Lloyd's has penned a memorandum of understanding with DIFC Academy, the educational platform of the Dubai International Financial Centre (DIFC) to foster the development of future talent in the (re)insurance sector.
Lloyds
Axa XL's UK and Lloyd's CEO and former Lloyd’s general counsel Sean McGovern has ruled himself out of the running to succeed John Neal as the Corporation's next CEO, The Insurer understands.
Lloyd’s investment platform London Bridge reached total capital deployment of $1.92bn at the end of 2024, the Corporation revealed this morning.
Lloyd's has appointed Alexander Baugh as an independent nominated member of the Lloyd's Council and chair of the Lloyd's risk committee, succeeding Neil Maidment, who will be stepping down at the end of January.
Lloyd’s CEO John Neal is to join Aon as CEO of global reinsurance and global chair of climate solutions.
Lloyd's has hosted UK chancellor of the exchequer Rachel Reeves and secretary of state for business and trade Jonathan Reynolds to mark the inaugural meeting of the government's industrial strategy advisory council.
Australian MGA Agile has formally launched its Lloyd’s marine offering led by David Hughes, with the newly minted Syndicate 2427 able to deploy a A$10mn ($6.4mn) line size on any one marine risk on a global basis, The Insurer can reveal.
Bruce Carman, CUO at Hive and aviation war expert, estimates the Russia-Ukraine lessor claims could result in a $5-6bn loss for the aviation market, a striking figure that underscores the magnitude of the ongoing legal battle across multiple jurisdictions over stranded Western aircraft in Russia.
AIG has secured participation from Blackstone on its proposed third-party-capitalised Lloyd’s syndicate, which is expected to channel 20-25 percent of certain lines of the insurance giant’s global commercial business, The Insurer can reveal.
The Lloyd's Market Association has called on the Corporation of Lloyd's to continue to reduce the compliance burden associated with financial reporting for market participants.
