Awbury Syndicate 2025 Gets ‘In Principle’ Nod From Lloyd’s for Launch in January September 18, 2024 The Awbury Group and Polo Managing Agency Ltd. have announced that Lloyd’s has granted “in principle” approval for Awbury Syndicate...
Lloyd’s of London Plans to Overhaul ‘Unclear’ Rules on Dealing With Poor Conduct September 12, 2024 Lloyd’s of London said on Thursday it plans to overhaul its rules on dealing with poor conduct in the commercial...
Hard Market ‘Supercycle’ Likely to Be Prolonged: Lloyd’s CEO Neal September 6, 2024 By L.S. Howard Now that the market has achieved a first-half profit of £4.9 billion with a combined ratio of 83.7—its best interim...
Lloyd’s Reports Best H1 Underwriting Profit Since 2007, With 83.7 Combined Ratio September 5, 2024 By L.S. Howard The Lloyd’s insurance and reinsurance market reported overall profit before tax of £4.9 billion (US$6.4 billion), a 25.6% increase from...
Munich Re and Swiss Re Both Top List of 2023’s Largest Reinsurers August 30, 2024 By L.S. Howard Munich Re tops the list of the world’s 50 largest reinsurers that use IFRS 17 reporting standards, while Swiss Re...
Ukraine Boosts Grain Exports Despite Intensified Russian Attacks August 12, 2024 By Pavel Polityuk, Jonathan Saul and Tom Balmforth Ukraine is scrambling to ship as much grain as it can this summer, taking advantage of military gains it has...
Private Equity Firm Centerbridge Weighs Exit Options for £3 Billion Canopius at Lloyd’s July 29, 2024 By Swetha Gopinath and Dinesh Nair A consortium led by private equity firm Centerbridge Partners is exploring exit options including an initial public offering of Canopius...
MGU Carbon Underwriting Gets Initial Lloyd’s Approval to Launch New Syndicate July 23, 2024 Carbon Underwriting Ltd., the London-based managing general underwriter and Lloyd’s syndicate CBN 4747, announced that Lloyd’s has granted in principle...
Aviva Completes Acquisition of Probitas, Re-entering Lloyd’s After More Than 20 Years July 11, 2024 By L.S. Howard UK insurer Aviva announced it has completed the acquisition of Probitas Holdings (Bermuda) Ltd., which marks the company’s return to...
Insurers Fret Over Risk of Militant Attacks, AI Hacks at Paris Olympics July 5, 2024 By Carolyn Cohn and Noor Zainab Hussain Insurers are nervous that militant attacks or AI-generated fake images could derail the Paris Olympics, risking event cancellations and millions...