Lloyd’s News

Ascot, Chaucer & Skuld Form Underwriting Consortium for Renewable Energy

Ascot Underwriting Ltd. has formed Renewco Consortium (ReCo), a dedicated and independent underwriting platform for the renewable energy industry. The Lloyd’s consortium is jointly led by Ascot and Chaucer and managed by Ascot; Skuld is the third consortium partner. With …

Amlin Reports 1.4% Drop in Q1 Gross Written Premiums to $1.96 Billion

London-based Amlin plc reported gross written premium for the three months ended March 31, 2015 of £1.26 billion ($1.96 billion), compared with £1.27 billion ($1.97 billion) reported for the said period in 2014. At constant rates of exchange, gross written …

AEGIS London’s Managing Director Moves to Canopius as Group CEO

AEGIS London announced that Stuart Davies, the company’s managing director, has resigned to take up the group CEO role at Canopius. At Canopius, Davies succeeds Michael Watson who remains the company’s chairman. As group chief executive officer, Davies will assume executive responsibility for …

ANV Holdings Forms Consumer Products Team for Lloyd’s Syndicate 5820

ANV Holdings has unveiled a new consumer products team within Lloyd’s Syndicate 5820, reporting to Bruce Whitmee, who was recently appointed active underwriter (subject to regulatory approval). Based in London, the team of eight is headed by Sanjay Vara, head …

MSIG at Lloyd’s Hires Eyres in Property Underwriting; Dougall Heads P&C

MSIG at Lloyd’s, the international specialty arm of Mitsui Sumitomo Insurance Group, has appointed Martin Eyres as property underwriting manager and promoted Andrew Dougall as head of property and casualty. Eyres, who will report to Dougall, has more than 30 …

Lloyd’s Market Association Announces 2015 Board Election Results

The Lloyd’s Market Association (LMA) has announced six newly elected board members. They are: Andrew Brooks, CEO, Ascot Underwriting Stephen Eccles, active underwriter, Travelers Syndicate Management Richard Harries, CEO, Atrium Underwriters Andrew McMellin, chief executive – UK & Ireland, XL Catlin …

Beazley Reports Q1 Premiums Up 6% to $546 Million

Beazley plc reported that first quarter premiums grew by 6 percent to $546 million, compared to $516 million in 2014. Beazley’s largest division, specialty lines, wrote $226 million during the first quarter, which is an increase of 19 percent compared …

MSIG at Lloyd’s Appoints Wells, Radbourne in Property and Power Teams

MSIG at Lloyd’s has appointed Laura Wells as underwriter, property, and Matthew Radbourne as underwriter, power & utilities with immediate effect. Wells brings over 20 years’ industry experience to MSIG, having previously held the position of direct and facultative property …

RenaissanceRe Reports Q1 Net Income of $167.8M, Up From $151M in Q1 2014

Bermuda-based RenaissanceRe Holdings Ltd. reported net income available to RenaissanceRe common shareholders of $167.8 million, or $4.14 per diluted common share, in the first quarter of 2015, compared to $151.0 million, or $3.56, respectively, in the first quarter of 2014. …

XL Looks to Illiquid Securities, Infrastructure to Boost Yields: McGavick

XL Group plc Chief Executive Officer Mike McGavick said the insurer is looking to illiquid securities and infrastructure investments to boost portfolio yields squeezed by interest rates that are near record lows. “We can get a little bit into the …