Lloyd's

CFC founders in shock exit after Lloyd’s misconduct investigation

CFC’s group CEO David Walsh and CFC Underwriting CEO Graeme Newman are set to leave the business after a Lloyd’s investigation into allegations of non-financial misconduct.

Shrinking MIC Global reshuffles leadership

Digital micro insurance provider MIC Global has restructured its senior leadership, with founding CEO Harry Croydon shifting to the role of COO and president, while executive chairman Jamie Crystal assumes the CEO position.

“Avoidance of any responsibility”: environmental activists slam Lloyd’s roadmap

Members of campaign groups Insure Our Future and Reclaim Finance have criticised Lloyd’s three-year roadmap for insuring the energy transition, describing the consultation as “a complete avoidance of any responsibility” and a “sustainability get-out clause”.

Carbon Syndicate 4747 to grow GWP to ~£204mn in 2024

Fast-growing Carbon Underwriting’s Syndicate 4747 expects GWP to increase by 36 percent in 2024 as the Asta-managed Lloyd’s platform targets growth across a number of new product lines and geographies.

Apollo to launch specialty treaty class of business at 1.1

Lloyd’s insurer Apollo is set to launch a new specialty treaty class of business within the reinsurance division of its flagship Syndicate 1969, effective from 1 January 2024.

Lloyd’s 2024 stamp capacity climbs to ~£53bn as three-quarters of syndicates approved to grow

Lloyd’s will trade into 1.1.24 with an initial market stamp capacity of at least £52.7bn ($66.9bn) – a new record high – with 60 out of 84 surveyed syndicates increasing their business plans for next year.

Lloyd’s open years continue to improve in latest round of syndicate forecasts

Both the 2021 and 2022 years of account have shown further improvement in the latest round of quarterly syndicate forecasts, with early signs indicating the 2023 YoA will be better than both preceding years.

Motor claims and inflation drive deterioration on Syndicate 218’s 2022 YoA forecast

IQUW Syndicate Management has seen its midpoint forecast deteriorate for the 2022 year of account, but also reported a marginal improvement of 1.5 percentage points for the 2021 open year.

Cincinnati lifts Syndicate 318 forecasts; 2024 stamp grows by 25%

Cincinnati Global has reported a 0.6 percentage point improvement at the midpoint in its latest quarterly forecast for the third-party capital-backed Syndicate 318 for the 2021 year of account.

Inigo to grow stamp to £947mn for 2024 as it targets property D&F and cat ri growth

Private equity-backed Lloyd’s carrier Inigo will target growth in both its property D&F and catastrophe reinsurance books after receiving approval to increase the stamp capacity of Syndicate 1301 to £947mn in 2024, The Insurer can reveal.

Trium Syndicate 1322’s 2024 stamp capacity hits £100mn

Asta-managed Trium Syndicate 1322 has joined the nine-digit club at Lloyd’s after receiving approval to grow its stamp capacity to £100mn ($125.3mn) for 2024, The Insurer can reveal.

MS Amlin 2001 rejoins Lloyd’s £2bn club as stamp jumps 25% in 2024

MS Amlin has received approval to grow the stamp capacity for its flagship Syndicate 2001 by 25 percent for 2024, making it one of the few Lloyd’s syndicates with £2bn ($2.5bn) or more capacity, The Insurer can reveal.

Lloyd’s launches consultation on three-year sustainability roadmap

Lloyd’s has launched a consultation on the Corporation’s roadmap for insuring the low-carbon transition over the next three years.

Beat names Cunningham active underwriter for syndicates

Beat Capital Partners has appointed Andrew Cunningham as active underwriter for Syndicates 4242 and 1416.

Aegis London grows digital trading team

Lloyd’s insurer Aegis has expanded its digital trading team with the appointments of Iain Lewers as digital business development analyst and Mark Wilding as digital product development specialist.

Canopius 4444 marginally improves 2021 YoA forecast

Private equity-owned Canopius has reported a marginal 0.8 percentage point improvement at the midpoint in its latest quarterly forecast for the third-party capital-backed Syndicate 4444 for the 2021 year of account.

Beazley 623 sees 7.5 point improvement on 2022 YoA forecast

Lloyd’s largest insurer Beazley has reported a 7.5 percentage point improvement at the midpoint in its latest quarterly forecast for the third-party capital-backed Syndicate 623 for the 2022 year of account.

Lancs lifts forecasts for Syndicate 2010 Russia-Ukraine exposed open years

Alex Maloney-led Lancashire reported a 2.5 percentage point improvement at the midpoint in its latest quarterly forecast for the third-party capital-backed Syndicate 2010 for the 2022 year of account.

Blanc: Aviva’s Lloyd’s entry remains “under review”

The Lloyd’s market remains an important distribution opportunity for Aviva, but CEO Amanda Blanc stressed that the insurer’s entry to Lime Street remains “under review” at a time when management is focusing on driving cost efficiencies and maintaining a balanced portfolio.

Helios expands portfolio curation team with Tan appointment as 2024 capital raising continues

Helios Underwriting has moved to strengthen oversight of its portfolio of capacity with the addition of former Hiscox and WTW executive Jen Tan.

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