Start-ups
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One critical sticking point for Lloyd’s is the true alignment of interest with the market. -
The venture will focus on speciality underwriting and related platforms.
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The Australian insurer is a major cat cedant and had hoped to set up a reinsurance syndicate.
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Existing facilities and carrier partners will be transferring from K2.
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The business was launched in July to focus on the smart-follow market.
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The syndicate aims to write £80mn of programme business in 2026.
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Longbrook Insurance will write multiple lines of business.
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The UK-based insurer’s Florida Re secured state regulatory approval in June.
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The ILS start-up was founded in January by Hanni Ali and Peter Dunlop.
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The syndicate is expected to write ~$300mn of business in 2026.
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The MGU’s second syndicate launch was delayed from January 2025.
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A Lloyd’s consortium led by Beat Syndicate 4242 backs the MGA.
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The European broker said a London wholesaler is the ‘missing piece’ of its strategy.
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West Hill Capital is the main investor in the capital raise.
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The BP Marsh-backed MGA launched earlier this year, led by Adam Kembrooke.
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MGA Amiga Specialty launched in May, with backing from investor BP Marsh.
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This will be the 15th cohort of companies to go through the Lloyd’s Lab.
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The tech firm is building a joint stock company with insurers and investors.
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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 broker’s joint venture with Bain Capital still lacks a CEO.
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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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US retailers have various levers to pull to put pressure on potential new competitors.
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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 underwriter was head of financial institutions at LSM for six years.
