Lloyd’s CEO Neal Appointed Aon CEO of Reinsurance, Chairman of Climate Solutions January 8, 2025 By L.S. Howard Insurance broker Aon plc announced the appointment of John Neal as global CEO of Reinsurance and chairman of Climate Solutions,...
The Wartime Risk Insurers Making Fortunes Keeping Trade Moving January 6, 2025 By Alex Longley Inside faceless office buildings scattered around London, a niche corner of the insurance market is keeping hundreds of billions of...
ConnectUW Holdings Opens for Business at Lloyd’s December 17, 2024 ConnectUW Holdings, the parent company of Connect Underwriting and other specialist reinsurance MGAs, announced it will take ownership of Lloyd’s...
Lloyd’s of London Trade Body Examines Planned Conduct Overhaul December 16, 2024 Lloyd’s of London members have set up a working party to examine the commercial insurance market’s plans to overhaul its...
AIG Leads Launch of Reinsurance Syndicate at Lloyd’s December 13, 2024 American International Group announced it has led the launch of a new reinsurance syndicate at Lloyd’s. Commencing underwriting from Jan....
Future Pandemic Could Cause $13.6 Trillion in Economic Losses Over 5 Years: Lloyd’s December 11, 2024 Another human pandemic could cause economic losses of $13.6 trillion for the global economy over a five-year period, commercial insurance...
Inigo Owners Said to Weigh Options for Lloyd’s of London Insurer December 4, 2024 The owners of Inigo Ltd. are exploring options for the British specialist insurance group including a potential sale, according to...
Oak Reinsurance Gets Permission From Lloyd’s to Begin Underwriting in January November 26, 2024 Oak Reinsurance (OAK Re), the London-based reinsurance company, announced that its Lloyd’s Syndicate 2843 has received permission to begin underwriting...
Lloyd’s of London Shakes Up IT, Operations Teams November 14, 2024 Commercial insurance market Lloyd’s of London is restructuring its data, operations and change departments, which will involve outsourcing some of...
Renewable Energy Offers a Cost and Opportunity to Insurance Sector November 7, 2024 By Carolyn Cohn Policyholders in the renewable energy insurance market are paying between 20%-40% more for cover today than a year ago as...