Lloyd’s

The market’s dearth of third-party managing agents is a source of tension among young syndicates.

Large syndicates outside top performer quartiles have been afforded significant room to grow.

Oak Re confirmed Bain as an investor, with further capital through Hampden clients and Alpha.

Overall, syndicates have slightly improved 2022 forecast returns, with 2023 projections closer to stable.

Other capacity supporting the syndicate is mostly individual Names, sources have said.

The investment banker said the scarcity of attractive assets made the MGA market “red hot”.

What should we expect in the world of deal-making in 2025? According to Tony Ursano of Insurance Advisory Partners, the stage is set for a spree of transactions. In Lloyd's, it's a question of when, not if deals will take place. Meanwhile, the MGA market remains "red hot".

Syndicate 1947 is understood to have served notice to Hamilton in recent weeks.

It is targeting $25mn GWP this year and $50mn GWP in 2025.

In a decade this market could grow from $5bn to $60bn.

The underwriter has spent his career so far with Talbot.

Harriet James was previously head of sustainability at RenaissanceRe