Lloyd’s

Chief of markets Patrick Tiernan warned syndicates that inflation increases must be priced in, during a webinar.

Business plans submitted for 2022 have set the market on track to generate a sub-95% combined ratio next year.

The single-digit growth in capacity adds weight to expectations of rate slowdown next year.

The full breakdown of Insurance Insider's stamp capacity survey.

It is hoped a joint venture contract with DXC on an expansive set of solutions under Blueprint Two will be signed in the new year.

Sources said the syndicate had absorbed heavy losses in 2020 and was also facing capital charges to support cat-exposed business.

PPL chair Bronek Masojada confirmed the delivery timeline for PPL’s work with Deloitte at a CEO breakfast this morning.

Proprietary capital will be deployed through Mosaic’s Lloyd’s Syndicate 1609, alongside partner capacity contributed by carriers wanting to leverage Mosaic’s underwriting and distribution expertise.

Lloyd’s has reintroduced the wearing of face masks when entering and moving around the Lloyd’s building, based on the latest government coronavirus guidelines.

The significant increase in planned premium will be interpreted as a vote of confidence in the low-cost, follow-only model from Lloyd’s.

The Corporation is seeking market views on the second iteration of the CDR before it is ratified by the new Data Council.

Neil Williams, who spent more than eight years at Lloyd’s, will join the carrier in January.