Lloyd’s of London News

Global Risk Partners Completes Acquisition of LONMAR

Global Risk Partners Ltd., the insurance broking and managing general agency (MGA) investment vehicle, has completed its backing of the management buyout of LONMAR Global Risks, the London-based specialist Lloyd’s broker. Originally announced last month, the transaction was subject to regulatory …

Long Named Marketform’s Claims Director, Moving from XL Catlin

Marketform, the specialist Lloyd’s insurer, announce it has appointed Sharon Long to its executive team as claims director. Long’s appointment further strengthens the new leadership team that is driving the transformation of Marketform, the company said in a statement. Long …

London Re/Insurance Market Faces Risk of Casualty Reserve Shortfall: PwC

There is a real risk that casualty reserves for business written in 2015 will run off at a loss in the future, according to PwC’s London re/insurance market review of reserve adequacy. PwC pointed to the fact that the strength …

StarStone, Subsidiary of Enstar, Creates Australian Underwriting Hub

StarStone, the global specialty insurer and subsidiary of Enstar Group Ltd., announced the creation of an underwriting capability in Australia.  The new hub will operate alongside Enstar’s existing Australian operation, subject to regulatory approval. StarStone Australia will be led by …

McGovern Leaving Lloyd’s as CRO to Join XL Group as Chief Compliance Officer

XL Group plc announced it has appointed Sean McGovern as chief compliance officer, head of Regulatory & Government Affairs, moving from Lloyd’s of London where he is chief risk officer and general counsel. In this newly created role, McGovern, as …

Insurance Noodle Appointed as Lloyd’s Coverholder

Insurance Noodle, the online, membership-based insurance placement platform, has been appointed a coverholder with Lloyd’s of London and is now authorized to underwrite and insure accounts on behalf of certain Lloyd’s underwriting syndicates. The position grants Insurance Noodle access to …

Re/Insurance CEOs Join Insurance Development Forum, UN & World Bank Initiative

A group of re/insurance and global broking CEOs are assisting the work of the Insurance Development Forum (IDF), which was launched last month to help build resilience to climate risk and natural disasters, while bridging the insurance protection gap for …

Beazley Expands Marine Business by Buying Subsea Specialist Leviathan Facility

Beazley, a provider of specialist marine insurance, is expanding its marine offerings with the acquisition of London-based subsea specialist The Leviathan Facility. Beazley will acquire the majority of their existing book and renewal rights. In addition, principal Leviathan underwriters, Simon …

Tokio Marine Kiln Launches General Aviation Consortium on Lloyd’s Asia Platform

Tokio Marine Kiln (TMK), the leading provider of specialist and corporate insurance, has launched its first General Aviation Consortium on the Lloyd’s Asia platform. The consortium will provide all brokers and buyers in the Asia Pacific region with a single …

Specialist Lloyd’s Insurer Marketform Hires Kelsh to Build Broker Relationships

Marketform, the London-based specialist Lloyd’s insurer, has appointed Martin Kelsh to the newly created role of production & distribution director. Kelsh joined Marketform on May 3 to develop and enhance the level of engagement with the company’s key brokers, Marketform …