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