Patrick Tiernan – Lloyd's

Tiernan says Lloyd’s can grow in 2023 “but no room for complacency”

2022-05-19T06:13:00+01:00

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”.

Ed Gaze Lloyds Lab

Leader Gaze leaves Lloyd’s Lab

2022-05-19T15:12:00+01:00

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 Louisiana

SafePoint looks to upsize cat program as Manatee Re cat bond non-renews

2022-05-18T15:39:15.13+01:00

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

Lloyd’s unveils latest ESG report but activists hit out at lack of commitment on fossil fuels

2022-05-18T06:34:00+01:00

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 building

Lloyd’s: ESG and inflation will be key focus for 2023 syndicate planning

2022-05-17T14:34:00+01:00

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.

Arch premia AmTrust

AmTrust hits back at Premia in High Court RITC case as says costs capped at £1mn

2022-05-16T11:23:05.72+01:00

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.

Clive Buesnel and Mike Emmett LV

AUB CEO declares Tysers deal “exceptionally positive” for Lloyd’s

2022-05-13T07:18:00+01:00

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 Global Risk Partners

GRP returns to M&A with swoop for commercial broker Castle Insurance

2022-05-12T06:53:00+01:00

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.

Tysers under the microscope

What AUB is getting in £500mn+ deal for Lloyd’s oldest broker Tysers

2022-05-09T13:22:00+01:00

We examine AUB’s disclosures to look at what Tysers currently is and how it will sit within the Australian group…

AUB Group and Tysers

AUB to acquire Tysers in £500mn+ deal

2022-05-09T06:55:00+01:00

Sydney-headquartered AUB Group has acquired London wholesale broker Tysers in an A$880mn (£500mn) deal.

Ed Gaze Lloyds Lab

Leader Gaze leaves Lloyd’s Lab

2022-05-19T15:12:00+01:00

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 Amlin

MS AUL hires Compre’s Margetts for strategy team

2022-05-16T09:09:00+01:00

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.

Richard Trubshaw – MAP

Lloyd’s star underwriter Trubshaw to hand MAP reins to Smelt

2022-05-13T13:49:00+01:00

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.

Erik Johnson Harry Croydon MIC

MIC Global targets full syndicate in three years as Johnson joins to lead Lloyd’s SIAB

2022-05-03T11:05:00+01:00

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.