Lloyd’s Lab names fast-tracked Covid-19 cohortThe Lloyd’s Lab initiative, based at Lloyd’s of London, is a 10 week programme that pairs startups with managing agent mentors from the market.
Lloyd’s names Núñez country manager and general rep for Spain & PortugalLloyd’s has named Jose Núñez as its new country manager and general representative for Spain and Portugal.
Hiscox launches variable consortium for ‘hard to place’ general liability risksHiscox and RKH Reinsurance Brokers have launched a new variable consortium targeting a wide range of general liability risks such as wildfire, trucking and construction.
Airmic welcomes Lloyd’s proposal for systemic risk reinsurerUK risk management association Airmic has welcomed proposals outlined by Lloyd’s for “black swan” reinsurance schemes to protect businesses from catastrophe events beyond the Covid-19 pandemic.
Lloyd’s proposes three solutions to fast-track pandemic recoveryLloyd’s has suggested three ways that the insurance industry could fast-track global economic and societal recovery from Covid-19, two of which require government and (re)insurance industry partnerships.
Lloyd’s promotes May to international CFOLloyd’s of London has promoted Jonathan May to the position of international chief financial officer.
Beazley’s UW performance to remain strong says AM Best in affirmationBeazley’s cross-cycle underwriting performance is expected to remain strong and benefit from the improved pricing cycle, according to AM Best as it affirmed the insurer’s ratings.
Atrium names Chaucer’s Stooke chair as Cook retiresAtrium Underwriters’ non-executive chairman Steve Cook is to leave the Lloyd’s managing agent after 25 years, with former Chaucer chair Chris Stooke set to take over the position from 1 January 2021.
Compre remains committed to 2020 Lloyd’s platform as fresh RITC opportunities emergeRun-off specialist Compre has committed to its ambitions to gain a foothold in Lloyd’s this year despite the disruption caused by the Covid-19 pandemic.
Nephila latest to launch follow-only Lloyd’s syndicateFund manager Nephila Capital has been given the green light by Lloyd’s to launch a follow-only syndicate.
Beazley builds out contingency offering with virtual events transmission coverLondon insurer Beazley has created a contingency product that is designed to cover event organisers if a transmission failure disrupts or cancels a virtual event.
Lloyd’s gives Probitas greenlight to set up managing agency led by former QBE teamLloyd’s has granted ‘in principle’ approval for Probitas 1492 to establish a new managing agent, Probitas Managing Agency Limited (PMAL).
The Future at Lloyd’s… post-Covid-19Yesterday, John Neal wrote to the market unveiling a host of changes that will allow underwriters and brokers alike to return to One Lime Street from 1 September.
Lloyd’s apologises over historic slavery linksLloyd’s has acknowledged its role in the slave trade hundreds of years ago and has pledged to support minority groups as the spotlight turns to corporates’ historic links to the practice.
Munich Re Syndicate looks to Axa XL for head of marineMunich Re Syndicate has named Rob McAdams as head of marine, taking over from Simon Parnell who is set to retire.
Lloyd’s to reopen at 45% capacityThe chief executive of Lloyd’s of London John Neal has written to the market confirming plans to re-open the building on 1 September at a reduced capacity of 45 percent.
Lloyd’s ends search for Hancock successor and reshapes PMD roleLloyd’s is to do away with the performance management director role with the departure of Jon Hancock, creating a new position of chief of markets.
Lloyd’s takes steps to tackle racism with new inclusion initiativesLloyd’s has become the latest industry heavyweight to add its voice in support of the civil rights movement that has arisen across the US and launched a series of initiatives to tackle “systematic and structural racism” and improve the experience of black and minority ethnic talent in the Lloyd’s market.
StarStone International goes into run-off as Atrium gets renewal rightsStarStone’s international business will go into run-off with renewal rights to the book transferred to Enstar stablemate Atrium, which manages Lloyd’s Syndicate 609.
Lloyd’s targets data duplication with API to enhance e-placementLloyd’s of London has launched a new application programme interface (API) designed to reduce the need for double entry of data and documents to help London market brokers and underwriters place business electronically.