Lloyd's

Helios to increase underwriting capacity by 191% to £171mn in 2022

Lloyd’s investment vehicle Helios has revealed its capacity for the 2022 year of account will be £171mn ($227mn), a 191 percent increase on its capacity at the start of 2021.

Blueprint II: Legacy non-compete clause draws Lloyd’s and DXC together for 2022 build-out

Outsourcing company DXC Technology benefits from an inviolable contract which prevents Lloyd’s CEO John Neal from pushing ahead with his Future at Lloyd’s transformation plans without the US firm’s consent, The Insurer can reveal.

Nephila secures London Bridge funding to launch Syndicate 2358

ILS fund manager Nephila will finally launch Syndicate 2358 next year after securing capital through the Lloyd’s London Bridge ILS platform.

Chaucer’s Hunt replaces Lines as active UW; Restarick named head of non-marine

Chaucer has confirmed the appointment of Kelan Hunt as active underwriter of its flagship Syndicate 1084, while Paul Restarick has been promoted to head of non-marine insurance as the Lloyd’s carrier restructures its senior management in light of the retirement of Ed Lines and Colin Clulow.

Lancashire launches D&F-focused Australian operation with Argenta’s Kinsella

London-listed Lancashire has opened an operation on the Lloyd’s Australia platform, initially focusing on the direct and facultative commercial property market in Australia and New Zealand.

Lloyd’s visionary architect Sir Richard Rogers dies as market mulls future home

The visionary architect of Lloyd’s headquarters in the heart of the City of London, Sir Richard Rogers, has died aged 88.

OIC Syndicate 2880 secures £33.6mn stamp capacity for first underwriting year

Oman Insurance Company’s start-up Syndicate 2880 will have a stamp capacity of £33.6mn ($44.5mn) for its inaugural underwriting year, The Insurer can reveal.

Brit partners with Lloyd’s to pilot continuous contracts for coverholders

Fairfax-owned Brit is set to pilot the first continuous binders for delegated authorities at Lloyd’s, working with brokers Amwins Global Risks and Bowood on the new initiative.

W/R/B Underwriting hires Patel as senior construction underwriter

WR Berkley’s Lloyd’s business W/R/B Underwriting has appointed Jaymin Patel as senior construction underwriter.

Lloyd’s Insurance Company appoints de Calbiac as Luxembourg representative

Lloyd’s European subsidiary Lloyd’s Insurance Company has appointed Martial de Calbiac as general representative for Luxembourg.

Lloyd’s China shrinking to near irrelevance

When it opened in April 2007, the Lloyd’s China platform was viewed as a key future growth engine for the market.

Ascot sale offers potential valuation litmus test for a top-quartile performer

If Canadian pension fund manager CPP Investments proceeds with the auction of its speciality (re)insurer Ascot it would mark the first time a top-quartile Lloyd’s carrier has been sold for a number of years, analysis by The Insurer shows.

WR Berkley names Markel’s Hastings as next Lloyd’s CEO as Brosnan steps down

WR Berkley Syndicate Management has named James Hastings as its next CEO, with the former Markel International wholesale managing director set to take over the reins from David Brosnan in 2022.

Argenta to withdraw from Lloyd’s China

Argenta Syndicate Management Limited is to exit the Lloyd’s China platform as it continues to reshape its underwriting portfolio.

Ascot hires AIG’s Aitchinson to lead new space launch

Ascot has unveiled plans for a space consortium at Lloyd’s following a trio of senior hires from AIG to lead a new space practice.

Lloyd’s plans return to exposure growth but performance remains number one priority

The message from Patrick Tiernan’s first term overseeing the Lloyd’s business planning process has been consistent with that delivered by the Corporation in recent years, with the relentless focus on performance set to continue.

Lloyd’s plans for 15% top-line growth in 2022 and CR of 95%

Lloyd’s has planned for top-line growth of 15 percent in 2022 with the Corporation supporting net exposure growth for the first time in four years.

Victor confirms run-off for Syndicate 2288

Marsh’s MGU platform Victor has said it will still place a “significant volume” of delegated authority business through Lloyd’s after confirming plans to place Syndicate 2288 into run-off.

Faraday enters energy market with hire of former LSM head Pursey

Lloyd’s insurer Faraday has appointed Richard Pursey to the newly created role of head of energy as the carrier enters the class of business, The Insurer can reveal.

Ki and Beazley Smart Tracker growth adds weight to follow-only model

Digital-driven Lloyd’s syndicate Ki is expected to double the volume of premium written to $800mn in 2022, reinforcing the viability of low-cost, follow-only underwriting at Lloyd’s.

Region

Topics

Events & Conferences

Content Types