Andrew Brooks News

Lloyd’s Creates Single Body for Governance to Improve Speed, Efficiency of Decisions

Lloyd’s announced it has merged the Council of Lloyd’s with the Franchise Board, creating one body to govern the marketplace. The decision to merge the two entities was first announced in November 2019. ‘The combination of board and council will …

Lloyd’s Culture Survey Reveals ‘Ugly’ Levels of Sexual Harassment

Lloyd’s announced the results of its culture survey, which was commissioned in March in the wake of press reports of rampant sexual harassment in the market. The survey confirms that many women are enduring a toxic culture of harassment, which …

Lloyd’s Gathers Group of Industry Heavy-Hitters as Advisers for Its Future Strategy

Lloyd’s has gathered a group of industry heavy-hitters — such as Evan Greenberg at Chubb, Dan Glaser at Marsh & McLennan, and John Haley at Willis Towers Watson — to sit on advisory committees that will help support and develop …

Ascot and Beazley Launch $50M Insurtech-Linked Cargo Consortium for SMEs

Ascot and Beazley announced the launch of a Lloyd’s-based cargo consortium, which uses insurtech solutions to help manage risk and claims performance. Led by Ascot and Beazley, the consortium brings together a range of cargo carriers that will provide a …

Lloyd’s Market Association Taps Ascot’s CEO Brooks as Chairman, Replacing Maidment

Andrew Brooks, chief executive officer of Ascot Underwriting Ltd., has been appointed the next chairman of the Lloyd’s Market Association (LMA), with effect from Jan. 1, 2019. Brooks, who has served on the LMA board as a member since 2012, …

Ascot Group Launches Bermuda Reinsurer; Berger Appointed CEO

Ascot Group Ltd. has launched Ascot Reinsurance Co. Ltd., after receiving approval from the Bermuda Monetary Authority (BMA). Ascot Re has received an additional injection of $1 billion of funds and has been given an “A” rating by A.M. Best, …

Ascot Launches P/C Reinsurance MGA: Ethos Specialty Insurance Services

Ascot Group Ltd. (AGL) has launched Ethos Specialty Insurance Services, LLC, a standalone managing general agent (MGA), operating under AGL. Michael Sillat has been appointed as chief executive officer of Ethos, effective Dec. 1, 2017. “The formation of Ethos represents …

Lloyd’s Agency Ascot Appoints Casualty Fac Team for Ascot Underwriting in U.S.

Ascot Underwriting Ltd., the London-based Lloyd’s managing agency, has appointed Scott Beall as chief underwriting officer of casualty facultative and Lex Smart as senior vice president of Ascot Fac. The team will report to Rory Cline, president of Ascot Fac, …

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 …