Lloyd's

Chaucer teams with marine insurtech Concirrus

Lloyd’s specialty insurer Chaucer has partnered with marine focused insurtech, Concirrus, to use its data analytics platform.

Aegis looks to grow Lloyd’s syndicate 5% in 2019

Lloyd’s managing agency Aegis London expects to grow its Syndicate 1225 by 5 percent in 2019 despite a backdrop of difficult market conditions and the “challenging” Lloyd’s business review process.

Charles Taylor to conduct ‘strategic review’ of managing agency

Charles Taylor Managing Agency (CTMA) has set-out plans to undertake a strategic review of its managing agency following Standard Syndicate’s exit from Lloyd’s.

China Re launches Lloyd’s renewable energy consortium

State-back reinsurer China Re has launched a renewable energy reinsurance consortium at Lloyd’s which will focus on cover for the construction and operation of offshore wind farms in mainland China.

Spink named Lloyd's global operations head as Dainty steps away

Lloyd’s Brexit programme director Hayley Spink has been named head of global operations replacing Joe Dainty who is stepping away from the Corporation.

Lloyd's Brussels gets Monaco licence for Brexit

Lloyd’s Brussels has received authorisation to underwrite insurance and reinsurance risks located in Monaco after Brexit.

Catlin: Lloyd’s “best opportunity” for years to reform

Stephen Catlin, the founder of soon-to-be launched $3bn greenfield (re)insurer Convex Group, says Lloyd’s now has in place a management team to lead a restructuring of the market and ensure “it is still relevant in ten years time”.

Argo joins GBN partnership to boost market access

Bermudian carrier Argo has become a member of (re)insurance industry network GBN to expand its distribution and enable shared access to products and expertise in 140 countries.

LMA appoints finance and operations directors

The Lloyd’s Market Association (LMA) has appointed Rob Myers as operations director and Paul Davenport as finance director.

Hiscox buoyed by London market as retail arm forecast to fall at Q1: Jefferies

Lloyd’s insurer Hiscox, which recently joined the FTSE 100, is expected to report lower than expected results in Retail for the first quarter 2019 due largely to a cut back in D&O and headwinds in UK home insurance, according to equity analysts Jefferies.

Vitale and Soughan to launch new Cyber Specialty MGA

Mario Vitale is set to return to the market as CEO of a start-up MGA that will initially specialize in providing cyber business interruption (BI) coverage, The Insurer can reveal.

Cincinnati Financial closes $134mn Lloyd’s acquisition

Cincinnati Financial has closed its acquisition of Munich Re’s Lloyd’s platform, MSP Underwriting Ltd.

Skuld Syndicate 1897 to exit Lloyd’s

Scandinavian marine insurer Skuld is to place its serial loss-making Syndicate 1897 at Lloyd’s into run-off.

Michael losses drag on Lloyd’s insurer Apollo 2017 underwriting year

Apollo Syndicate Management Ltd has become one of the first Lloyd’s insurers to highlight deterioration in its open 2017 year of account (YoA) from last year’s Hurricane Michael.

Lloyd’s insurer Dale responds to US shareholder criticisms

Dale Underwriting Partners – the carrier behind Lloyd’s syndicates 1729 and 6131 – has written to broker CEOs advising that it expects to return a net underwriting profit for the 2018 year of account despite recent criticism by its minority shareholder, US insurer ProAssurance.

ProAssurance mulls reinsuring Lloyd’s exposure this year

ProAssurance will consider buying reinsurance this year to reduce exposure to its volatile Lloyd’s syndicate ahead of potentially reducing its capital commitment in 2020, it revealed on its Q4 earnings call today.

ProAssurance Lloyd’s loss ratio hits 113.8%

ProAssurance’s fourth quarter results included a net loss ratio in its Lloyd’s segment that surged from 29.6 percent to 113.8 percent, as the insurer provided further details about the ongoing review of its syndicate participation.

The man who saved Lloyd’s

In contrast to some of the more recent, excitable commentary about Lloyd’s gloomy future, today’s sad news is a reminder that a generation ago Lloyd’s really was facing an existential crisis.