Lloyd's

CVC to acquire majority stake in Lloyd’s insurer Dale Underwriting

Private equity firm CVC Capital Partners has continued to build its insurance portfolio with a strategic investment in Dale Underwriting Partners, which operates through Lloyd’s Syndicate 1729.

SiriusPoint adds Travelers’ Smyth to expand global and Lloyd’s marine offering

SiriusPoint has appointed Stephen Smyth as head of marine and active underwriter of Syndicate 1945, subject to Lloyd’s approval.

Lawson: PoloWorks set to double in size by end of first year

Marco-owned PoloWorks is set to at least double in size by the end of its first year, primarily as a result of service business acquisitions, according to Richard Lawson, CEO of its Polo Commercial Insurance Services (PCIS) unit.

Hampden also mulls new Lloyd’s investment fund as Peel Hunt tests appetite

Hampden Private Capital has joined the flurry of investment managers exploring the creation of a Lloyd’s fund that would back a variety of syndicates trading in the market, The Insurer can reveal.

MS Amlin “out of the pickle jar” as it looks to 1.1 with confidence: Carrier

MS Amlin Underwriting CEO Andrew Carrier has claimed the Lloyd’s (re)insurer is finally “out of the pickle jar” and poised to enter the 2024 renewal period with a renewed risk and growth appetite, following a period of extensive remedial work and shrinkage following heavy losses between 2017-21.

Early Lloyd’s 2024 pre-emptions send positive signal of market opportunities

Pre-emption requests to date for the 2024 underwriting year are sending a bullish signal of the growth opportunity at Lloyd’s, with early business plan forecasts indicating that several syndicates are targeting double-digit increases to their stamp capacity.

The best reinsurance underwriters to follow? It’s all in the data

Markus Gesmann and Quentin Moore examine how class of business performance analysis can enable the building of a superior follow-only portfolio.

Stock market yet to recognise Lloyd’s opportunity

Argenta’s Robert Flach highlights the attractive returns offered by London-listed specialty reinsurers.

Apollo to launch 1.1 cyber re SPA with Envelop Risk

Lloyd’s insurer Apollo is set to launch a cyber reinsurance special purpose arrangement in collaboration with SoftBank-backed MGA and modelling firm Envelop Risk from 1 January 2024.

Probitas 1492 launches SPA for 2024 YoA led by Munich Re Syndicate’s Jodrell

Lloyd’s syndicate Probitas 1492 has launched a special purpose arrangement (SPA) for the 2024 year of account (YoA), led by former Munich Re Syndicate deputy CUO Natasha Jodrell.

FINSAC to test investor appetite with ambitious £1bn new Lloyd’s vehicle LIU

Financials Acquisition Corp is working with Aon, Argenta and various banks to create an ambitious £1bn multi-syndicate investment vehicle.

Beazley’s Cox: Evolution into international specialty carrier fuelled by US property growth

Beazley CEO Adrian Cox hailed the firm’s evolution from a Lloyd’s syndicate to an international specialty insurer as he unveiled further details around how the group’s new US E&S carrier will capitalise on the growth of its expansive North American platform.

John Neal: Lloyd’s has earned the right to grow

Lloyd’s CEO John Neal said the market had “earned the right to grow” after delivering “some of the best numbers seen in decades” during the first half of the year.

Lloyd’s CR improves to 85.2% as UW profit doubles in H1

Lloyd’s has reported a combined ratio of 85.2 percent for the first six months of 2023, with an investment rebound helping the market deliver a pre-tax profit of £3.9bn.

Latest Lloyd’s Lab cohort to focus on climate, cyber and sustainability in Asia Pacific

Twelve new teams have joined Lloyd’s Lab cohort 11 with a focus on the theme of Asia Pacific climate risk, cyber and sustainability.

LMA appoints Jenkin as underwriting director

Former Aon and RFIB executive Elizabeth Jenkin has been appointed underwriting director at the Lloyd’s Market Association.

Lloyd’s ESG update: A step towards forgotten commitments, or more greenwashing?

Environmental activist Lindsay Keenan argues Lloyd’s has an opportunity this month to remedy ESG shortcomings

MAP’s Langridge latest to exit Lloyd’s carrier

Managing Agency Partners’ Paul Langridge has become the latest executive to leave the Lloyd’s insurer, The Insurer can reveal.

Lloyd’s 2021 YoA forecasts improve but Names-backed syndicates continue to lag wider market

Lloyd’s syndicates have continued to improve profit expectations for the 2021 underwriting year with the latest quarterly forecasts showing a market-wide increase in the midpoint return against capacity of 0.8 percentage points.

Helios takes £6mn line on new wildfire Syndicate 1996

Lloyd’s investment vehicle Helios has disclosed midpoint profit forecasts of 4.9 percent and 5.7 percent for its portfolio of syndicate capacity for the 2021 and 2022 YoAs respectively, while confirming a major participation on a new special purpose arrangement which began underwriting on 1 July.

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