Lloyd’s 2021: The complete syndicate analysisSecond- and third-quartile syndicates moved into positive territory in 2021 amid lower dispersion in combined ratios.
Asta-managed syndicates make up half of all 2022 Lloyd’s cash callsInvestors in four Lloyd’s syndicates with third-party capital are facing new cash calls to replenish funds depleted by Covid-19 and recent catastrophe activity.
Lloyd’s Lab’s latest cohort focuses on climate and claimsLloyd’s has revealed that the 11 insurtech start-ups in the eighth Lloyd’s Lab cohort will focus on creating products geared towards decarbonisation, climate change and better claims outcomes for customers.
S&P’s $16bn+ bearishness on Ukraine points to a heavy Lloyd’s blowS&P Global Ratings’ scenario analysis for specialty insured losses from the Russia-Ukraine conflict raised eyebrows late last week through its use of a $16bn base-case scenario for the terrible event.
Lloyd’s 2021 syndicate results in fullFollowing the release of the Lloyd’s market’s 2021 syndicate reports and accounts yesterday, The Insurer has compiled the results of the 90 syndicates trading at One Lime Street last year.
RiverStone completes RITC with PioneerPioneer Syndicate 1980 – which was placed into run-off at the end of 2019 – has entered a reinsurance-to-close (RITC) transaction with Riverstone Syndicate 3500.
Scor takes Arch’s Biggas for Lloyd’s active UW and UK CUO roleFrench reinsurer Scor has appointed Marie Biggas as active underwriter and chief underwriting officer of its recently rebranded Lloyd’s platform.
Lloyd’s 2021: How the start-up syndicates faredCFC Syndicate 1988 was the leading performer among the cohort of new businesses at Lloyd’s in 2021, with the syndicate posting a combined ratio of 103.4 percent in its first year of operation.
Argenta plans casualty growth as Syndicate 2121 plans 10% GWP expansion in 2022Argenta Syndicate 2121 has said casualty will lead its planned growth during 2022 as it continues to build out the long-tail portfolio it began writing in 2020.
MAP’s Trubshaw reiterates call for cat model recalibrationMAP Syndicate 2791’s active underwriter Richard Trubshaw has again voiced concern over the effectiveness of existing industry catastrophe models in truly representing current exposures.
Aspen 4711 reports 117.2% CR after finpro reserve strengtheningAspen Syndicate 4711 generated a loss of £34.3mn in 2021 following reserve strengthening of $41mn in its financial and professional lines segment.
Lloyd’s 2021: the best and worst performing syndicatesAxa XL Syndicate 2003 was the leading performer among Lloyd’s heavyweights during 2021 as it delivered a 74.6 percent combined ratio – an improvement of more than 59 percentage points on the previous year.
Bermuda 2021 start-up Mosaic posts 184% CRMosaic Syndicate 1609 has posted a full-year combined ratio of 183.7 percent for 2021, its inaugural year of underwriting, with gross premiums totalling $111.9mn.
The Hartford 1221 back in the black in 2021The Hartford Syndicate 1221 saw its combined ratio improve by 25.9 percentage points year on year as it returned to the black for 2021 with its first annual profit since 2016.
Ascot bullish on outlook for 2022 as Syndicate 1414 profits dipAscot Syndicate 1414 outperformed the Lloyd’s market in 2021 with a combined ratio of 89.6 percent while management at the up-for-sale carrier provided a bullish outlook on the prospects for 2022.
Beazley 2623 posts 91% CR and delivers $275mn profit in 2021Beazley Syndicate 2623 returned to profitability in 2021 as its combined ratio narrowed to 91 percent, a 19 percentage point year-on-year improvement.
Axa XL Syndicate 2003 books 74.6% CR as records £150mn PY reserve boostAxa XL Syndicate 2003 saw its combined ratio improve by 59.2 percentage points year on year as it delivered an underwriting profit of £263.7mn ($346mn) in 2021.
Meacock takes aim at cat models and Lloyd’s expenses but remains optimistic for 2022“Father of the House” Lloyd’s underwriter Michael Meacock has criticised the accuracy of cat models after 2021’s roll-call of heavy loss events, while posting a 91.8 percent combined ratio for the year.
Brit 2987 returns to profit in 2021 with 95.2% CRBrit’s flagship Syndicate 2987 returned to profitability in 2021 as its combined ratio improved 18.7 percentage points year on year despite a $193.1mn claims bill from major losses including Hurricane Ida and the Texas winter storms.
Canopius 4444 back in profit in 2021 with 95.2% CRCanopius’ flagship Syndicate 4444 has posted its first underwriting profit since 2015 with a combined ratio of 95.2 percent and a profit of £33.8mn ($44.4mn) for the year.