John Neal – Lloyd's 2

Neal confirms Blueprint Two now delayed until 2024

2022-12-05T16:58:00+00:00

Lloyd’s CEO John Neal has provided an upbeat assessment of his Blueprint Two market modernisation initiative but also confirmed completion has been delayed and will now slip into 2024.

John Neal – Lloyd's

Lloyd’s CEO John Neal urges market to “seize the opportunity” of £300mn Blueprint Two transformation

2022-12-05T17:38:47.687+00:00

Lloyd’s is standing at a “pivotal point” in its digital transformation journey, CEO John Neal said today as he urged the market’s underwriters and brokers to “seize the opportunity” afforded by his modernisation initiative.

Lloyd's building

All London market tech partners now support Blueprint Two solutions: Lloyd’s

2022-12-05T13:42:00+00:00

Lloyd’s has confirmed that all London market technology vendors that interact with the existing central services intend to accommodate the new Blueprint Two solutions.

Lloyd's

Society of Lloyd’s launches tender offer in move to optimise capital structure

2022-12-05T10:55:00+00:00

The Society of Lloyd’s has launched a tender offer to buy back up to £250mn of the £500mn subordinated debt it issued in 2014.

Peel Hunt Lloyds

Peel Hunt targeting ~£300mn fundraise for Lloyd’s London Bridge vehicle

2022-12-02T08:20:49.09+00:00

Peel Hunt is fundraising for a new Lloyd’s investment vehicle that would provide Funds at Lloyd’s to syndicates, enabling them to capitalise further on the hard market underwriting conditions.

Patrick Tiernan

Tiernan praises Bermuda and Lloyd’s ties as market “back on the front foot again”

2022-12-02T08:20:44.51+00:00

Lloyd’s chief of markets Patrick Tiernan has praised the Bermuda (re)insurance market while celebrating the strong ties between the island and Lloyd’s.

Ardonagh and Envest

Ardonagh inks A$482mn deal for Australian broker Envest

2022-11-23T08:24:00+00:00

The Ardonagh Group has agreed a deal to acquire Brisbane-headquartered Envest for a consideration of A$482mn ($321mn), with the transaction set to be funded with a combination of equity and debt.

Mosaic SiriusPoint Lloyd's

SiriusPoint, Mosaic call off deal for Lloyd’s managing agency

2022-11-17T16:40:00+00:00

SiriusPoint and Mosaic have called off their planned deal for the Bermudian to sell its Lloyd’s managing agency to the Mitch Blaser and Mark Wheeler-led start-up, The Insurer can reveal.

BP Marsh

BP Marsh to back Housley/Cousins 2023 London MGA start-up

2022-11-17T08:26:40.3+00:00

Specialist UK insurance investor BP Marsh & Partners is backing the nascent US property MGA headed by former Sompo International underwriters Richard Housley and Rupert Cousins, The Insurer can reveal. 

IM-Ascot-PhoneMessage-AndrewBrooks-London

Ascot: Valuation offered by bidders “does not reflect true value” of the business

2022-11-14T23:41:00+00:00

Ascot Group CEO Andrew Brooks told staff Monday that after undertaking a “thorough process” and being “encouraged” by investor interest in buying the business, the offers received “did not accurately reflect” the firm’s value and that current owner CPPIB will remain a “committed investor”.

Richard Boyd – Acrisure

Allianz’s Richard Boyd to lead Acrisure’s £84mn Flux Syndicate launch

2022-11-29T16:16:53.337+00:00

Richard Boyd has been named active underwriter for Acrisure’s new Asta-managed Flux Syndicate 1985, which will have a stamp capacity of £84.4mn ($101mn) for its first year of trading.

Andrew Kendrick – Tysers

Andrew Kendrick returns to EC3 as Tysers’ new chairman

2022-11-28T08:12:00+00:00

Tysers has appointed veteran London market executive Andrew Kendrick as non-executive chairman following the recent completion of its takeover by AUB Group.

Lancashire

Lancashire expands teams in London and Bermuda

2022-11-24T09:56:00+00:00

Specialty (re)insurer Lancashire has bolstered its underwriting and claims teams in both London and Bermuda with a quartet of new hires.

Mark Cody – Amwins

Amwins Global Risks promotes Cody to managing director

2022-11-23T11:33:00+00:00

Amwins Global Risks, the Lloyd’s wholesale broker formerly known as THB Group, has appointed Mark Cody as managing director, effective 1 January 2023.