Lloyd’s

In this episode, Hiscox London Market CEO Kate Markham discusses the carrier's AI lead underwriting project with Google Cloud, and the opportunity the insurer sees underwriting energy transition business in the Lloyd's marketplace.

New business is arriving, but the captives market is not a priority target.

Latin America and the Caribbean accounted for 4.6% of GWP for Lloyd's in 2023.

The terrorism product, led by Chaucer, will offer an initial line size of $100mn.

Initial testing ahead of the switch to a cloud-based system is around a month behind.

Captive Syndicate 1100, launched in partnership with a “major global client”, will be managed by Apollo.

Sources said London should dodge the worst deterioration on US liability, but might not escape unscathed.

The memorandum of understanding will see the two entities share international expertise.

The move follows work to create a capacity rental venture with members’ agent Argenta.

The syndicate has appointed former Munich Re active underwriter Stuart Newcombe.

LMG's latest London Matters report reveals that UK capital has lost ground to the US and Bermuda in some lines.

The executive said that the Corporation had received net exposure figures for the loss from all syndicates.