Latest Lloyd's Headlines
All the headlines from our Lloyd's Topic Page, ordered by recency.
Lloyd’s Syndicate Dale and DUAL Launch MGU with Focus on U.S. Property Insurance
Dec 21 2020 // Dale Underwriting Partners and DUAL announced a new joint venture, Dale DUAL MGU Ltd. (DDML), in collaboration with Aviva with immediate effect. This partnership has been brought together by Howden Reinsurance Broking led...
Lloyd’s Moves to End Insurance and Investments in Coal for Climate Sustainability
Dec 17 2020 // The Lloyd’s market is moving to end its insurance of coal and oil sands businesses while at the same time ceasing investments in such carbon-producing assets by Jan. 1, 2022. As part of its plan to accelerate the...
Lloyd’s, Insurtech Parsyl Launch Insurance Facility for COVID-19 Vaccine Shipments
Dec 15 2020 // Lloyd’s and insurtech start-up Parsyl Inc. announced the launch of the Global Health Risk Facility (GHRF), which will provide billions of dollars of insurance coverage, together with risk mitigation services, to help...
New Insurance Group Inigo Gets Approval from Lloyd’s to Start Underwriting in January
Dec 3 2020 // Inigo Ltd., the new London insurance group that has raised $800m in start-up capital from a group of blue chip global investors, announced that it has received approval in principle from the Corporation of Lloyd’s...
Lloyd’s Gets Nod to Transfer European Policies to Lloyd’s Europe in Time for Brexit
Nov 30 2020 // Lloyd’s, the world’s leading insurance and reinsurance market, has received final approval from the High Court of England and Wales to transfer policies in the European Economic Area to Lloyd’s Insurance...
Ki Syndicate 1618 Binds 1st Risk with AmWINS’ Broking Unit THB
Nov 30 2020 // Ki, the first fully digital and algorithmically driven Lloyd’s syndicate, announced it has bound its first risk with THB, the International broking arm of global specialty wholesale broker, AmWINS Group Inc. The risk...
Private Equity Investors Pelican Ventures, J.C. Flowers Complete Ariel Re Deal
Nov 25 2020 // Private equity investors Pelican Ventures and J.C. Flowers & Co. have completed their acquisition of Ariel Re from Argo Group. Ariel Re underwrites a global portfolio of reinsurance products in Bermuda, London and Hong...
Digital Lloyd’s Syndicate Ki Goes Live with List of Broker Trading Partners
Nov 23 2020 // Ki, the first fully digital and algorithmically driven Lloyd’s syndicate, announced the onboarding of its first trading partners to its proprietary digital platform, providing access to its algorithmic underwriting...
New Insurance Group Inigo Raises $800M of Capital; Founded by Former Hiscox Execs
Nov 23 2020 // Inigo Ltd., a new London-based insurance group, announced it has completed a capital raise of approximately $800 million from a consortium of global investors, comprising (among others) funds controlled by Caisse de...
Insurtech Blink Launches Non-Damage Business Interruption Parametric Solution
Nov 20 2020 // Irish insurtech Blink has launched a hurricane non-damage parametric insurance solution which provides liquidity to small and medium-sized businesses in the immediate aftermath of a natural disaster. Called “Blink...
AXA XL Promotes Harris to Head of Energy, UK & Lloyd’s Market
Nov 19 2020 // AXA XL Insurance announced that Nicola Harris has been promoted to head of Energy, UK & Lloyd’s market. In her new role, Harris is responsible for developing the UK energy book, executing strategy and designing...
Global COVID-19 Insurance Losses to Be Higher than Early Estimates: Lloyd’s Chairman
Nov 19 2020 // Global insurance losses from the COVID-19 pandemic will be higher this year than the $107 billion Lloyd’s of London had previously estimated, its Chairman Bruce Carnegie-Brown said on Wednesday. Carnegie-Brown told...
How Lloyd’s Underwriters Are Viewing Today’s U.S. Casualty Insurance Environment
Nov 19 2020 // Today’s Lloyd’s of London market for casualty insurance is marked by rising prices, reduced capacity, and buyers embracing more self-insurance, according to underwriters at Lloyd’s. It is also marked by...
Enstar to Sell Starstone’s Lloyd’s Managing Agency to New Re/Insurance Venture Inigo
Nov 18 2020 // Enstar Group Ltd. and Stone Point Capital LLC announced they have signed definitive agreements to sell StarStone Underwriting Ltd. (SUL), the Lloyd’s managing agency, together with the right to operate Lloyd’s...
How Lloyd’s Underwriters Are Viewing Today’s U.S. Property Insurance Environment
Nov 12 2020 // While the COVID-19 pandemic has slowed business activity around the globe, for underwriters in the Lloyd’s market who were in the process of increasing property insurance rates when the pandemic hit, the timing may...
Coverys Managing Agency Placing Lloyd’s Syndicate 1991 Into Runoff
Nov 12 2020 // Coverys Managing Agency Ltd. announced that its DTW Syndicate 1991 at Lloyd’s of London will stop accepting new and renewal business starting December 31, 2020. “Every effort has been made to implement...
Hamilton Promotes 3 at Lloyd’s Unit as Managing Agency CEO, CUO Resign
Nov 10 2020 // Hamilton Insurance Group announced three promotions in the leadership team at its Lloyd’s operations following the resignations of Hamilton Managing Agency Limited CEO Tim Glover and Chief Underwriting Officer David...
Digital Lloyd’s Syndicate Ki to Provide Howden with Follow Capacity
Nov 9 2020 // Fully-digital Lloyd’s of London syndicate Ki and global insurance broker Howden announced a partnership in which Ki is committing to provide substantial follow capacity for Howden’s clients and business...
Coverys European Holdings Subsidiary Acquires Lloyd’s Italian Coverholder Gava
Nov 5 2020 // AEC Wholesale Group, a subsidiary of Coverys European Holdings (CEH), announced the acquisition of Gava S.R.L, a Lloyd’s coverholder based in Brindisi, Italy. AEC Group will assume 100% ownership of Gava, bringing...
Lloyd’s Drops Plan to Form Electronic Exchanges, Opting to Work with Existing Platforms
Nov 5 2020 // Lloyd’s of London has dropped ambitious plans to set up its own electronic exchanges and will work with other existing platforms to speed up the underwriting process and cut costs, the commercial insurance market...
