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.
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The firm will target mid-market risks with TIVs of $25mn-$1bn.
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The Asta-managed syndicate aims to commence underwriting later this year.
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The expansive European broker is targeting Mike Parrish’s team and former McGriff staff.
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Dan Prince said the firm will work with brokers’ existing relationships.
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It subsequently emerged that Thompson was not joining Amiga and has since set up Sodalis Capital.
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The MGA will write natural resources professional liability business.
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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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The underwriter has worked for RiverStone, Advent, Lloyd’s and AIG.
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The start-up has hired four people to join the division.
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The pair is looking to provide investment and strategic advice to early-stage firms.
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The former Volante chief is in initial talks with several parties.
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The Bermuda-based team is led by John Fletcher.
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BP Marsh has subscribed for a 49% shareholding in the start-up MGA.
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The Corporation is poised to accelerate its investments in start-ups.
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Trade credit rivals Coface and Awbury are also entering the market.
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Former Aviva and AIA CEO Mark Wilson will lead the new initiative.
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The retailer’s partners are looking to join forces to secure better deals.
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Assurex Global’s partner firms place $46bn of premium across the world.
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Combating depressed trading on the LSE and a delayed hard market shift has held back the firm.
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In a post on LinkedIn, Steve Arora said investor appetite “just wasn’t there”.
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The fund apparently plans to purchase life insurance policies as investments.
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Why have reinsurance start-ups remained so rare in recent years, even as underwriting conditions have improved?
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Being the “new kid” has created interest in the market, Mereo CEO Croom-Johnson added.
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Due diligence is essential to make sure incubators are backing winners.
