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Plus, the latest people moves and all the top news of the week. -
Incumbent Jane Warren will retire at the end of the year.
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Without flexible mechanisms the Corporation risks suppressing transactions.
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The specialty insurer was recently acquired by Korean carrier DB Insurance.
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It comes as the MGA expects to write more than $1bn of premium in 2026.
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The former civil servant joined the Corporation in October 2021.
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Jo Smart has worked for Torus and Aegis during his two decades in the market.
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Volante launched Syndicate 1699 in 2021.
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Inigo CEO Richard Watson said the team is ready for its “second album”.
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What’s driving the wave of shifting ownership structures in the Lloyd’s market?
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The upcoming Lloyd’s Lab cohort 16 will include a dedicated Irish theme.
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Several airlines are understood to have come to market early.
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Legacy reinsurance deals will be reviewed by the Legacy Review Panel.
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The Lloyd’s investment business has cut expenses by 54% over the past six months.
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The deal will be watched closely by Radian’s handful of similar peers.
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The pair hail from Dale Underwriting and Axa XL, respectively.
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Plus, the latest people moves and all the top news of the week.
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Small modular reactors are increasingly viewed as a means of meeting surging energy demand.
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The veteran underwriter said market conditions are still ‘robust’.
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The Corporation’s chair reiterated its aim to reduce the cost of doing business.
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The Corporation’s chair laid out plans to make Lloyd’s a preeminent market in the long term.
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How does Lloyd’s plan to secure its future as a leading global marketplace?
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Losing senior women creates a knock-on effect as juniors lose role models.
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The mortgage insurer said Inigo will continue to operate as a standalone business.
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The CEO said the lack of portfolio crossover was highly attractive to Inigo.
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The US mortgage insurer announced its $1.7bn acquisition of Inigo earlier today.
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The deal becomes part of a wave of carrier dealmaking.
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Organisations were challenged to address systemic DEI failure rather than play “word salad” with labels.
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Inigo executives told Insurance Insider last year they were weighing up the casualty treaty market.
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The carrier plans to reduce 623’s stamp by around 10% next year.
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Property remains the dominant line, accounting for nearly 30% of total London premiums.
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The business has ramped up its underwriting volume since launching in Lloyd’s last July.
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Plus, the latest people moves and all the top news of the week.
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This will be the 15th cohort of companies to go through the Lloyd’s Lab.
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There are concerns that repeated delays could lead to market disengagement with the process.
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Lloyd’s has pursued a Big Game Hunting strategy to lure major insurers into the market.
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The syndicate will be targeting approximately $50mn of GWP in its first year.
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Apollo most recently received in-principle approval for Syndicate 1972.
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The insurer’s plans for the syndicate were revealed by this publication earlier this year.
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The reinsurer is moving all its non-cat business to the new syndicate, leaving 1910 focussed on peak cat.
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Ryan Alternative Capital Re was launched in partnership with Axis Capital.
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Mark ‘Ollie’ Hollingworth has held his current role at Atrium since 2017.
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Paul Sandi, head of reinsurance, will serve as active underwriter for the new syndicate.
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Maintaining underwriting discipline was central to the Corporation's messaging.
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It was announced this week that the business had agreed to be acquired by Skyward Specialty.
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Skyward’s acquisition of Apollo will provide access to the London Bridge framework.
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Rachel Turk said product-line facilities had been “under-scrutinised”.
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Rönesans covers lines including aviation, energy, engineering and liability.
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The carrier said the decision reflected its commitment to portfolio discipline.
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Lloyd’s reported reinsurance GWP increased 10.6% to £13.2mn.
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The cycle-turn M&A story continues with strategic buyers to the fore.
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Lloyd’s will keep heritage systems operationally resilient until at least 2030.
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Syndicate 1440 was approved to assume business incepting January 2026.
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Apollo executives David Ibeson and James Slaughter are committed to the future as a combined entity.
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The LPPC will offer limits of $127.5mn EAR and DSU coverage in the US and Canada.
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In June, this publication revealed that Apollo had appointed Evercore and Howden to run a process.
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A notable uptick in attendance underpins the value still placed on the iconic trading centre.
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What happens when a global broker network decides to fill a gap in the London market itself?
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The news comes after the announcement of CEO Graham Evans’ departure.
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The carbon-credit insurer has appointed James Morrell head of credit underwriting.
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Plus, the latest people moves and all the top news of the week.
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As rate reductions present headwinds, firms are expected to moderate expansion.
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Simon Clegg will leave Syndicate 609 after 25 years.
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The London carrier missed consensus on gross and net premiums for H1.
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Part of the syndicate’s premium for clinical-trial-funding cover will move to Syndicate 1902.
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The company has recently made several senior changes to its UK and Lloyd’s leadership.
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The syndicate now predicts a return on capacity for 2021 of between -5% and 5%.
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Market leaders Atradius and Coface have both received in-principle approvals for a Lloyd’s syndicate.
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The Lloyd’s carrier is expected to try to claim multiple times under the policy.
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The family-owned group is embarking on a major international expansion.
