Lloyd’s and London market workers have been warned to behave during the Christmas period, with CEO John Neal calling it a “challenging time of the year” as the executive continues the wider crackdown on market misconduct.
Lloyd’s has launched a new multi-million-pound space insurance policy targeted at the so-called ‘new space’ sector and backed by a consortium of 18 syndicates led by Brit and Hiscox MGA.
Munich Re’s Syndicate 457 has received Lloyd’s business plan approval is to increase its stamp capacity to £525mn in 2020, an increase of nearly 24 percent, The Insurer can reveal.
Lloyd’s is expected to write more business than ever before in 2020 with projected GWP in excess of £36bn after a Q4 business planning process that has seen the majority of syndicates approved to write more income next year.
Sirius International’s Syndicate 1945 has received Lloyd’s business plan approval for its 2020 stamp capacity to increase by 12.3 percent, The Insurer can reveal.
US carrier Travelers is exiting cargo business at Lloyd’s, The Insurer understands.
Active underwriter at Coverys Managing Agency’s Syndicate 1975 Keith Bryceland has exited the business, The Insurer can reveal.
Former Chaucer head of specialist lines David Barber has resurfaced as CUO for specialty lines in London at US-based program carrier Fortegra Financial Corporation.
The long-standing lead underwriter of Lloyd’s liability specialist Syndicate 2525 has stepped down immediately for six months for “personal reasons”, The Insurer can reveal.