Aventum Group-owned specialty (re)insurance MGA Rokstone has acquired a second box at Lloyd’s just six months after announcing its first box.
Lloyds
Chief of markets Patrick Tiernan has said Lloyd's will continue to push for underwriting discipline in 2025, with a focus on delegated authorities, certain casualty lines and managing distribution costs.
Lloyd’s planned GWP is set to rise 11 percent to £65.5bn ($83bn) in 2025 despite the Corporation's more increasingly cautious outlook on the underwriting environment.
Follow-form syndicate Ki is to separate from Brit Insurance and transfer managing agent responsibilities to Asta, The Insurer can reveal.
Specialty (re)insurer Chaucer has received approval to grow the stamp capacity for Syndicate 1084 by 11.1 percent for 2025, making it one of the few Lloyd’s syndicates with capacity of £2bn ($2.5bn) or more, The Insurer can reveal.
Bitcoin specialist AnchorWatch secures Lloyd’s capacity ahead of December launch.
Lloyd's is consulting staff on proposals to restructure its data and operations departments under a new organisational model that will result in some roles being outsourced.
Annex has secured Lloyd’s coverholder status in a move that will allow the flood-focused insurtech MGA to bring a new surplus lines private flood offering for residential properties to market.
Lloyd’s chief of markets Patrick Tiernan has returned to work at 1 Lime Street after taking a leave of absence to undergo spinal surgery.
Lloyd’s 1.1 reinsurance start-up Oak Re Syndicate 2843 expects to write in the region of $300mn GWP in its first year as the business continues to build out its executive and underwriting teams,
Cincinnati Global Syndicate 318 has received Lloyd’s approval to maintain its stamp capacity at £375mn ($488.48mn) for the 2025 year of account, according to a Lloyd’s auction season 2024 disclosure.
South African insurer Santam is on the hunt for an adviser to lead the build-out of its London/international platform and is engaging with Lloyd’s on the launch of a syndicate,
Stonybrook Capital has estimated insured losses from Hurricane Milton at between $30bn and $50bn, warning the full extent of industry impacts will be slow to emerge.
Digital micro insurance provider MIC Global has said it intends to become a Lloyd’s coverholder of Greenlight Re’s Syndicate 3456, in a move designed to leverage both firms’ collective resources to drive greater innovation at Lloyd’s.
Lloyd’s insurer Aegis London has launched a $25mn mine rescue insurance consortium, with participation from Brit, IQUW, Hampden and Abbot.
