All the headlines from our Lloyd's Topic Page, ordered by recency.
Oct 24 2024 // Lloyd’s, the world’s leading marketplace for insurance and reinsurance, has launched disaster resilience vehicle with the United Nations Capital Development Fund (UNCDF) to deliver disaster risk financing to...
Oct 21 2024 // Now that the market has achieved a first-half profit of £4.9 billion with a combined ratio of 83.7 — its best interim results in 17 years — does this mean the hard market cycle is ending?During a media...
Oct 21 2024 // While the Lloyd’s market reported its best first-half profit in 17 years, it isn’t resting on its laurels. It is carefully monitoring areas where potential vulnerabilities have been identified.During a recent...
Oct 11 2024 // MIC Global (MIC), the full-stack embedded micro insurance provider, announced it has applied to become a Lloyd’s coverholder for Greenlight Re’s Syndicate 3456, subject to applicable approvals.This strategic...
Oct 10 2024 // The Lloyd’s insurance market’s only product writing cover for the rescue of miners trapped underground has more than doubled its available cover from $10 million to $25 million with a launch of a new consortium...
Oct 10 2024 // The global economy could be exposed to losses of US$14.5 trillion over a five-year period from the threat of a hypothetical geopolitical conflict causing widespread disruption to global trade patterns and supply chains,...
Oct 10 2024 // The Lloyd’s of London market is undermining climate action and should impose binding rules to prevent insurers supporting fossil fuel expansion, NGO Reclaim Finance said on Wednesday.Some European insurers, including...
Oct 4 2024 // Africa Specialty Risks (ASR), the pan-African and Middle East-focused reinsurance group, announced it has begun operating as a Lloyd’s service company.As a Lloyd’s service company, ASR’s UK based entity,...
Oct 3 2024 // While the Lloyd’s market reported its best first-half profit in 17 years, it isn’t resting on its laurels. It is carefully monitoring areas where potential vulnerabilities have been identified.During a recent...
Sep 23 2024 // Beat Capital Partners, a London-based incubator of underwriting franchises and subsidiary of Ambac Financial Group, said it has launched a professional liability insurance company, based in Charlotte. ProRise Insurance...
Sep 19 2024 // Lloyds of London, the re/insurance marketplace, announced that Sir Charles Roxburgh has been named its next chair, subject to regulatory approval.Sir Charles will take up the position on May 1, 2025, succeeding Bruce...
Sep 18 2024 // The Awbury Group and Polo Managing Agency Ltd. have announced that Lloyd’s has granted “in principle” approval for Awbury Syndicate 2025 to commence underwriting from Jan. 1, 2025.Awbury Syndicate 2025 is...
Sep 12 2024 // Lloyd’s of London said on Thursday it plans to overhaul its rules on dealing with poor conduct in the commercial insurance market as its current processes for dealing with bad behavior could be...
Sep 6 2024 // Now that the market has achieved a first-half profit of £4.9 billion with a combined ratio of 83.7—its best interim results in 17 years—does this mean the hard market cycle is ending?During a media briefing to discuss...
Sep 5 2024 // The Lloyd’s insurance and reinsurance market reported overall profit before tax of £4.9 billion (US$6.4 billion), a 25.6% increase from the £3.9 billion (US$5.1 billion) reported during H1 2023.The combined ratio,...
Aug 30 2024 // Agile Underwriting Services, the Sydney, Australia-based insurtech, managing general agent, and Lloyd’s coverholder, has launched a unit in New Zealand, which Agile described as the first of its kind for a...
Jul 29 2024 // A consortium led by private equity firm Centerbridge Partners is exploring exit options including an initial public offering of Canopius Group in a deal that could value the Lloyd’s of London insurer at about £3...
Jul 23 2024 // Carbon Underwriting Ltd., the London-based managing general underwriter and Lloyd’s syndicate CBN 4747, announced that Lloyd’s has granted in principle approval for the launch of Syndicate 5757, effective Jan....
Jul 16 2024 // This edition of International People Moves details appointments at the broker Aon and claims services provider McLarens.A summary of these new hires follows here. Insurance broker Aon plc appointed Ed Thomas as head of...
Jul 15 2024 // AEGIS London, the London-based Lloyd’s syndicate, has established a new Data Science and Analytics team to enhance underwriting capabilities and data-driven initiatives.Led by Giuseppe D’Angelo, head of Data...