Lloyd’s of London News

Hamilton Underwriting at Lloyd’s to Hike 2017 GWP to £122.5M ($152.9M)

Hamilton Underwriting Ltd., the Lloyd’s platform of Bermuda-based Hamilton Insurance Group, announced that the managing agency has received approval from Lloyd’s to increase its gross written premium for Syndicate 3334 in 2017 to £122.5 million ($152.9 million). Gross written premium …

AIG May Move Europe HQ from London to Another EU Country on Brexit

U.S. insurer AIG may move its European headquarters from London to another European Union country because of Britain’s vote to leave the EU, the head of the AIG’s European and UK operations said at an industry conference on Tuesday. AIG …

Advent Claims Launches Regulatory Compliant Platform for MGAs, Coverholders

Advent Claims, a division of Advent Insurance Management with claims operations in the US, UK, Canada and Australia, has launched a proprietary web-based claims management system for managing general agents (MGAs) and coverholders, called “Advantage.” Designed to capture all information …

Lloyd’s Names Swiss Re’s Kelly as Singapore Country Manager

Lloyd’s has appointed Angela Kelly as Lloyd’s country manager, Singapore, and CEO of Lloyd’s of London (Asia) Pte. Ltd. Kelly joins Lloyd’s from Swiss Re where she was chief executive officer of Swiss Re International SE Singapore Branch and head …

Lloyd’s Names Former Generali Exec, Vagnone, as Strategy & Change Director

Lloyd’s announced that Paolo Vagnone has been appointed to the newly created role of Strategy & Change director. Vagnone will lead the teams responsible for the development of Lloyd’s strategy as well as the management of major change projects. He …

Brit Launches Diamond Processing Consortium with Capacity Up to $50M

Brit Ltd., the London-based specialty insurer, announced the launch of a Lloyd’s consortium for diamond processing. Now quoting business, the new consortium brings additional capacity of up to $50 million to the London market. “The consortium, which is led by …

Talbot Underwriting Australia Taps Former Catlin Exec Case as Managing Director

Talbot Underwriting Ltd., a wholly owned subsidiary of Validus Holdings Ltd., has appointed Andrew Case as managing director of Talbot Underwriting Australia. During his 30 years of experience in the insurance industry, Case established and led several businesses in Asia and …

African Demand for Political & Trade Credit Cover Rises Ahead of Kenya Elections

African Trade Insurance Agency, an insurer covering political and trade credit risk across 13 nations, said it’s seeing higher demand ahead of elections in Kenya next year. East Africa’s biggest economy is still haunted by sectarian violence that erupted after …

AmTrust Buys ANV Holdings for $203M – More Than Doubling Its Lloyd’s Presence

AmTrust Financial Services Inc. announced it has completed the acquisition of ANV Holdings B.V. and its affiliates from Ontario Teachers’ Pension Plan for approximately $203 million in cash. During the last 12 months ending September 30, 2016, ANV’s three managed …

Lloyd’s Gets Approval to Open Reinsurance Branch in India

Lloyd’s of London has secured approval from the Indian regulator, Insurance Regulatory and Development Authority of India (IRDAI), to provide onshore reinsurance services in India. The decision means that the Lloyd’s market is now in a position to set up …