Victor launches Lloyd’s Syndicate 2288Marsh-owned managing general underwriter (MGU) Victor Insurance Holdings has gained Lloyd’s approval to launch Victor Syndicate 2288 and commence underwriting effective 1 January 2020 with an initial stamp capacity of £57mn ($75mn).
Lloyd’s raises £300mn of senior debt to fund Future at Lloyd's programmeLloyd’s has secured £300mn ($396.6mn) of senior debt in order to finance the first stages of its transformation programme, The Future at Lloyd’s.
Neal welcomes first Lloyd’s ILS fund via Brit’s Sussex platformLloyd’s CEO John Neal has welcomed Brit Ltd’s launch of an ILS fund to support the expansion of its third-party capital Syndicate 2988.
The perils of the Christmas party…‘Tis the season to be jolly and for many this means the tradition of The Office Christmas Parties. In recent years, a new tradition has emerged: HR departments warning over the perils of consuming too much festive spirit at such events. This is particularly common in London where the tradition of the Christmas party is synonymous with alcohol and lots of it.
Lloyd’s Neal warns market to behave at Christmas partiesLloyd’s and London market workers have been warned to behave during the Christmas period, with CEO John Neal calling it a “challenging time of the year” as the executive continues the wider crackdown on market misconduct.
Lloyd’s launches $25mn per risk space consortium led by Brit and HiscoxLloyd’s has launched a new multi-million-pound space insurance policy targeted at the so-called ‘new space’ sector and backed by a consortium of 18 syndicates led by Brit and Hiscox MGA.
Munich Re Syndicate to increase 2020 Lloyd’s stamp capacity by nearly a quarterMunich Re’s Syndicate 457 has received Lloyd’s business plan approval is to increase its stamp capacity to £525mn in 2020, an increase of nearly 24 percent, The Insurer can reveal.
Lloyd’s projects £36bn+ GWP as it returns to growth in 2020Lloyd’s is expected to write more business than ever before in 2020 with projected GWP in excess of £36bn after a Q4 business planning process that has seen the majority of syndicates approved to write more income next year.
A third of Lloyd’s syndicates greenlighted for +10% growthNearly a third of syndicates have received business plan approval from Lloyd’s to increase their stamp capacity by 10 percent or more in 2020, analysis by The Insurer can reveal.
Sirius 1945 greenlighted for 12.3% capacity increase in 2020Sirius International’s Syndicate 1945 has received Lloyd’s business plan approval for its 2020 stamp capacity to increase by 12.3 percent, The Insurer can reveal.
GIC’s Lloyd’s Syndicate 1947 to shrink 7.2% in 2020GIC’s Lloyd’s Syndicate 1947 will see its stamp capacity shrink by 7.2 percent – or £5.5mn – in 2020, The Insurer can reveal.
Lloyd’s and MAS axe Singapore access schemeLloyd’s and the Monetary Authority of Singapore have agreed to wind back the Lloyd’s Scheme, which gave underwriters authority to write Singaporean domiciled risks from London, by 1 November 2022.
Channel Syndicate stamp capacity falls for 2020Scor’s stamp capacity on its Lloyd’s subsidiary Channel Syndicate 2015 will be lower next year but may still write a similar level of income as 2019, The Insurer can reveal.
Is Lloyd’s really rotten?Lloyd’s has a rotten culture, according to the Sunday Times and its business editor, Oliver Shah.
Capita Managing Agency names Sykes CEOCapita Managing Agency (CMA) has named former Vibe Syndicate Management director Simon Sykes as CEO, The Insurer can reveal.
Apollo in the frame for Lloyd’s captive ventureLloyd’s managing agent Apollo Syndicate Management is understood to be consulting with prospective clients with a view to establishing a new captive syndicate at Lloyd’s, The Insurer can reveal.
Lloyd’s marine manager Murlowski to exitChristopher Murlowski, manager for marine and energy at Lloyd’s, is set to depart from his role at the Corporation, The Insurer can reveal.
RenRe Syndicate 1458 stamp capacity to increase by 9%RenaissanceRe Syndicate 1458 has secured Lloyd’s approval for 2020 stamp capacity to increase by some 9 percent, The Insurer can reveal.