Tiernan says Lloyd’s can grow in 2023 “but no room for complacency”
Lloyd’s chief of markets Patrick Tiernan said he was confident the market can continue to grow in 2023 amid a “once in a generation period of volatility and uncertainty”.
Leader Gaze leaves Lloyd’s Lab
Ed Gaze, who has been head of the Lloyd’s Lab since 2018, announced today that he will be leaving the innovation hub in August.
SafePoint looks to upsize cat program as Manatee Re cat bond non-renews
SafePoint and its broker Gallagher Re have been meeting with London reinsurers as the US insurer seeks to significantly increase the limit on its 1 June renewing cat program after taking on a number of portfolios from companies in receivership and being unable to renew its cat bond, The Insurer ...
Lloyd’s unveils latest ESG report but activists hit out at lack of commitment on fossil fuels
Lloyd’s said its commitment to lead on ESG remains “unequivocal” as it unveiled its latest ESG report on Tuesday, but the Corporation has been met with criticism over its failure to provide commitments around fossil fuel underwriting.
Lloyd’s: ESG and inflation will be key focus for 2023 syndicate planning
Inflation and ESG will form the key areas of focus for the 2023 Lloyd’s business planning and capital process, with additional data collection set to be required around catastrophe risk as the Corporation seeks to better control earnings volatility.
AmTrust hits back at Premia in High Court RITC case as says costs capped at £1mn
AmTrust International has said it is not responsible for any costs in excess of £1mn incurred by Premia and Arch in the reinsurance to close (RITC) of Lloyd’s Syndicate 1861 in its defence against a $6.7mn High Court claim launched by the two parties.
AUB CEO declares Tysers deal “exceptionally positive” for Lloyd’s
Lloyd’s and the wider London insurance market will benefit substantially from AUB Group’s £500mn+ (A$880mn) agreed acquisition of Tysers, the CEO of the Australian group has said in an exclusive interview with The Insurer TV.
GRP returns to M&A with swoop for commercial broker Castle Insurance
Global Risk Partners (GRP) has returned to M&A with a deal to buy Castle Insurance Services, its first transaction since the news that the UK consolidator is to be acquired by US retail broker Brown & Brown.
What AUB is getting in £500mn+ deal for Lloyd’s oldest broker Tysers
We examine AUB’s disclosures to look at what Tysers currently is and how it will sit within the Australian group…
AUB to acquire Tysers in £500mn+ deal
Sydney-headquartered AUB Group has acquired London wholesale broker Tysers in an A$880mn (£500mn) deal.
Leader Gaze leaves Lloyd’s Lab
Ed Gaze, who has been head of the Lloyd’s Lab since 2018, announced today that he will be leaving the innovation hub in August.
MS AUL hires Compre’s Margetts for strategy team
MS Amlin Underwriting Limited (MS AUL), the Lloyd’s unit of international (re)insurer MS Amlin, has added Compre’s head of Lloyd’s Rob Margetts to its strategy team.
Lloyd’s star underwriter Trubshaw to hand MAP reins to Smelt
Long-serving Syndicate 2791 active underwriter Richard Trubshaw is set to pass over the reins of the role of active underwriter at MAP to underwriting director Chris Smelt in 2023, The Insurer can reveal.
MIC Global targets full syndicate in three years as Johnson joins to lead Lloyd’s SIAB
MIC Global has said it aims to begin underwriting from its new Syndicate in a box (SIAB) 5183 within weeks after confirming the arrival of Erik Johnson to lead its new Lloyd’s business.