund launched by special purpose acquisition company Financials Acquisition Corp, has confirmed plans to scale back its fundraise to a maximum of £300mn ($365mn).

Beazley names Westinghouse corporate head of strategy

Lloyd’s largest insurer Beazley has appointed Brenna Westinghouse as its corporate head of strategy.

McGovern and Johnson elected to Lloyd’s Council as Brooks and Carter retain seats

Lloyd’s has confirmed the elections of Sean McGovern and Marcus Johnson to its Council membership, as well as the re-election of Andrew Brooks and Vicky Carter as working members.

Lloyd’s Europe chief risk officer Taylor departs

Giles Taylor has departed his role as chief risk officer of Lloyd’s Europe after five and a half years.

Dale names Prebensen as chair of the group board following CVC transaction

Dale Underwriting Partners, the trading name of Syndicate 1729, has appointed Preben Prebensen as independent non-executive chair of the group board.

Keese: Lloyd’s London Bridge 2 has ~$1bn in pipeline

Lloyd’s pioneering transformer vehicle London Bridge 2 has a full pipeline and could secure an additional “$500mn to $1bn” of capital for entry into the Lloyd’s market by the end the year, according to the Corporation’s CFO Burkhard Keese.

Lloyd’s capacity auctions begin with Beazley leading trade volume

The first of Lloyd’s annual capacity auctions saw a total of £92.25mn of capacity across 17 syndicates auctioned for a total value of £38.22mn.

Lloyd’s hands Loadsure delegated claims administrator status

Loadsure has been awarded delegated claims administrator (DCA) status by Lloyd’s, allowing the cargo insurtech to bring its claims handling processes fully in-house.

Oka granted in-principle approval for Asta-managed carbon credit SIAB

Carbon credit insurance start-up Oka has been granted “in principle” approval to launch a Lloyd’s syndicate in a box which is aiming to begin underwriting in January 2024.

Lloyd’s and London market welcome govt U-turn on new reporting standards

The UK government has withdrawn a series of draft regulations which risked upping the regulatory burden on firms, and has announced a fresh package of reforms designed to streamline oversight, in a move welcomed by the London (re)insurance market.

Memorial service for Graham White to take place on 23 October

Family, friends and colleagues of the late Graham White will come together to celebrate the life of the popular Lloyd’s former deputy chairman on Monday 23 October.

Atrium to decide whether Syndicate 609’s 2021 YoA can close in Q1 2024

Atrium has said it will make a decision as to whether there is a “sufficient degree of certainty” to close Syndicate 609’s 2021 year of account in the first quarter of next year.

Cincinnati 318 to enter cargo and construction as 2024 stamp grows by 25%

Cincinnati Global has unveiled plans for Syndicate 318 to enter cargo and construction in 2024 after receiving approval from Lloyd’s to grow its stamp capacity by 25 percent.

Lloyd’s to deny calls for direct financial compensation over role in slave trade: reports

Lloyd’s does not plan to offer direct financial compensation for its role in the global slave trade, according to reports.

Apollo Syndicate 1969 confirms approval for 15.1% pre-emption for 2024

Apollo Syndicate 1969 will operate with a stamp capacity of £610mn for 2024 after having its request for a 15.1 percent pre-emption approved by Lloyd’s.

Lloyd’s “low-likelihood” systemic risk scenario pegs global extreme weather losses at $5trn over five years

The global economic impact of extreme weather events leading to food and water shocks is estimated at $5trn over a five-year period, according to a new systemic risk scenario launched by Lloyd’s.