Legacy firm Marco on why Polo will be a success at Lloyd’sAt a time when many of its more established peers are stumbling, Oaktree Capital-backed legacy acquirer Marco has nimbly executed a flurry of M&A deals in its first two years.
Lloyd’s extends chairman Bruce Carnegie-Brown’s contract to 2025Lloyd’s has reappointed Bruce Carnegie-Brown as chairman for a third term, effective June 2022 and running to June 2025.
Lloyd’s insurers for sale – what do they reveal about appetite and the cycle?A raft of Lloyd’s insurers are either formally for sale or are discreetly testing buyer appetite. The Insurer looks at the various processes taking place and examines what the outcomes might reveal about investor enthusiasm for Lloyd’s market exposure, performance “turnaround” management and where we sit in the cycle…
Helios grows portfolio 111% and expands retained capacityLloyd’s investment vehicle Helios generated an underwriting profit of £3.4mn ($4.3mn) across its portfolio of underwriting capacity during 2021.
Lloyd’s, IUA and DXC sign $465mn contract extension for blueprint JVLloyd’s has announced a $465mn contract extension to its joint venture with DXC Technology and the International Underwriting Association (IUA), designed to ensure continuity as it works to deliver the market’s digitalisation ambitions.
Lloyd’s appoints Waystone as investment platform operatorLloyd’s has selected Waystone as platform operator for its new investment platform.
NFP working with TigerRisk for FI Lloyd’s line slipNFP’s financial institutions group is working on a Lloyd’s line slip and has engaged TigerRisk Partners to market and negotiate the offering.
Beat Syndicate 4242 victorious in long-running Irma collateral dispute with ILS fund SecurisThe infamous $21.6mn+ reinsurance collateral dispute between Syndicate 4242 and ILS fund manager Securis has finally been resolved after an arbitration hearing appeared to broadly find in favour of the Lloyd’s insurer, The Insurer can reveal.
Leader Gaze leaves Lloyd’s LabEd Gaze, who has been head of the Lloyd’s Lab since 2018, announced today that he will be leaving the innovation hub in August.
Tiernan says Lloyd’s can grow in 2023 “but no room for complacency”Lloyd’s chief of markets Patrick Tiernan said he was confident the market can continue to grow in 2023 amid a “once in a generation period of volatility and uncertainty”.
AmTrust hits back at Premia in High Court RITC case as says costs capped at £1mnAmTrust International has said it is not responsible for any costs in excess of £1mn incurred by Premia and Arch in the reinsurance to close (RITC) of Lloyd’s Syndicate 1861 in its defence against a $6.7mn High Court claim launched by the two parties.
MS AUL hires Compre’s Margetts for strategy teamMS Amlin Underwriting Limited (MS AUL), the Lloyd’s unit of international (re)insurer MS Amlin, has added Compre’s head of Lloyd’s Rob Margetts to its strategy team.
TMK to merge syndicates as it prepares ground for 2023 reinsurance retrenchmentTokio Marine Kiln (TMK) is to merge its flagship Syndicate 510 with the smaller quota share Syndicate 557 as it retrenches from its reinsurance operations.
QBE Syndicate 386 sees 4.4 point deterioration in 2020 YoA forecastQBE Syndicate 386 has seen a 4.4 percentage point deterioration in its latest forecast for the 2020 year of account (YoA).
Lloyd’s star underwriter Trubshaw to hand MAP reins to SmeltLong-serving Syndicate 2791 active underwriter Richard Trubshaw is set to pass over the reins of the role of active underwriter at MAP to underwriting director Chris Smelt in 2023, The Insurer can reveal.
Moody’s: Lloyd’s can sustain underlying performance improvementsLloyd’s can sustain, and potentially improve on, the underlying performance improvements delivered during 2021, according to a new report from Moody’s.
Arch-backed Premia sues AmTrust over RITC of Syndicate 1861Legacy specialist Premia and parent company Arch have filed a $6.7mn High Court claim against AmTrust International for expenses incurred through the reinsurance to close (RITC) of AmTrust’s now defunct Lloyd’s Syndicate 1861, this publication understands.
Hiscox 33 improves syndicate forecast for 2020 YoAHiscox has seen an improvement of just under 1 percentage point in its latest forecast for the 2020 year of account (YoA) for its flagship Syndicate 33.
The Lloyd’s Lab is a worthy experiment in innovation….Mark Huxley, non-executive director of Altus and 40+ year veteran of Lloyd’s explores the importance of the Lloyd’s Lab and explains why internal stakeholders need to pay greater attention if the initiative is to flourish
Coverys brings in GC and Tiger as explores Lloyd’s RITC and managing agency saleUS medical professional liability insurer Coverys is exploring a sale of its managing agency at Lloyd’s as well as a potential reinsurance to close (RITC) of Syndicate 1991 as it undertakes a review of its operations at One Lime Street, The Insurer can reveal.