Lloyd’s saw an aggregate deterioration of 0.6 percent of capacity at the midpoint of forecasts for the 2020 year of account (YoA) during the second quarter, driven by the impact of the challenging investment environment.
Premia’s loss portfolio transfer (LPT) with Hiscox Syndicate 33 marks the run-off carrier’s fourth major transaction at Lloyd’s since acquiring its managing agency and syndicate in March 2020.
With the release of Zurich’s results last Thursday, the Q2 earnings season for European (re)insurers has drawn to a close. The Insurer’s analytics team looks at the winners and losers, comparing reported figures against market expectations and also examining other health factors.
UK terrorism mutual Pool Re has launched a consultation with its members about moving its reinsurance scheme to a catastrophe treaty reinsurance model, a move CEO Tom Clementi said would return more risk to the private market and drive greater awareness and penetration of terrorism cover.
Beazley’s Smart Tracker Syndicate 5623 has received in-principle approval from Lloyd’s to transition from its current special purpose arrangement (SPA) model into a full market-facing syndicate.
Probitas 1492 plans to lift its stamp capacity by 22 percent in 2023 on the back of an 86 percent increase in underwriting profit in the first half of the year, with the Ash Bathia-led Lloyd’s insurer becoming the latest syndicate to add double-digit headroom to its plan for next ...
Barbadian reinsurance carrier Ocean International Reinsurance Company has acquired Oceva Risk Solutions, a London market-facing provider of capacity solutions in the UK, Europe and internationally.
Coverys Managing Agency has appointed Mike Sibthorpe as CEO with the executive replacing Rob Forster at the helm.
AIG’s Lloyd’s platform Talbot has seen two further departures from its marine hull unit, with senior class underwriter Edward Carpenter and class underwriter Benjamin Ewen having tendered their resignation in recent days, The Insurer can reveal.
Lloyd’s specialist insurer Atrium Underwriters has appointed Peter Laidlaw as active underwriter of Syndicate 609, effective 1 January 2023.