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What does it take to turn a family-run insurance group into a global powerhouse?
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The carrier reported an increase of 82% in pre-tax income.
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Duc Tu and Lucy Howard have resigned from Atrium.
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The carrier also announced an increased share-buyback programme.
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A limited number of broking staff are also leaving the business, including downstream head Dan Nicholls.
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Stephane Flaquet replaces George Marcotte, who has been interim COO since September 2024.
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The LMA head also praised Velonetic for transparency on Blueprint 2.
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The leadership transition at the syndicate was announced earlier this year.
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The underwriter was head of financial institutions at LSM for six years.
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Sources have identified facilities as a different source of rising commissions.
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The search for a successor to lead Syndicate 1200 is underway.
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Demian Smith joins from Guy Carpenter.
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Surveys show diversity and inclusivity foster a sense of belonging and increase productivity.
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Group CEO Tavaziva Madzinga said it might explore Lloyd’s Names backing in the future.
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Some 185 credit claims were reported in the market, totalling over $400mn.
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The Asta-managed syndicate aims to commence underwriting later this year.
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The exit is by mutual agreement, according to the association.
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The former Lloyd’s CEO is also eligible for a target $5mn annual equity award.
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Atradius Syndicate 1864 is expected to begin underwriting next year.
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Lloyd’s has confirmed the departure of two senior leaders.
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Plus, the latest people moves and all the top news of the week.
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Coface Lloyd’s Syndicate 2546 is expected to commence underwriting in 2025.
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The former Lloyd’s CEO will not make his planned move to Aon.
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The strategy is a 10-year plan to drive growth in UK financial services.
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The MGA has secured Lloyd’s paper to write crypto theft insurance.
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A second syndicate is being explored for “big and bold” new lines
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Claims chiefs are caught between technological advancement and waiting for phase two
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Plus, the latest people moves and all the top news of the week.
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The executive said there was an ‘active cross-sell culture’ across The Fidelis Partnership.
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How is The Fidelis Partnership choosing to launch into new insurance classes as it rapidly expands?
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Syndicate 1947 is gearing up to expand its marine reinsurance portfolio.
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The Cathal Carr-led carrier has been building its team since launching this year.
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The new roles will oversee property, specialty and credit.
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The business is one of the first to sell in this round of Lloyd’s M&A.
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It was announced earlier today that the US wholesaler had agreed to acquire Atrium.
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Sixth Street and Cornell also bid for the wholesaler.
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The PRA, FCA and Society of Lloyd’s have agreed to the changes.
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The deal comes amidst an expected spell of M&A on Lime Street.
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Plus the latest people moves and all the top news of the week.
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The Lloyd’s syndicate was one of just a couple of reinsurance start-ups in the current hard market.
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Gallagher, Marsh and Aon also faced sizeable outstanding premium payments as at Q4 2024.
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The new chair said the market must adapt for 2030 and beyond.
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The FCA is reviewing how it can simplify regulation for commercial insurers.
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Lloyd’s executives have suggested ceded reinsurance syndicates could help London compete in treaty.
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The managing agency is offering 62p per £1 for 2026 YoA capacity.
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The international casualty director has worked at Axa XL, Ive and Ardonagh.
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The business currently works with Hamilton Managing Agency.
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It has been a volatile week for the marine war market in a period of geopolitical turmoil.
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Insight into the state of the insurance M&A market, powered by this publication's deal database.
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Lloyd’s chair said attractive returns were the “essential bedrock” of performance.
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The investment comes amid expectations of a new cycle of deals.
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The start-up has hired four people to join the division.
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Some segments are moving faster than anticipated, but overall, it remains a mixed bag.
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The Lloyd’s business secured a $90mn investment from Alchemy in 2021.
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The managing agent for Syndicate 609 has been involved in an M&A process this year.
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Peter Montanaro retired from his role as market oversight director at Lloyd’s in May.
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Is the huge growth experienced by the MGA sector run out of steam?
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The former Volante chief is in initial talks with several parties.
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Who will buy the swathe of PE-backed Lloyd’s firms coming to market over 2025-26?
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The firm's near-term global strategy includes operations in the UK, US, parts of Europe and Asia.
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The LMA urges use of AI for enhanced decision making but concerns remain.
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Plus, the latest people moves and all the top news of the week.
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The new Lloyd’s chief of market performance also outlined target growth areas.
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The modeller said the insurance market could be exposed to unexpected aggregations.
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Jim Meakins is the latest in a slew of talent to exit from the syndicate.
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Robert Vetch joined the Lloyd’s business as CFO in 2019.
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Corporates buying Lloyd’s syndicates face the culture/integration trade-off.
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The campaign will run throughout June.
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Analysts were interested in the potential for fee income from the retail division.
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Tiernan’s former role of chief of markets will be split into two new exec team positions.
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The driver of growth has shifted from rate to volume, as pricing increases tail off.
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The executive set out his vision for the Corporation after assuming leadership.
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The outgoing CEO said the market had been restored as a leader during his tenure.
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Frustration is growing around a promised independent operating model and staff reward.
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