Lloyd’s News

International General Insurance Holdings Begins Trading at Lloyd’s on May 9

International General Insurance Holdings Ltd. announced it will begin trading for the first time at Lloyd’s on May 9, 2024, demonstrating the company’s long-term commitment to the London market. Located in the Lloyd’s underwriting room at One Lime Street, IGI …

Delos and Lloyd’s Insurer to Expand Vacant Home Insurance in California

Delos Insurance Solutions plans to offer wildfire insurance to more California policyholders with vacant properties. Delos is expanding coverage availability through a partnership with certain underwriters at Lloyd’s of London. San Francisco, California-based Delos is a managing general agent that …

Lloyd’s Insurers Don’t Expect Large Claims From Baltimore Bridge Collapse

Lloyd’s of London insurers Hiscox and Lancashire do not expect large insurance claims from the collapse of Baltimore’s Francis Scott Key Bridge in March that caused widespread disruption, they said on Thursday. Some estimates for the total insured losses from …

Agile Syndicate 2427 Gets Lloyd’s Approval to Begin Underwriting

Agile Underwriting Services has received approval from Lloyd’s to commence underwriting in May. Agile Underwriting Services Syndicate 2427 (AUS 2427) will be focused primarily on Australia and New Zealand and writing accident and health, aviation, casualty, construction, financial lines, and …

Africa Specialty Risks Launches ASR Syndicate 2454 at Lloyd’s

Africa Specialty Risks (ASR), the pan-African focused re/insurance group, has launched ASR Syndicate 2454 focused on underwriting business across Africa. It is the first African-focused syndicate writing business at Lloyd’s and is managed by Apollo. ASR Syndicate officially began underwriting …

Amboss Underwriting Assumes Oilfield Insurance Agencies’ Downstream Portfolio

Zurich-based Lloyd’s coverholder Amboss Underwriting has assumed the portfolio of the Zurich branch of Oilfield Insurances Agencies. Effective April 17, 2024, the announcement marks the commencement of Amboss’ operations in Zurich and Amsterdam. Amboss has received approval from Lloyd’s of …

Update: Nord Stream Insurers Deny Policies Covered War Risks in UK Lawsuit

Nord Stream’s insurers have denied that their policies provide cover for gas pipelines damaged by blasts in 2022 because the damage was caused by war, in their written defense to a lawsuit filed at London’s High Court. Nord Stream is …

People Moves: Miller Promoted to Lloyd’s Americas CEO as Watkins Exits

Lloyd’s said Dawn Miller has been named chief commercial officer and CEO of Lloyd’s Americas. Miller, who joined Lloyd’s in 2022 and oversees its global network as commercial director, will assume her expanded role on Sept. 1, based in New …

Viewpoint: US E&S Sector Is Booming…But Is it Too Much Business to Handle?

Executive Summary: Specialty insurance has experienced significant growth in recent years. Greg Gaydos, senior business development executive at Zywave, looks at the reasons and advises how to best take advantage of its wealth of opportunities. The excess and surplus lines …

Fidelis Partnership Gets ‘In Principle’ Approval From Lloyd’s to Launch Syndicate

The Fidelis Partnership, the Bermuda-based managing general underwriter, announced that Lloyd’s has granted “in principle” approval for the launch of Syndicate 3123 in collaboration with Fidelis Insurance Holdings Ltd. and Hampden Agencies, the largest provider of private capital to Lloyd’s. …